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 approved a share repurchase program on Wednesday, April 12th 2017, which permits the company to buyback $75,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Dycom Industries, Inc. (NYSE:DY) announced its earnings results on Wednesday, May, 24th. The company reported $1.30 EPS for the quarter, beating the Zacks' consensus estimate of $1.19 by $0.11. The company earned $786.30 million during the quarter, compared to analyst estimates of $736.20 million. Dycom Industries had a net margin of 5.30% and a return on equity of 28.96%. Dycom Industries's revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. View Dycom Industries' Earnings History.

Dycom Industries is scheduled to release their next quarterly earnings announcement on Monday, August, 21st 2017. View Earnings Estimates for Dycom Industries.

Dycom Industries updated its fourth quarter earnings guidance on Wednesday, May, 24th. The company provided earnings per share (EPS) guidance of $1.35-1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.78. The company issued revenue guidance of $780-800 million, compared to the consensus revenue estimate of $848.99 million.

5 brokerages have issued 1-year target prices for Dycom Industries' stock. Their forecasts range from $52.00 to $120.00. On average, they expect Dycom Industries' share price to reach $95.25 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 ServiceMaster Global Holdings (SERV), AECOM (ACM), Quanta Services (PWR), Eagle Materials (EXP), USG Corporation (USG), CalAtlantic Group (CAA), EMCOR Group (EME), MasTec (MTZ), Louisiana-Pacific Corporation (LPX), Rayonier (RYN), Floor & Decor Holdings (FND), JELD-WEN Holding (JELD), Summit Materials (SUM), Norbord (OSB), Armstrong World Industries (AWI), ABM Industries Incorporated (ABM), GCP Applied Technologies (GCP) and TRI Pointe Group (TPH).

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 shareholders include Smith Graham & Co. Investment Advisors LP (0.22%), Dixon Hubard Feinour & Brown Inc. VA (0.19%), GW&K Investment Management LLC (0.11%), James Investment Research Inc. (0.07%), US Bancorp DE (0.05%) and State Treasurer State of Michigan (0.04%). 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 Smith Graham & Co. Investment Advisors LP, Independent Portfolio Consultants Inc., US Bancorp DE, Eqis Capital Management Inc., Beacon Financial Group, Bank of Montreal Can and Aperio Group LLC. 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 acquired by a variety of institutional investors in the last quarter, including Dixon Hubard Feinour & Brown Inc. VA, GW&K Investment Management LLC, James Investment Research Inc., New England Research & Management Inc., Beech Hill Advisors Inc., Atria Investments LLC, Oregon Public Employees Retirement Fund and LS Investment Advisors LLC. 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 $87.94.