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

Dycom Industries (NYSE:DY) updated its second quarter 2027 earnings guidance on Wednesday. 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.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $436.00 price target on shares of Dycom Industries in a research note on Friday, March 27th. Bank of America raised their price target on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. raised their price target on Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Zacks Research raised Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and a consensus target price of $431.64.

Dycom Industries Stock Performance

NYSE DY opened at $421.68 on Wednesday. The business’s 50-day simple moving average is $392.07 and its 200-day simple moving average is $372.25. The firm has a market capitalization of $12.66 billion, a P/E ratio of 43.93, a P/E/G ratio of 0.94 and a beta of 1.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. Dycom Industries has a 1-year low of $223.19 and a 1-year high of $464.82.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.91 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.Dycom Industries’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities analysts predict that Dycom Industries will post 12.89 EPS for the current year.

Hedge Funds Weigh In On Dycom Industries

Institutional investors have recently made changes to their positions in the business. Kemnay Advisory Services Inc. acquired a new position in shares of Dycom Industries in the 4th quarter valued at approximately $30,000. Acumen Wealth Advisors LLC acquired a new position in shares of Dycom Industries in the 4th quarter valued at approximately $35,000. IFP Advisors Inc raised its position in shares of Dycom Industries by 400.0% in the 3rd quarter. IFP Advisors Inc now owns 140 shares of the construction company’s stock valued at $41,000 after purchasing an additional 112 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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. Finally, Employees Retirement System of Texas acquired a new position in shares of Dycom Industries in the 3rd quarter valued at approximately $75,000. 98.33% of the stock is owned by institutional investors and hedge funds.

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.