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

Dycom Industries (NYSE:DY) issued an update on its second quarter 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.400-4.820 for the period, compared to the consensus EPS 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.

Dycom Industries Trading Up 2.5%

DY opened at $421.68 on Wednesday. The firm has a market cap 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. Dycom Industries has a 12 month low of $223.19 and a 12 month high of $464.82. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. The stock has a 50-day moving average of $392.07 and a 200 day moving average of $372.25.

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 company had revenue of $1.46 billion during 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%.The firm’s revenue was up 34.4% on a year-over-year basis. During the same quarter last year, the business posted $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, research analysts forecast that Dycom Industries will post 12.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group set a $475.00 target price on Dycom Industries and gave the company a “buy” rating in a research report on Friday, March 6th. KeyCorp boosted their target price on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Weiss Ratings lowered Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. boosted their target price on Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Finally, Zacks Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and an average target price of $431.64.

Institutional Trading of Dycom Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Peconic Partners LLC raised its stake in shares of Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after acquiring an additional 105,586 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Dycom Industries by 3.4% during the fourth quarter. First Trust Advisors LP now owns 625,171 shares of the construction company’s stock valued at $211,245,000 after acquiring an additional 20,306 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Dycom Industries by 24.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock worth $188,725,000 after buying an additional 110,065 shares in the last quarter. Bank of America Corp DE raised its stake in Dycom Industries by 15.2% in the third quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock worth $103,349,000 after buying an additional 46,680 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Dycom Industries by 8.8% in the third quarter. Invesco Ltd. now owns 247,042 shares of the construction company’s stock worth $72,077,000 after buying an additional 19,915 shares in 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.