Dycom Industries (NYSE:DY) Announces Earnings Results, Beats Estimates By $0.57 EPS

Dycom Industries (NYSE:DY) issued its quarterly earnings data on Wednesday. The construction company reported $5.29 EPS for the quarter, topping analysts’ consensus estimates of $4.72 by $0.57, FiscalAI reports. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. Dycom Industries updated its Q3 2027 guidance to 4.330-4.790 EPS.

Dycom Industries Stock Down 7.0%

Shares of DY stock opened at $354.42 on Wednesday. Dycom Industries has a twelve month low of $242.55 and a twelve month high of $566.47. The stock has a market cap of $10.64 billion, a P/E ratio of 33.72, a P/E/G ratio of 0.67 and a beta of 1.54. The stock has a 50 day moving average of $427.20 and a 200 day moving average of $415.67. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48.

Institutional Investors Weigh In On Dycom Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in DY. Kemnay Advisory Services Inc. purchased a new position in shares of Dycom Industries during the 4th quarter valued at approximately $30,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Dycom Industries during the 4th quarter valued at about $35,000. EverSource Wealth Advisors LLC increased its stake in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. IFP Advisors Inc raised its holdings in Dycom Industries by 400.0% in the 3rd quarter. IFP Advisors Inc now owns 140 shares of the construction company’s stock worth $41,000 after purchasing an additional 112 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in Dycom Industries during the third quarter worth approximately $75,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries News Summary

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

• Positive Sentiment: Strong quarterly beat: Adjusted EPS was $5.29, exceeding the $4.72 consensus estimate, while contract revenue rose 45.6% year over year to $2.006 billion. Adjusted EBITDA reached $315.5 million, or 15.7% of revenue. Dycom Industries Reports Record Fiscal 2027 Second Quarter Results
• Positive Sentiment: Backlog and outlook remain robust: Total backlog increased 53.2% to $12.242 billion, supported by demand for fiber deployment and data-center infrastructure. Dycom raised fiscal 2027 revenue guidance to $7.5 billion-$7.7 billion, broadly in line with the $7.6 billion analyst consensus, and completed its acquisition of National Technology Integrators. Dycom Earnings and Guidance
• Neutral Sentiment: Routine board change: Director Jennifer Fritzsche resigned, and Dycom announced a related board change. The announcement did not indicate a strategic or operational shift. Dycom Announces Routine Board Change
• Negative Sentiment: Third-quarter guidance fell short on EPS: Dycom forecast adjusted EPS of $4.33-$4.79, with a $4.56 midpoint below the $4.68 consensus estimate. Revenue guidance of $1.9 billion-$2.0 billion was generally consistent with expectations, but the earnings outlook leaves limited room for disappointment.
• Negative Sentiment: High expectations amplified selling pressure: Shares had already declined ahead of the report as investors reduced risk and locked in gains. Although the results were strong, the quarterly EPS outlook and in-line full-year revenue guidance may not have been sufficient to justify the stock’s previously elevated valuation.

Analyst Ratings Changes

A number of research firms have commented on DY. Wedbush set a $654.00 price target on Dycom Industries in a research note on Friday, May 29th. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings raised shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. lifted their price objective on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, KeyCorp boosted their price objective on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $578.09.

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.