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 announced that its board has initiated a stock repurchase program 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 stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Dycom Industries, Inc. (NYSE:DY) released its earnings results on Wednesday, February, 26th. The construction company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.20. The construction company had revenue of $737.60 million for the quarter, compared to the consensus estimate of $725.53 million. Dycom Industries had a net margin of 1.68% and a return on equity of 9.87%. Dycom Industries's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. View Dycom Industries' Earnings History.

Dycom Industries is scheduled to release their next quarterly earnings announcement on Tuesday, May 19th 2020. View Earnings Estimates for Dycom Industries.

Dycom Industries updated its first quarter earnings guidance on Wednesday, February, 26th. The company provided earnings per share (EPS) guidance of (0.09)-0.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35. The company issued revenue guidance of $730-$780 million, compared to the consensus revenue estimate of $801.42 million.

7 equities research analysts have issued 1-year target prices for Dycom Industries' shares. Their forecasts range from $38.00 to $65.00. On average, they expect Dycom Industries' stock price to reach $55.43 in the next twelve months. This suggests a possible upside of 71.2% 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 headlines about DY stock have been trending very negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Dycom Industries earned a coverage optimism score of -3.7 on InfoTrie's scale. They also gave media headlines about the construction company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Dycom Industries.

Dycom Industries saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 4,030,000 shares, an increase of 19.9% from the January 30th total of 3,360,000 shares. Based on an average trading volume of 376,400 shares, the days-to-cover ratio is currently 10.7 days. Currently, 13.4% of the company's stock are sold short. 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), Primoris Services (PRIM), Granite Construction (GVA), Argan (AGX), Great Lakes Dredge & Dock (GLDD), Aegion (AEGN) 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 salesforce.com (CRM).

Dycom Industries' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Schroder Investment Management Group (2.27%), Geode Capital Management LLC (1.30%), Investment Counselors of Maryland LLC (1.22%), Charles Schwab Investment Management Inc. (1.16%), WCM Investment Management LLC (0.90%) and Chartwell Investment Partners LLC (0.85%). 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, Phoenix Holdings Ltd., Chartwell Investment Partners LLC, Alliancebernstein L.P., Envestnet Asset Management Inc., Falcon Point Capital LLC and Russell Investments Group Ltd.. View Insider Buying and Selling for Dycom Industries.

DY stock was purchased 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 $32.37.

Dycom Industries has a market capitalization of $1.02 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]