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

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

Dycom Industries declared that its board has approved a stock buyback program on Wednesday, August 29th 2018, which authorizes the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 6.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Dycom Industries, Inc. (NYSE:DY) issued its earnings results on Tuesday, November, 26th. The construction company reported $0.88 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.72 by $0.16. The construction company had revenue of $884.10 million for the quarter, compared to the consensus estimate of $848.19 million. Dycom Industries had a return on equity of 9.87% and a net margin of 1.68%. Dycom Industries's revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. View Dycom Industries' Earnings History.

Dycom Industries is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Dycom Industries.

Dycom Industries updated its fourth quarter 2020 Pre-Market earnings guidance on Tuesday, November, 26th. The company provided earnings per share (EPS) guidance of $-0.15-0.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.10. The company issued revenue guidance of $$700-740 million, compared to the consensus revenue estimate of $$747.28 million.

7 analysts have issued 12-month price targets for Dycom Industries' shares. Their forecasts range from $50.00 to $65.00. On average, they expect Dycom Industries' share price to reach $59.86 in the next twelve months. This suggests a possible upside of 34.6% 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.

Headlines about DY stock have been trending somewhat negative on Monday, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Dycom Industries earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned media coverage about the construction company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Dycom Industries.

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), Granite Construction (GVA), Primoris Services (PRIM), Ameresco (AMRC), Argan (AGX), Aegion (AEGN), Great Lakes Dredge & Dock (GLDD) and Tutor Perini (TPC).

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

Dycom Industries' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Schroder Investment Management Group (2.27%), Investment Counselors of Maryland LLC (1.22%), Charles Schwab Investment Management Inc. (1.16%), WCM Investment Management LLC (0.90%), Chartwell Investment Partners LLC (0.85%) and Sei Investments Co. (0.76%). 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 Credit Suisse AG, Renaissance Technologies LLC, Chartwell Investment Partners LLC, Envestnet Asset Management Inc., Falcon Point Capital LLC, Russell Investments Group Ltd., Tocqueville Asset Management L.P. and Jacobs Levy Equity 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 Schonfeld Strategic Advisors LLC, Schroder Investment Management Group, WCM Investment Management LLC, Charles Schwab Investment Management Inc., Sei Investments Co., Aigen Investment Management LP, First Trust Advisors LP and Great West Life Assurance Co. Can. 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 $44.46.

Dycom Industries has a market capitalization of $1.40 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]