Q3 EPS Estimate for Dycom Industries Increased by Analyst

Dycom Industries, Inc. (NYSE:DY) – Research analysts at Zacks Research raised their Q3 2027 EPS estimates for shares of Dycom Industries in a research report issued to clients and investors on Wednesday, September 16th. Zacks Research analyst Team now expects that the construction company will earn $4.43 per share for the quarter, up from their previous estimate of $4.42. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $15.82 per share. Zacks Research also issued estimates for Dycom Industries’ Q4 2027 earnings at $2.79 EPS, FY2027 earnings at $16.38 EPS, Q1 2028 earnings at $3.86 EPS, Q2 2028 earnings at $5.75 EPS, Q3 2028 earnings at $5.93 EPS, Q4 2028 earnings at $3.48 EPS, FY2028 earnings at $19.04 EPS, Q1 2029 earnings at $4.93 EPS and Q2 2029 earnings at $5.95 EPS.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $4.72 by $0.57. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm posted $3.33 earnings per share. The company’s quarterly revenue was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS.

Other analysts have also issued research reports about the company. Wedbush set a $654.00 target price on Dycom Industries in a report on Friday, May 29th. Wall Street Zen lowered Dycom Industries from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group restated a “buy” rating on shares of Dycom Industries in a report on Thursday. Wells Fargo & Company set a $476.00 price target on shares of Dycom Industries in a research note on Thursday, August 27th. Finally, B. Riley Financial raised their target price on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Dycom Industries presently has an average rating of “Moderate Buy” and a consensus target price of $502.92.

Dycom Industries Stock Performance

Shares of NYSE:DY opened at $291.54 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.35. The firm’s 50 day simple moving average is $365.92 and its 200-day simple moving average is $399.32. The firm has a market cap of $8.79 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 0.50 and a beta of 1.49. Dycom Industries has a one year low of $266.09 and a one year high of $566.47.

Dycom Industries announced that its board has initiated a stock buyback plan on Wednesday, August 26th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 1.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at Dycom Industries

In other Dycom Industries news, Director David Fallon bought 700 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average price of $286.92 per share, for a total transaction of $200,844.00. Following the transaction, the director directly owned 1,043 shares of the company’s stock, valued at approximately $299,257.56. This represents a 204.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dycom Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its stake in Dycom Industries by 25.2% in the 2nd quarter. Tidal Investments LLC now owns 48,093 shares of the construction company’s stock worth $24,315,000 after purchasing an additional 9,691 shares in the last quarter. WINTON GROUP Ltd lifted its holdings in Dycom Industries by 173.3% in the second quarter. WINTON GROUP Ltd now owns 1,640 shares of the construction company’s stock valued at $829,000 after acquiring an additional 1,040 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Dycom Industries during the 2nd quarter worth $91,000. NewEdge Advisors LLC lifted its position in Dycom Industries by 1,124.4% in the second quarter. NewEdge Advisors LLC now owns 551 shares of the construction company’s stock valued at $279,000 after buying an additional 506 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Dycom Industries by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 8,283 shares of the construction company’s stock worth $4,188,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Company Profile

Dycom Industries, Inc is a specialty contractor that provides infrastructure construction and maintenance services for the telecommunications and utility industries. The company supports the expansion, upgrade and upkeep of communications networks, including fiber-optic, broadband, wireless and other voice and data systems.

Its services include engineering and design, aerial and underground construction, fiber and cable installation, wireless infrastructure deployment, network maintenance, utility locating, vegetation management and emergency restoration.