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 of Directors has initiated a stock buyback plan on Wednesday, August 29th 2018, which allows the company to buyback $150,000,000.00 in outstanding 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 usually an indication that the company's leadership believes its stock is undervalued.

Dycom Industries, Inc. (NYSE:DY) released its earnings results on Wednesday, February, 26th. The construction company reported ($0.23) EPS for the quarter, missing the Zacks' consensus estimate of ($0.03) by $0.20. The construction company earned $737.60 million during the quarter, compared to the consensus estimate of $725.53 million. Dycom Industries had a return on equity of 9.87% and a net margin of 1.68%. Dycom Industries's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. 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 guidance of (0.09)-0.08 for the period, compared to the Thomson Reuters consensus estimate of $0.35. The company issued revenue guidance of $730-$780 million, compared to the consensus revenue estimate of $801.42 million.

7 brokers 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' share price to reach $55.43 in the next twelve months. This suggests a possible upside of 73.0% 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.

Press coverage about DY stock has trended extremely negative on Thursday, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Dycom Industries earned a coverage optimism score of -4.2 on InfoTrie's scale. They also gave news coverage about the construction company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Dycom Industries.

Dycom Industries saw a increase in short interest in 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 daily volume of 376,400 shares, the short-interest ratio is presently 10.7 days. Approximately 13.4% of the shares of the 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), salesforce.com (CRM), Cisco Systems (CSCO), NVIDIA (NVDA), AbbVie (ABBV), Bank of America (BAC) and Walt Disney (DIS).

Dycom Industries' stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 acquired 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 $32.04.

Dycom Industries has a market capitalization of $1.01 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]