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

Dycom Industries' stock was trading at $18.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DY shares have increased by 42.1% and is now trading at $25.63. View which stocks have been mosted impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dycom Industries in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Dycom Industries.

Dycom Industries is scheduled to release its next quarterly earnings announcement on Tuesday, May 19th 2020. View our earnings forecast for Dycom Industries.

Dycom Industries, Inc. (NYSE:DY) issued its earnings results on Wednesday, February, 26th. The construction company reported ($0.23) EPS for the quarter, missing the Thomson Reuters' 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 8.46% and a net margin of 1.71%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. View Dycom Industries' earnings history.

Dycom Industries declared that its Board of Directors has authorized 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 buy up to 6.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

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 earnings per share estimate of $0.35. The company issued revenue guidance of $730-$780 million, compared to the consensus revenue estimate of $801.42 million.

9 brokers have issued 1 year price objectives for Dycom Industries' stock. Their forecasts range from $31.00 to $65.00. On average, they expect Dycom Industries' stock price to reach $49.00 in the next twelve months. This suggests a possible upside of 91.2% from the stock's current price. View analysts' price targets for Dycom Industries.

Headlines about DY stock have been trending very negative recently, according to InfoTrie. The research group rates the sentiment of news 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 positive five, with scores nearest to five being the most favorable. Dycom Industries earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned news stories about the construction company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutDycom Industries.

Dycom Industries saw a decline in short interest in March. As of March 13th, there was short interest totaling 3,779,200 shares, a decline of 11.1% from the February 27th total of 4,250,000 shares. Based on an average trading volume of 561,300 shares, the short-interest ratio is presently 6.7 days. Currently, 12.5% of the company's shares 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), KBR (KBR), MasTec (MTZ), Comfort Systems USA (FIX), Fluor Co. (NEW) (FLR), Ameresco (AMRC), Primoris Services (PRIM), Granite Construction (GVA), Argan (AGX), Great Lakes Dredge & Dock (GLDD), Aegion (AEGN) and MYR Group (MYRG).

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), AbbVie (ABBV), Bank of America (BAC), Walt Disney (DIS), Intel (INTC) and salesforce.com (CRM).

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

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 $25.63.

Dycom Industries has a market capitalization of $809.40 million and generates $3.34 billion in revenue each year. The construction company earns $57.22 million in net income (profit) each year or $2.27 on an earnings per share basis. Dycom Industries employs 15,230 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]