Dycom Industries Company Profile (NYSE:DY)

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

Dycom Industries announced that its board has authorized a share repurchase program on Wednesday, April 12th 2017, which authorizes the company to buyback $75,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Dycom Industries, Inc. (NYSE:DY) posted its quarterly earnings data on Wednesday, August, 30th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.44 by $0.03. The business had revenue of $780.20 million for the quarter, compared to analysts' expectations of $798.62 million. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. Dycom Industries's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. View Dycom Industries' Earnings History.

Dycom Industries is scheduled to release their next quarterly earnings announcement on Monday, November, 20th 2017. View Earnings Estimates for Dycom Industries.

Dycom Industries issued an update on its first quarter earnings guidance on Wednesday, August, 30th. The company provided earnings per share guidance of $0.81-0.96 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43. The company issued revenue guidance of $715-745 million, compared to the consensus revenue estimate of $783.67 million.

7 brokers have issued 12 month price targets for Dycom Industries' stock. Their forecasts range from $87.00 to $120.00. On average, they expect Dycom Industries' share price to reach $102.67 in the next year. View Analyst Ratings for Dycom Industries.

Here are some recent quotes from research analysts about Dycom Industries stock:

• 1. According to Zacks Investment Research, "Dycom reported third-quarter fiscal 2017 adjusted earnings of $1.30 a share, which beat the Zacks Consensus Estimate by 8.3% and surged 20.4% year over year. Robust operating performance and a stellar top-line improvement proved conducive to earnings growth. Going forward, favorable industry trends like surging demand for 1-Gigabyte deployment, huge investment in wireline networks and cable capacity projects boost growth. In the past one year, Dycom’s shares have witnessed a gain against a decline recorded by the Zacks categorized Building & Heavy Construction industry. However, on the flip side, a drab guidance for the fiscal fourth quarter, short-term margin pressure due to nature of work and reduced contributions from the acquired business signals tough times ahead. Also, timing uncertainty and spending fluctuations in relation to the large scale network deployments are likely to hurt the company's profitability. " (5/26/2017)
• 2. FBR & Co analysts commented, "On March 1, DY announced F2Q17 results that provided an upside surprise, relative to our and consensus' estimates: Revenue grew 25% YOY (23% organic); EBITDA margins continued to expand to 12.3% (+40 bps YOY). The quarter was positively affected by strong 1 Gbps fiber deployments and market share gains. The telecom wireline industry remains robust, with 1 Gbps deployments and the development of 5G technologies. We continue to believe that DY is the best-positioned contractor to benefit from these telecom trends, given its scale, market position, customer relationships, and financial strength. We raise our estimates for CY17 and introduce CY18 estimates. We also raise our price target to $120 (from $115) and reiterate our Outperform rating." (3/2/2017)
• 3. DA Davidson analysts commented, "We will update our model and offer additional comments after the conference call with management scheduled for 9:00 AM ET / 6:00 AM PT on Tuesday, November 22nd." (11/22/2016)

Some companies that are related to Dycom Industries include Eagle Materials (EXP), USG Corporation (USG), Louisiana-Pacific Corporation (LPX), EMCOR Group (EME), CalAtlantic Group (CAA), MasTec (MTZ), Floor & Decor Holdings (FND), Rayonier (RYN), JELD-WEN Holding (JELD), Norbord (OSB), Summit Materials (SUM), Armstrong World Industries (AWI), ABM Industries Incorporated (ABM), KBR (KBR), Trex Company (TREX), Granite Construction Incorporated (GVA), TopBuild Corp. (BLD) and GCP Applied Technologies (GCP).

Dycom Industries' management team includes the folowing people:

• Steven E. Nielsen, Chairman of the Board, President, Chief Executive Officer
• Hary Andrew DeFerrari, Chief Financial Officer, Senior Vice President
• Timothy R. Estes, Chief Operating Officer, Executive Vice President
• Richard B. Vilsoet, Vice President, General Counsel, Corporate Secretary
• Kimberly L. Dickens, Vice President and Chief Human Resources Officer
• Charles B. Coe, Independent Director
• Stephen C. Coley, Independent Director
• Dwight B. Duke, Independent Director
• Eitan Gertelas, Independent Director
• Anders Gustafsson, Independent Director

Dycom Industries' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.90%), RE Advisers Corp (5.56%), State Street Corp (3.29%), Alliancebernstein L.P. (3.01%), Dimensional Fund Advisors LP (2.99%) and Federated Investors Inc. PA (2.63%). Company insiders that own Dycom Industries stock include Charles B Coe, H Andrew Deferrari, Kimberly L Dickens, Patricia Higgins, Rebecca Brightly Roach, Richard B Vilsoet, Steven E Nielsen, Thomas G Baxter and Timothy R Estes. View Institutional Ownership Trends for Dycom Industries.

Dycom Industries' stock was sold by a variety of institutional investors in the last quarter, including BlueCrest Capital Management Ltd, Wells Fargo & Company MN, Elk Creek Partners LLC, KBC Group NV, American Century Companies Inc., Zweig DiMenna Associates LLC, York Capital Management Global Advisors LLC and Alliancebernstein L.P.. Company insiders that have sold Dycom Industries stock in the last year include Patricia Higgins, Rebecca Brightly Roach and Richard B Vilsoet. View Insider Buying and Selling for Dycom Industries.

Dycom Industries' stock was bought by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC, Thompson Siegel & Walmsley LLC, Columbus Circle Investors, Scout Investments Inc., Federated Investors Inc. PA, Castleark Management LLC, Russell Investments Group Ltd. and Pembroke Management LTD. View Insider Buying and Selling for Dycom Industries.

Shares of Dycom Industries can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Dycom Industries stock can currently be purchased for approximately $82.69.