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

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

Dycom Industries declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 29th 2018, which allows the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Dycom Industries, Inc. (NYSE:DY) released its quarterly earnings results on Wednesday, August, 28th. The construction company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. The construction company earned $884.20 million during the quarter, compared to analyst estimates of $857.82 million. Dycom Industries had a return on equity of 10.45% and a net margin of 1.81%. The company's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. View Dycom Industries' Earnings History.

Dycom Industries is scheduled to release their next quarterly earnings announcement on Tuesday, November 19th 2019. View Earnings Estimates for Dycom Industries.

Dycom Industries updated its third quarter earnings guidance on Wednesday, August, 28th. The company provided earnings per share guidance of $0.60-0.80 for the period, compared to the Thomson Reuters consensus estimate of $0.90. The company issued revenue guidance of $820-870 million, compared to the consensus revenue estimate of $882.91 million.

7 equities research analysts have issued 12-month target prices for Dycom Industries' shares. Their forecasts range from $50.00 to $65.00. On average, they expect Dycom Industries' stock price to reach $59.4286 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price. View Analyst Price Targets for Dycom Industries.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dycom Industries in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Dycom Industries.

Media coverage about DY stock has trended negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Dycom Industries earned a coverage optimism score of -2.9 on InfoTrie's scale. They also gave headlines about the construction company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Dycom Industries.

Dycom Industries saw a decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,220,600 shares, a decline of 10.0% from the July 31st total of 2,466,900 shares. Based on an average trading volume of 355,400 shares, the days-to-cover ratio is currently 6.2 days. Currently, 7.4% of the company's stock are short sold. View Dycom Industries' Current Options Chain.

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

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

Dycom Industries' stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.06%), Schroder Investment Management Group (2.12%), Northern Trust Corp (1.77%), RE Advisers Corp (1.33%), Russell Investments Group Ltd. (1.30%) and Investment Counselors of Maryland LLC (1.20%). Company insiders that own Dycom Industries stock include Patricia Higgins and Richard K Sykes. View Institutional Ownership Trends for Dycom Industries.

DY stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, RE Advisers Corp, Engine Capital Management LP, Mackenzie Financial Corp, Mackenzie Financial Corp, Eagle Boston Investment Management Inc., Alpine Woods Capital Investors LLC and Voloridge Investment Management LLC. View Insider Buying and Selling for Dycom Industries.

DY stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Russell Investments Group Ltd., Nuveen Asset Management LLC, Vanguard Group Inc., Parametric Portfolio Associates LLC, Peregrine Capital Management LLC, Scout Investments Inc. and A.R.T. Advisors LLC. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of DY stock can currently be purchased for approximately $53.75.

Dycom Industries has a market capitalization of $1.69 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.View Additional Information About Dycom Industries.

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

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]