Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable television system operators. In addition, the company offers construction and maintenance services for electric and gas utilities, and other customers; and underground facility locating services, such as locating telephone, cable television, power, water, sewer, and gas lines for various utility companies, including telecommunication providers. Dycom Industries, Inc. was founded in 1969 and is based in Palm Beach Gardens, Florida.
Industry, Sector and Symbol
Industry Water, sewer, & utility lines
Sub-IndustryConstruction & Engineering
SectorConstruction
Phone561-627-7171
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.07 billion
Profitability
Miscellaneous
Employees14,225
OptionableOptionable
Dycom Industries (NYSE:DY) Frequently Asked Questions
What is Dycom Industries' stock symbol?
Dycom Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "DY."
How will Dycom Industries' stock buyback program work?
Dycom Industries announced 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 purchase up to 6.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.
How were Dycom Industries' earnings last quarter?
Dycom Industries, Inc. (NYSE:DY) released its quarterly earnings data on Tuesday, November, 20th. The construction company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. The construction company earned $848.20 million during the quarter, compared to analysts' expectations of $806.88 million. Dycom Industries had a return on equity of 11.38% and a net margin of 3.79%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. View Dycom Industries' Earnings History.
What guidance has Dycom Industries issued on next quarter's earnings?
Dycom Industries issued an update on its fourth quarter earnings guidance on Tuesday, November, 20th. The company provided earnings per share (EPS) guidance of $0.02-0.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.23. The company issued revenue guidance of $695-745 million, compared to the consensus revenue estimate of $716.27 million.Dycom Industries also updated its FY 2019 guidance to $2.70-2.92 EPS.
What price target have analysts set for DY?
8 equities research analysts have issued 1-year target prices for Dycom Industries' shares. Their forecasts range from $77.00 to $117.00. On average, they expect Dycom Industries' share price to reach $94.00 in the next twelve months. This suggests a possible upside of 48.9% from the stock's current price. View Analyst Price Targets for Dycom Industries.
What is the consensus analysts' recommendation for Dycom Industries?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dycom Industries in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Dycom Industries.
What are Wall Street analysts saying about Dycom Industries stock?
Here are some recent quotes from research analysts about Dycom Industries stock:
- 1. According to Zacks Investment Research, "Shares of Dycom have underperformed its industry in the past year. Earnings estimates for fiscal 2020 have also declined over the past 30 days, reflecting analysts' concern for the company's earnings growth potential. The company's results were negatively impacted by lower-than-expected large-scale deployments due to timing and tactical considerations. Again, under absorption of labor and field costs might continue to hurt its margins. Thus, it has lowered the mid-point of 2019 EPS view. Nonetheless, it is likely to gain from surging demand for 1-gigabit deployment and wireline networks, strong backlog, coupled with continuous contract flow in the long run. In order to expand its market share, Dycom seeks to grab opportunities by undertaking acquisitions. The company’s strong financial position and diligent operational execution allow it to undertake strategic initiatives." (2/4/2019)
- 2. Canaccord Genuity analysts commented, "We maintain our BUY rating and $90 price target for DY following this morning’s earnings report. Despite frustrations over the disappointing 2018 results implied in guidance, we do not believe there is any change to the fundamental story and continue to believe that DY is poised to capitalize on the long-term telecom investment cycle. We expect 2019 results to reflect the initial benefits of accelerating growth." (8/29/2018)
Has Dycom Industries been receiving favorable news coverage?
News headlines about DY stock have been trending positive this week, InfoTrie reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news 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 media sentiment score of 2.3 on InfoTrie's scale. They also assigned news coverage about the construction company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the immediate future.
Who are some of Dycom Industries' key competitors?
Who are Dycom Industries' key executives?
Dycom Industries' management team includes the folowing people:
- Mr. Steven E. Nielsen, Chairman, Pres & CEO (Age 56)
- Mr. H. Andrew DeFerrari, Sr. VP, CFO & Treasurer (Age 50)
- Mr. Timothy R. Estes, Exec. VP & COO (Age 65)
- Mr. Richard B. Vilsoet, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 66)
- Ms. Sharon Villaverde, VP & Chief Accounting Officer (Age 45)
Who are Dycom Industries' major shareholders?
Dycom Industries' stock is owned by many different of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (3.27%), Northern Trust Corp (1.69%), Emerald Advisers LLC (1.09%), Geode Capital Management LLC (1.07%), Scout Investments Inc. (1.02%) and Emerald Mutual Fund Advisers Trust (0.97%). Company insiders that own Dycom Industries stock include Patricia Higgins, Richard B Vilsoet and Richard K Sykes. View Institutional Ownership Trends for Dycom Industries.
Which major investors are selling Dycom Industries stock?
DY stock was sold by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., Canada Pension Plan Investment Board, Voloridge Investment Management LLC, Logan Capital Management Inc., Falcon Point Capital LLC, W.G. Shaheen & Associates DBA Whitney & Co, PNC Financial Services Group Inc. and BB&T Corp. View Insider Buying and Selling for Dycom Industries.
Which major investors are buying Dycom Industries stock?
DY stock was purchased by a variety of institutional investors in the last quarter, including SG Capital Management LLC, Millennium Management LLC, Emerald Advisers LLC, Dimensional Fund Advisors LP, 1060 Capital LLC, Emerald Mutual Fund Advisers Trust, Oppenheimer Asset Management Inc. and Weiss Multi Strategy Advisers LLC. View Insider Buying and Selling for Dycom Industries.
How do I buy shares of 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.
What is Dycom Industries' stock price today?
One share of DY stock can currently be purchased for approximately $63.12.
How big of a company is Dycom Industries?
Dycom Industries has a market capitalization of $1.98 billion and generates $3.07 billion in revenue each year. Dycom Industries employs 14,225 workers across the globe.
What is Dycom Industries' official website?
How can I contact Dycom Industries?
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]
MarketBeat Community Rating for Dycom Industries (NYSE DY)
MarketBeat's community ratings are surveys of what our community members think about Dycom Industries and other stocks. Vote "Outperform" if you believe DY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DY will underperform the S&P 500 over the long term. You may vote once every thirty days.
