Dycom Industries (NYSE:DY) Issues Q3 2027 Earnings Guidance

Dycom Industries (NYSE:DY) issued an update on its third quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.330-4.790 for the period, compared to the consensus estimate of 4.680. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $1.9 billion. Dycom Industries also updated its FY 2027 guidance to EPS.

Dycom Industries Stock Performance

NYSE DY opened at $308.19 on Friday. The company has a market capitalization of $9.26 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 0.55 and a beta of 1.54. Dycom Industries has a twelve month low of $242.55 and a twelve month high of $566.47. The company has a current ratio of 2.35, a quick ratio of 2.46 and a debt-to-equity ratio of 1.35. The business’s 50-day moving average price is $421.24 and its 200 day moving average price is $414.57.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $0.57. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $3.33 earnings per share. Dycom Industries’s revenue was up 45.6% compared to the same quarter last year. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, research analysts predict that Dycom Industries will post 15.45 earnings per share for the current year.

Dycom Industries declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 26th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 1.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DY. Weiss Ratings raised shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. UBS Group reduced their target price on Dycom Industries from $611.00 to $525.00 and set a “buy” rating on the stock in a report on Thursday. Cantor Fitzgerald reduced their price target on shares of Dycom Industries from $654.00 to $476.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company set a $476.00 target price on Dycom Industries in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $514.00.

Dycom Industries News Summary

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

• Positive Sentiment: Dycom reported fiscal Q2 EPS of $5.29, above the roughly $4.62–$4.72 analyst consensus, while revenue reached approximately $2.01 billion, up 45.6% year over year and ahead of estimates. EBITDA was also stronger than expected at $315.5 million. Dycom Industries Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The company raised its fiscal 2027 revenue outlook to approximately $7.5 billion–$7.7 billion, supported by strong fiber, data-center and Building Systems demand. Dycom also cited a record $12.2 billion backlog, improving long-term revenue visibility. DY Q2 Earnings Call Focuses on Fiber Demand and Higher Outlook
• Positive Sentiment: The board authorized a new $150 million share-repurchase program, covering up to approximately 1.4% of outstanding shares. The buyback may support earnings per share and signals management believes the stock is undervalued. Stock Buyback Program Declared by Dycom Industries Board
• Neutral Sentiment: JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald all reduced their price targets following the earnings report, but each maintained a positive rating ranging from “buy” to “overweight.” The revisions reflect greater near-term caution rather than a change to the longer-term investment thesis.
• Negative Sentiment: Fiscal Q3 EPS guidance of $4.33–$4.79 was below the approximately $4.68 consensus midpoint and raised concerns about near-term profitability. Dycom also expects about $150 million of wireless work to shift into fiscal 2028, contributing to the earnings-guidance shortfall. Analysts Cut Forecasts Following Q2 Results

Institutional Trading of Dycom Industries

A number of hedge funds have recently made changes to their positions in DY. Kemnay Advisory Services Inc. acquired a new stake in Dycom Industries in the fourth quarter valued at $30,000. Acumen Wealth Advisors LLC bought a new position in Dycom Industries during the 4th quarter valued at $35,000. IFP Advisors Inc grew its holdings in Dycom Industries by 400.0% during the 3rd quarter. IFP Advisors Inc now owns 140 shares of the construction company’s stock worth $41,000 after acquiring an additional 112 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Dycom Industries in the 3rd quarter worth about $75,000. 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.