Dycom Industries (NYSE:DY) Updates Q2 2027 Earnings Guidance

Dycom Industries (NYSE:DY) issued an update on its second quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.400-4.820 for the period, compared to the consensus earnings per share estimate of 4.000. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $1.8 billion. Dycom Industries also updated its FY 2027 guidance to EPS.

Dycom Industries Trading Up 24.8%

NYSE:DY opened at $524.75 on Thursday. The company has a market capitalization of $15.75 billion, a PE ratio of 54.66, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51. Dycom Industries has a 52-week low of $225.30 and a 52-week high of $566.47. The stock has a fifty day simple moving average of $395.39 and a 200-day simple moving average of $373.96.

Dycom Industries (NYSE:DY) last released 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 business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The business’s revenue was up 56.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities research analysts expect that Dycom Industries will post 12.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DY shares. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. UBS Group set a $475.00 target price on shares of Dycom Industries and gave the company a “buy” rating in a research note on Friday, March 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $436.00 target price on shares of Dycom Industries in a research note on Friday, March 27th. Bank of America boosted their target price on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, KeyCorp boosted their target price on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and an average target price of $431.64.

Key Stories Impacting Dycom Industries

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

• Positive Sentiment: Dycom reported record Q1 contract revenues of $1.965 billion, up 56.1% year over year, and adjusted EPS of $4.42, far above estimates of $2.73. Article Title
• Positive Sentiment: The company raised full-year fiscal 2027 guidance, with revenue now expected at $7.38 billion to $7.65 billion and Q2 EPS guidance of $4.40 to $4.82, both above Wall Street expectations. Article Title
• Positive Sentiment: Backlog jumped 46.5% to $11.906 billion, signaling strong future demand, and Dycom also announced the acquisition of National Technology Integrators to expand its data center infrastructure business. Article Title
• Neutral Sentiment: Several articles recapped the earnings call and highlighted investor interest in Dycom’s telecom and fiber infrastructure exposure, but these were mostly summaries rather than new catalysts. Article Title
• Neutral Sentiment: The company also announced upcoming participation in institutional investor events, which supports visibility but is unlikely to be a major near-term stock driver. Article Title

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Peconic Partners LLC increased its stake in shares of Dycom Industries by 2.8% during the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after acquiring an additional 105,586 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Dycom Industries by 3.4% during the 4th quarter. First Trust Advisors LP now owns 625,171 shares of the construction company’s stock valued at $211,245,000 after acquiring an additional 20,306 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Dycom Industries by 24.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock valued at $188,725,000 after acquiring an additional 110,065 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Dycom Industries by 15.2% during the 3rd quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock valued at $103,349,000 after acquiring an additional 46,680 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Dycom Industries by 8.8% during the 3rd quarter. Invesco Ltd. now owns 247,042 shares of the construction company’s stock valued at $72,077,000 after acquiring an additional 19,915 shares during the last quarter. Institutional investors and hedge funds own 98.33% 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.