Dycom Industries (NYSE:DY) Posts Quarterly Earnings Results, Beats Estimates By $0.47 EPS

Dycom Industries (NYSE:DY - Get Free Report) announced its earnings results on Wednesday. The construction company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.47, RTT News reports. Dycom Industries had a return on equity of 20.99% and a net margin of 4.91%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company posted $2.12 earnings per share. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. Dycom Industries updated its FY 2026 guidance to EPS and its Q2 2026 guidance to 2.740-3.050 EPS.

Dycom Industries Trading Up 0.8%

Shares of Dycom Industries stock traded up $1.76 during trading hours on Monday, hitting $225.97. The company's stock had a trading volume of 793,240 shares, compared to its average volume of 415,188. The company has a market capitalization of $6.50 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. The stock has a 50 day moving average of $168.44 and a 200 day moving average of $174.80. Dycom Industries has a 12 month low of $131.37 and a 12 month high of $228.66.

Dycom Industries declared that its board has initiated a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

DY has been the subject of several recent research reports. B. Riley boosted their price objective on Dycom Industries from $200.00 to $265.00 and gave the stock a "buy" rating in a report on Friday. Raymond James lifted their price target on shares of Dycom Industries from $215.00 to $255.00 and gave the stock a "strong-buy" rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Dycom Industries from $200.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday. UBS Group lifted their target price on shares of Dycom Industries from $234.00 to $258.00 and gave the stock a "buy" rating in a report on Thursday. Finally, KeyCorp dropped their price objective on Dycom Industries from $201.00 to $183.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $236.88.

Hedge Funds Weigh In On Dycom Industries

A hedge fund recently raised its stake in Dycom Industries stock. Jones Financial Companies Lllp increased its holdings in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 4,626.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,174 shares of the construction company's stock after purchasing an additional 2,128 shares during the quarter. Jones Financial Companies Lllp's holdings in Dycom Industries were worth $331,000 as of its most recent SEC filing. 98.33% of the stock is owned by institutional investors.

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.