Zacks Research Issues Positive Estimate for DY Earnings

Dycom Industries, Inc. (NYSE:DY) – Stock analysts at Zacks Research lifted their Q2 2027 earnings estimates for Dycom Industries in a note issued to investors on Wednesday, June 17th. Zacks Research analyst Team now expects that the construction company will post earnings of $4.38 per share for the quarter, up from their prior forecast of $3.70. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $15.03 per share. Zacks Research also issued estimates for Dycom Industries’ Q3 2027 earnings at $4.42 EPS, Q4 2027 earnings at $2.27 EPS, FY2027 earnings at $15.19 EPS, Q1 2028 earnings at $4.22 EPS, Q2 2028 earnings at $5.78 EPS, Q3 2028 earnings at $6.13 EPS, Q4 2028 earnings at $3.59 EPS, FY2028 earnings at $19.72 EPS, Q1 2029 earnings at $4.79 EPS and FY2029 earnings at $21.90 EPS.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. Dycom Industries’s quarterly revenue was up 56.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS.

DY has been the topic of several other reports. Cantor Fitzgerald boosted their target price on Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Bank of America lifted their price objective on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. UBS Group restated a “buy” rating and issued a $611.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. Guggenheim upped their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company increased their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Price Performance

Dycom Industries stock opened at $456.23 on Monday. The business’s 50 day simple moving average is $438.30 and its 200 day simple moving average is $392.67. Dycom Industries has a 12 month low of $230.00 and a 12 month high of $566.47. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 0.83 and a beta of 1.49. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DY. Northwestern Mutual Wealth Management Co. lifted its stake in Dycom Industries by 265,593,055.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Dycom Industries by 5,603.6% during the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock valued at $139,057,000 after purchasing an additional 398,469 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Dycom Industries by 21.0% in the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after purchasing an additional 229,579 shares during the period. First Trust Advisors LP raised its position in shares of Dycom Industries by 27.8% in the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock worth $270,615,000 after buying an additional 173,528 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Dycom Industries in the third quarter worth $44,553,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

More Dycom Industries News

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Zacks Research lifted Dycom’s long-term earnings outlook, including FY2027 EPS to $15.19 from $12.77, FY2028 EPS to $19.72 from $14.52, and FY2029 EPS to $21.90 from $16.62, which supports a bullish case for the stock.
• Positive Sentiment: The firm also increased quarterly estimates for several future periods, including Q2 2027, Q3 2027, Q1 2028, Q2 2028, Q3 2028, and Q1 2029, suggesting analysts see accelerating demand and stronger operating momentum.
• Neutral Sentiment: A separate commentary piece asked whether Dycom Industries is entering a new growth phase, reinforcing the market’s focus on the company’s multi-year expansion story. Is Dycom Industries (NYSE:DY) Entering A New Growth Phase?

About Dycom Industries

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.