Dycom Industries (NYSE:DY) Releases Q1 2027 Earnings Guidance

Dycom Industries (NYSE:DY) updated its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.570-2.90 for the period, compared to the consensus estimate of 2.670. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion. Dycom Industries also updated its FY 2027 guidance to EPS.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America upped their price target on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, January 21st. Wells Fargo & Company increased their price target on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Zacks Research lowered shares of Dycom Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Finally, Vertical Research initiated coverage on shares of Dycom Industries in a report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dycom Industries currently has a consensus rating of “Moderate Buy” and an average price target of $406.20.

Dycom Industries Stock Performance

Shares of DY stock opened at $402.61 on Wednesday. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $380.94 and a 200-day moving average price of $325.99. Dycom Industries has a 52 week low of $131.37 and a 52 week high of $445.52. The firm has a market capitalization of $11.66 billion, a PE ratio of 39.63, a P/E/G ratio of 1.38 and a beta of 1.34.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.37. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, equities research analysts expect that Dycom Industries will post 7.13 earnings per share for the current year.

Insider Activity at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the transaction, the director directly owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dycom Industries

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of Dycom Industries by 4.8% during the 2nd quarter. Bank of America Corp DE now owns 307,545 shares of the construction company’s stock valued at $75,161,000 after purchasing an additional 14,147 shares during the period. AQR Capital Management LLC increased its stake in Dycom Industries by 97.7% in the 2nd quarter. AQR Capital Management LLC now owns 37,356 shares of the construction company’s stock worth $9,129,000 after buying an additional 18,460 shares in the last quarter. Ausdal Financial Partners Inc. purchased a new position in shares of Dycom Industries in the second quarter valued at about $356,000. Canada Pension Plan Investment Board boosted its stake in shares of Dycom Industries by 97.6% in the second quarter. Canada Pension Plan Investment Board now owns 83,800 shares of the construction company’s stock worth $20,480,000 after acquiring an additional 41,400 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in Dycom Industries during the 2nd quarter valued at approximately $309,000. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Company Profile

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.