NYSE:DY - Dycom Industries Stock Price, News, & Analysis

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$52.64 -1.76 (-3.24 %)
(As of 05/23/2019 11:50 AM ET)
Previous Close$54.40
Today's Range$52.42 - $53.46
52-Week Range$41.78 - $100.76
Volume5,757 shs
Average Volume530,030 shs
Market Capitalization$1.66 billion
P/E Ratio19.23
Dividend YieldN/A
Beta1.45
Dycom Industries, Inc. provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable television system operators. In addition, the company offers construction and maintenance services for electric and gas utilities, and other customers; and underground facility locating services, such as locating telephone, cable television, power, water, sewer, and gas lines for various utility companies, including telecommunication providers. Dycom Industries, Inc. was founded in 1969 and is based in Palm Beach Gardens, Florida.

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Industry, Sector and Symbol

Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
SectorConstruction
CUSIP26747510
Phone561-627-7171

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.13 billion
Cash Flow$8.5733 per share
Book Value$26.09 per share

Profitability

Net Income$62.91 million

Miscellaneous

Employees14,920
Market Cap$1.66 billion
Next Earnings Date9/4/2019 (Estimated)
OptionableOptionable

Dycom Industries (NYSE:DY) Frequently Asked Questions

What is Dycom Industries' stock symbol?

Dycom Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "DY."

How will Dycom Industries' stock buyback program work?

Dycom Industries announced that its Board of Directors has authorized a share repurchase program on Wednesday, August 29th 2018, which permits the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 6.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

How were Dycom Industries' earnings last quarter?

Dycom Industries, Inc. (NYSE:DY) announced its quarterly earnings results on Tuesday, May, 21st. The construction company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.10. The construction company had revenue of $883.70 million for the quarter, compared to analyst estimates of $771.90 million. Dycom Industries had a net margin of 1.86% and a return on equity of 10.52%. The firm's revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. View Dycom Industries' Earnings History.

When is Dycom Industries' next earnings date?

Dycom Industries is scheduled to release their next quarterly earnings announcement on Wednesday, September 4th 2019. View Earnings Estimates for Dycom Industries.

What guidance has Dycom Industries issued on next quarter's earnings?

Dycom Industries updated its second quarter earnings guidance on Tuesday, May, 21st. The company provided EPS guidance of $0.70-0.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.82. The company issued revenue guidance of $835-885 million, compared to the consensus revenue estimate of $843.96 million.Dycom Industries also updated its Q2 2019 guidance to $0.70-0.92 EPS.

What price target have analysts set for DY?

9 Wall Street analysts have issued twelve-month price objectives for Dycom Industries' stock. Their forecasts range from $50.00 to $117.00. On average, they anticipate Dycom Industries' share price to reach $72.2222 in the next year. This suggests a possible upside of 35.8% from the stock's current price. View Analyst Price Targets for Dycom Industries.

What is the consensus analysts' recommendation for Dycom Industries?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dycom Industries in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Dycom Industries.

What are Wall Street analysts saying about Dycom Industries stock?

Here are some recent quotes from research analysts about Dycom Industries stock:
  • 1. According to Zacks Investment Research, "Shares of Dycom have underperformed S&P 500 in the past year. Earnings estimates for fiscal 2020 have also declined over the past 60 days, reflecting analysts' concern for the company's earnings growth potential. The company's results were negatively impacted by lower-than-expected large-scale deployments due to timing and tactical considerations. Again, under absorption of labor and field costs might continue to hurt its margins. Thus, it has lowered the mid-point of 2019 EPS view. Nonetheless, it is likely to gain from surging demand for 1-gigabit deployment and wireline networks, strong backlog, coupled with continuous contract flow in the long run. In order to expand its market share, Dycom seeks to grab opportunities by undertaking acquisitions. The company’s strong financial position and diligent operational execution allow it to undertake strategic initiatives." (4/30/2019)
  • 2. Canaccord Genuity analysts commented, "We maintain our BUY rating and $90 price target for DY following this morning’s earnings report. Despite frustrations over the disappointing 2018 results implied in guidance, we do not believe there is any change to the fundamental story and continue to believe that DY is poised to capitalize on the long-term telecom investment cycle. We expect 2019 results to reflect the initial benefits of accelerating growth." (8/29/2018)

Has Dycom Industries been receiving favorable news coverage?

