Earnings Report: Here’s what to expect from Dycom Industries Stock Forecast, Price & News (NYSE:DY)

0
165

Earnings results for Dycom Industries Stock Forecast, Price & News (NYSE:DY)

Dycom Industries, Inc. is expected* to report earnings on 08/26/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.69. The reported EPS for the same quarter last year was $1.09.

Dycom Industries last issued its earnings data on May 19th, 2020. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.42. The firm had revenue of $814.30 million for the quarter, compared to analyst estimates of $747.03 million. Its revenue was down 2.3% compared to the same quarter last year. Dycom Industries has generated $2.27 earnings per share over the last year and currently has a price-to-earnings ratio of 152.4. Dycom Industries has confirmed that its next quarterly earnings report will be published on Wednesday, August 26th, 2020.

Analyst Opinion on Dycom Industries Stock Forecast, Price & News (NYSE:DY)

8 Wall Street analysts have issued ratings and price targets for Dycom Industries in the last 12 months. Their average twelve-month price target is $45.92, predicting that the stock has a possible downside of 5.83%. The high price target for DY is $52.50 and the low price target for DY is $35.00. There are currently 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Dycom Industries has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $45.92, Dycom Industries has a forecasted downside of 5.8% from its current price of $48.76. Dycom Industries has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Dycom Industries Stock Forecast, Price & News (NYSE:DY)

Dycom Industries does not currently pay a dividend. Dycom Industries does not have a long track record of dividend growth.

Insiders buying/selling: Dycom Industries Stock Forecast, Price & News (NYSE:DY)

In the past three months, Dycom Industries insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,229,900.00 in company stock. Only 5.66% of the stock of Dycom Industries is held by insiders. 98.66% of the stock of Dycom Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Dycom Industries Stock Forecast, Price & News (NYSE:DY

Earnings for Dycom Industries are expected to grow by 33.66% in the coming year, from $2.05 to $2.74 per share. The P/E ratio of Dycom Industries is 152.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.60. The P/E ratio of Dycom Industries is 152.38, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 29.75. Dycom Industries has a P/B Ratio of 1.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

More latest stories: here