Zacks Research Issues Positive Outlook for DY Earnings

Dycom Industries, Inc. (NYSE:DY) – Equities researchers at Zacks Research upped their Q3 2027 earnings per share estimates for shares of Dycom Industries in a research report issued to clients and investors on Tuesday, April 7th. Zacks Research analyst Team now anticipates that the construction company will post earnings per share of $4.06 for the quarter, up from their previous estimate of $4.05. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $7.13 per share. Zacks Research also issued estimates for Dycom Industries’ Q4 2027 earnings at $2.47 EPS and Q2 2028 earnings at $4.23 EPS.

A number of other brokerages have also recently commented on DY. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $436.00 price objective on shares of Dycom Industries in a research note on Friday, March 27th. Guggenheim started coverage on Dycom Industries in a research note on Thursday, January 22nd. They set a “buy” rating and a $510.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. KeyCorp lifted their price objective on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $431.64.

Dycom Industries Stock Up 6.8%

NYSE DY opened at $381.13 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. Dycom Industries has a 52 week low of $139.79 and a 52 week high of $445.52. The stock has a fifty day moving average of $379.83 and a 200-day moving average of $343.03. The stock has a market capitalization of $11.42 billion, a P/E ratio of 39.70, a price-to-earnings-growth ratio of 0.81 and a beta of 1.38.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.91 by $0.12. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The business’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period last year, the firm earned $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its stake in Dycom Industries by 1.8% in the fourth quarter. Hsbc Holdings PLC now owns 4,298 shares of the construction company’s stock valued at $1,467,000 after acquiring an additional 78 shares during the period. Tulsa Wealth Advisors INC bought a new stake in shares of Dycom Industries in the fourth quarter valued at about $553,000. Mariner Investment Group LLC bought a new stake in shares of Dycom Industries in the fourth quarter valued at about $1,014,000. Pacer Advisors Inc. bought a new stake in shares of Dycom Industries in the fourth quarter valued at about $1,150,000. Finally, Virtu Financial LLC bought a new stake in shares of Dycom Industries in the fourth quarter valued at about $2,634,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the transaction, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.72% of the company’s stock.

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.