NYSE:DYDycom Industries Stock Price, Forecast & News

Dycom Industries' stock was trading at $18.04 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, DY stock has increased by 122.6% and is now trading at $40.16. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dycom Industries in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Dycom Industries.

Dycom Industries is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020. View our earnings forecast for Dycom Industries.

Dycom Industries, Inc. (NYSE:DY) announced its earnings results on Tuesday, May, 19th. The construction company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.42. The construction company had revenue of $814.30 million for the quarter, compared to analysts' expectations of $747.03 million. Dycom Industries had a net margin of 0.32% and a return on equity of 7.78%. The firm's revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. View Dycom Industries' earnings history.

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

8 analysts have issued 1-year price targets for Dycom Industries' stock. Their forecasts range from $35.00 to $52.50. On average, they anticipate Dycom Industries' stock price to reach $45.92 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price. View analysts' price targets for Dycom Industries.

Press coverage about DY stock has trended negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by monitoring 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 five, with scores nearest to five being the most favorable. Dycom Industries earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned news coverage about the construction company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an impact on the stock's share price in the next several days. View the latest news about Dycom Industries.

Dycom Industries saw a drop in short interest in June. As of June 15th, there was short interest totaling 2,930,000 shares, a drop of 10.4% from the May 31st total of 3,270,000 shares. Based on an average daily volume of 794,400 shares, the short-interest ratio is presently 3.7 days. Approximately 9.7% of the company's stock are short sold. View Dycom Industries' Current Options Chain.

Some companies that are related to Dycom Industries include Jacobs Engineering Group (JEC), Aecom (ACM), Quanta Services (PWR), Emcor Group (EME), MasTec (MTZ), KBR (KBR), Fluor Co. (NEW) (FLR), Comfort Systems USA (FIX), Ameresco (AMRC), Granite Construction (GVA), Primoris Services (PRIM), Argan (AGX), Tutor Perini (TPC), Great Lakes Dredge & Dock (GLDD) and MYR Group (MYRG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dycom Industries investors own include Broadcom (AVGO), Gilead Sciences (GILD), Walt Disney (DIS), NVIDIA (NVDA), QUALCOMM (QCOM), AbbVie (ABBV), Bank of America (BAC), Intel (INTC), Micron Technology (MU) and Starbucks (SBUX).

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

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 $40.16.

Dycom Industries has a market capitalization of $1.27 billion and generates $3.34 billion in revenue each year. The construction company earns $57.22 million in net income (profit) each year or $2.27 on an earnings per share basis. Dycom Industries employs 15,230 workers across the globe.

The official website for Dycom Industries is 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]