Dycom Industries (NYSE:DY) Announces Earnings Results, Beats Estimates By $0.41 EPS

Key Points

• Dycom Industries reported quarterly earnings of $3.33 EPS, exceeding analysts' expectations of $2.86 by $0.47, and updated its FY 2026 guidance for earnings.
• The company's market capitalization stands at $7.79 billion, with a current stock price opening at $269.46 and notable performance reflected in a debt-to-equity ratio of 0.80.
• Several analysts have upgraded their ratings for Dycom Industries, with the consensus price target now at $264.63, while institutional investors own 98.33% of the company's stock.

Dycom Industries (NYSE:DY - Get Free Report) posted its quarterly earnings data on Wednesday. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.41, Zacks reports. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $2.46 earnings per share. Dycom Industries updated its FY 2026 guidance to EPS and its Q3 2026 guidance to 3.030-3.36 EPS.

Dycom Industries Trading Down 1.7%

Shares of NYSE DY traded down $4.39 during midday trading on Friday, reaching $257.80. The company had a trading volume of 541,533 shares, compared to its average volume of 413,670. Dycom Industries has a one year low of $131.37 and a one year high of $285.64. The company has a quick ratio of 2.68, a current ratio of 3.16 and a debt-to-equity ratio of 0.74. The firm's fifty day moving average price is $255.98 and its 200-day moving average price is $205.33. The stock has a market cap of $7.46 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Zacks Research raised Dycom Industries to a "hold" rating in a research note on Monday, August 11th. DA Davidson lifted their price target on Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday. Wells Fargo & Company lifted their price target on Dycom Industries from $250.00 to $295.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Raymond James Financial lifted their price target on Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on Dycom Industries from $250.00 to $275.00 and gave the stock an "overweight" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Dycom Industries presently has a consensus rating of "Buy" and a consensus price target of $289.43.

Institutional Investors Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. FORA Capital LLC bought a new stake in shares of Dycom Industries in the 2nd quarter valued at about $1,077,000. Balyasny Asset Management L.P. lifted its stake in shares of Dycom Industries by 2.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,384 shares of the construction company's stock valued at $827,000 after acquiring an additional 84 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Dycom Industries in the 2nd quarter valued at about $699,000. Tower Research Capital LLC TRC lifted its stake in shares of Dycom Industries by 244.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,650 shares of the construction company's stock valued at $648,000 after acquiring an additional 1,880 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Dycom Industries by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company's stock valued at $547,000 after acquiring an additional 183 shares during the last quarter. Institutional investors own 98.33% of the company's stock.

Dycom Industries Company Profile

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.