Zacks Research Issues Positive Outlook for DY Earnings

Dycom Industries, Inc. (NYSE:DY) – Zacks Research boosted their Q3 2027 earnings per share estimates for Dycom Industries in a report issued on Tuesday, April 7th. Zacks Research analyst Team now expects that the construction company will post earnings of $4.06 per share for the quarter, up from their prior forecast 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.

DY has been the topic of several other research reports. JPMorgan Chase & Co. upped their target price on Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. B. Riley Financial upped their target price on Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. UBS Group set a $475.00 target price on Dycom Industries and gave the stock a “buy” rating in a report on Friday, March 6th. KeyCorp upped their target price on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Finally, Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Dycom Industries has an average rating of “Buy” and an average price target of $431.64.

Dycom Industries Stock Performance

DY opened at $381.13 on Thursday. Dycom Industries has a 52-week low of $139.79 and a 52-week high of $445.52. The firm has a market capitalization of $11.42 billion, a PE ratio of 39.70, a PEG ratio of 0.81 and a beta of 1.38. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The business’s 50-day simple moving average is $379.83 and its 200 day simple moving average is $343.03.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 15,997 shares in the company, valued at $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.72% of the stock is owned by corporate insiders.

Institutional Trading of Dycom Industries

Several institutional investors and hedge funds have recently bought and sold shares of DY. Root Financial Partners LLC bought a new stake in Dycom Industries in the third quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in Dycom Industries in the fourth quarter valued at approximately $30,000. Optiver Holding B.V. raised its stake in Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Dycom Industries in the fourth quarter valued at approximately $32,000. Finally, CI Investments Inc. grew its position in shares of Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the last quarter. Institutional investors 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.