Dycom Industries Stock Price, News & Analysis (NYSE:DY)

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

Dycom Industries declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 29th 2018, which permits the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Dycom Industries, Inc. (NYSE:DY) announced its quarterly earnings results on Wednesday, August, 28th. The construction company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.25. The construction company had revenue of $884.20 million for the quarter, compared to analysts' expectations of $857.82 million. Dycom Industries had a net margin of 1.81% and a return on equity of 10.45%. The business's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. View Dycom Industries' Earnings History.

Dycom Industries is scheduled to release their next quarterly earnings announcement on Tuesday, November 19th 2019. View Earnings Estimates for Dycom Industries.

Dycom Industries updated its third quarter earnings guidance on Wednesday, August, 28th. The company provided earnings per share (EPS) guidance of $0.60-0.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.90. The company issued revenue guidance of $820-870 million, compared to the consensus revenue estimate of $882.91 million.

7 brokerages have issued twelve-month target prices for Dycom Industries' shares. Their predictions range from $50.00 to $65.00. On average, they expect Dycom Industries' share price to reach $59.43 in the next year. This suggests a possible upside of 22.1% 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.

Media stories about DY stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Dycom Industries earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave media coverage about the construction company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Dycom Industries.

Dycom Industries saw a increase in short interest in September. As of September 15th, there was short interest totalling 2,480,000 shares, an increase of 12.2% from the August 15th total of 2,210,000 shares. Based on an average daily volume of 373,500 shares, the days-to-cover ratio is currently 6.6 days. Approximately 8.2% of the company's shares are short sold. View Dycom Industries' Current Options Chain.

Some companies that are related to Dycom Industries include MasTec (MTZ), Primoris Services (PRIM), Aegion (AEGN), MYR Group (MYRG) and Preformed Line Products (PLPC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Dycom Industries investors own include Gilead Sciences (GILD), Broadcom (AVGO), NVIDIA (NVDA), QUALCOMM (QCOM), Micron Technology (MU), Skyworks Solutions (SWKS), Walt Disney (DIS), Edwards Lifesciences (EW), Intel (INTC) and Lam Research (LRCX).

Dycom Industries' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.74%), Scout Investments Inc. (0.38%), Townsend & Associates Inc (0.08%), Pacer Advisors Inc. (0.04%) and State of Alaska Department of Revenue (0.02%). 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 Scout Investments Inc. and Pacer Advisors Inc.. View Insider Buying and Selling for Dycom Industries.

DY stock was bought by a variety of institutional investors in the last quarter, including Townsend & Associates Inc, Peregrine Capital Management LLC and State of Alaska Department of Revenue. 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 $48.69.

Dycom Industries has a market capitalization of $1.53 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]