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 announced that its board has authorized a share repurchase program on Wednesday, August 29th 2018, which authorizes the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 6.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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

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

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 EPS 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.

7 Wall Street analysts have issued twelve-month target prices for Dycom Industries' shares. Their predictions range from $50.00 to $65.00. On average, they anticipate Dycom Industries' stock price to reach $60.2857 in the next year. This suggests a possible upside of 7.2% 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.

News stories about DY stock have trended somewhat positive on Monday, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Dycom Industries earned a daily sentiment score of 1.6 on InfoTrie's scale. They also gave news stories about the construction company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Dycom Industries.

Dycom Industries saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 2,094,200 shares, an increase of 6.0% from the April 15th total of 1,975,700 shares. Based on an average daily trading volume, of 661,500 shares, the days-to-cover ratio is currently 3.2 days. Approximately 7.0% of the shares of the stock are sold short. View Dycom Industries' Current Options Chain.

Some companies that are related to Dycom Industries include MasTec (MTZ), Primoris Services (PRIM), MYR Group (MYRG), Aegion (AEGN) 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), NVIDIA (NVDA), QUALCOMM (QCOM), Intel (INTC), Micron Technology (MU), Skyworks Solutions (SWKS), Walt Disney (DIS), Edwards Lifesciences (EW) and Lam Research (LRCX).

Dycom Industries' stock is owned by many different of institutional and retail investors. Top institutional investors include Fifth Third Bancorp (1.50%), Scout Investments Inc. (0.74%), WCM Investment Management LLC (0.72%), Chartwell Investment Partners LLC (0.68%), Emerald Advisers LLC (0.65%) and Clearbridge Investments LLC (0.64%). 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 PNC Financial Services Group Inc., Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, Scout Investments Inc., Oppenheimer Asset Management Inc., Carillon Tower Advisers Inc., Thompson Siegel & Walmsley LLC and Eagle Boston Investment Management Inc.. View Insider Buying and Selling for Dycom Industries.

DY stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Fifth Third Bancorp, WCM Investment Management LLC, Smith Graham & Co. Investment Advisors LP, Marshall Wace North America L.P., Dynamic Technology Lab Private Ltd, Clearbridge Investments LLC and South Dakota Investment Council. 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, Scottrade, Fidelity and Charles Schwab.

One share of DY stock can currently be purchased for approximately $56.22.

Dycom Industries has a market capitalization of $1.77 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]