Dycom Industries (NYSE:DY) Issues Q3 2026 Earnings Guidance

Key Points

• Dycom Industries has updated its Q3 2026 earnings guidance, forecasting earnings per share (EPS) of 3.030-3.36, below the consensus estimate of 3.092, and matching revenue guidance of $1.4 billion, compared to a higher consensus estimate of $1.5 billion.
• The company's stock experienced a slight decline of 1.3%, with current trading values showing a market cap of $7.79 billion and trading between a 1-year low of $131.37 and a high of $285.64.
• Multiple brokerages, including JPMorgan and UBS, have raised their target prices for Dycom Industries, indicating a general sentiment of "Buy" or "Overweight" ratings from analysts.

Dycom Industries (NYSE:DY - Get Free Report) updated its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 3.030-3.36 for the period, compared to the consensus EPS estimate of 3.092. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.5 billion. Dycom Industries also updated its FY 2026 guidance to EPS.

Analyst Ratings Changes

Several brokerages have commented on DY. DA Davidson boosted their price target on shares of Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday. Wall Street Zen raised Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday. Zacks Research upgraded Dycom Industries to a "hold" rating in a report on Monday, August 11th. B. Riley lifted their price target on Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, UBS Group boosted their target price on Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $289.43.

Dycom Industries Price Performance

NYSE:DY traded down $4.39 during trading hours on Friday, reaching $257.80. The company had a trading volume of 541,533 shares, compared to its average volume of 413,670. The stock has a 50-day moving average of $255.98 and a two-hundred day moving average of $205.33. Dycom Industries has a one year low of $131.37 and a one year high of $285.64. The firm has a market capitalization of $7.46 billion, a PE ratio of 28.97, a PEG ratio of 1.47 and a beta of 1.34. The company has a quick ratio of 2.68, a current ratio of 3.16 and a debt-to-equity ratio of 0.74.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.41. The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business's revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Analysts forecast that Dycom Industries will post 7.13 earnings per share for the current year.

Institutional Trading of Dycom Industries

Several large investors have recently made changes to their positions in the business. FORA Capital LLC acquired a new position in shares of Dycom Industries during the second quarter valued at $1,077,000. Balyasny Asset Management L.P. increased its holdings in shares of Dycom Industries by 2.5% in the second quarter. Balyasny Asset Management L.P. now owns 3,384 shares of the construction company's stock worth $827,000 after acquiring an additional 84 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Dycom Industries in the second quarter worth about $699,000. Tower Research Capital LLC TRC increased its holdings in shares of Dycom Industries by 244.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,650 shares of the construction company's stock worth $648,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Dycom Industries by 8.9% during the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company's stock worth $547,000 after buying an additional 183 shares in the last quarter. Institutional investors own 98.33% of the company's stock.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.