News headlines about DY stock have trended very negative on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Dycom Industries earned a news impact score of -3.8 on InfoTrie's scale. They also gave news coverage about the construction company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days.

Who are some of Dycom Industries' key competitors?

Some companies that are related to Dycom Industries include MasTec (MTZ), Primoris Services (PRIM), MYR Group (MYRG), Aegion (AEGN) and Preformed Line Products (PLPC).

What other stocks do shareholders of Dycom Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Dycom Industries investors own include Broadcom (AVGO), Gilead Sciences (GILD), NVIDIA (NVDA), QUALCOMM (QCOM), Intel (INTC), Micron Technology (MU), Skyworks Solutions (SWKS), Walt Disney (DIS), Edwards Lifesciences (EW) and Lam Research (LRCX).

Who are Dycom Industries' key executives?

Dycom Industries' management team includes the folowing people:
  • Mr. Steven E. Nielsen, Chairman, Pres & CEO (Age 56)
  • Mr. H. Andrew DeFerrari, Sr. VP, CFO & Treasurer (Age 50)
  • Mr. Timothy R. Estes, Exec. VP & COO (Age 65)
  • Mr. Richard B. Vilsoet, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 66)
  • Mr. Scott P. Horton, VP & Chief HR Officer (Age 55)

Who are Dycom Industries' major shareholders?

Dycom Industries' stock is owned by many different of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (3.62%), Northern Trust Corp (1.73%), Fifth Third Bancorp (1.50%), Geode Capital Management LLC (1.13%), OppenheimerFunds Inc. (0.94%) and Charles Schwab Investment Management Inc. (0.90%). Company insiders that own Dycom Industries stock include Patricia Higgins and Richard K Sykes. View Institutional Ownership Trends for Dycom Industries.

Which major investors are selling Dycom Industries stock?

DY stock was sold by a variety of institutional investors in the last quarter, including PNC Financial Services Group Inc., Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, Envestnet Asset Management Inc., Renaissance Technologies LLC, Scout Investments Inc., Oppenheimer Asset Management Inc. and Carillon Tower Advisers Inc.. View Insider Buying and Selling for Dycom Industries.

Which major investors are buying Dycom Industries stock?

DY stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Boston Partners, Dimensional Fund Advisors LP, Fifth Third Bancorp, Engine Capital Management LP, WCM Investment Management LLC, State of Wisconsin Investment Board and Smith Graham & Co. Investment Advisors LP. View Insider Buying and Selling for Dycom Industries.

How do I buy shares of Dycom Industries?

Shares of DY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Dycom Industries' stock price today?

One share of DY stock can currently be purchased for approximately $53.20.

How big of a company is Dycom Industries?

Dycom Industries has a market capitalization of $1.67 billion and generates $3.13 billion in revenue each year. The construction company earns $62.91 million in net income (profit) each year or $2.78 on an earnings per share basis. Dycom Industries employs 14,920 workers across the globe.

What is Dycom Industries' official website?

The official website for Dycom Industries is http://www.dycomind.com/.

How can I contact Dycom Industries?

Dycom Industries' mailing address is 11780 U.S. HIGHWAY 1 SUITE 600, PALM BEACH GARDENS FL, 33408. The construction company can be reached via phone at 561-627-7171 or via email at [email protected]


MarketBeat Community Rating for Dycom Industries (NYSE DY)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  519 (Vote Outperform)
Underperform Votes:  341 (Vote Underperform)
Total Votes:  860
MarketBeat's community ratings are surveys of what our community members think about Dycom Industries and other stocks. Vote "Outperform" if you believe DY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/23/2019 by MarketBeat.com Staff

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