Equities Analysts Offer Predictions for DY Q3 Earnings

Key Points

• Zacks Research raised Dycom Industries’ Q3 2027 EPS estimate to $4.43 from $4.42, while maintaining a “Hold” rating. Its full-year 2027 forecast is $16.38 per share.
• Analyst sentiment remains broadly positive, with 10 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $502.42, despite recent target cuts and a Wall Street Zen downgrade.
• Dycom’s latest quarter exceeded expectations, reporting $5.29 EPS and $2.01 billion in revenue, up 45.6% year over year. The company also authorized a $150 million share repurchase program, while shares recently traded near $291.17.

Dycom Industries, Inc. (NYSE:DY - Free Report) - Research analysts at Zacks Research upped their Q3 2027 earnings per share estimates for Dycom Industries in a research report issued to clients and investors on Wednesday, September 16th. Zacks Research analyst Team now anticipates that the construction company will post earnings per share of $4.43 for the quarter, up from their previous forecast of $4.42. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Dycom Industries' current full-year earnings is $15.82 per share. Zacks Research also issued estimates for Dycom Industries' Q4 2027 earnings at $2.79 EPS, FY2027 earnings at $16.38 EPS, Q1 2028 earnings at $3.86 EPS, Q2 2028 earnings at $5.75 EPS, Q3 2028 earnings at $5.93 EPS, Q4 2028 earnings at $3.48 EPS, FY2028 earnings at $19.04 EPS, Q1 2029 earnings at $4.93 EPS and Q2 2029 earnings at $5.95 EPS.

A number of other equities research analysts have also issued reports on DY. JPMorgan Chase & Co. cut their price objective on shares of Dycom Industries from $650.00 to $570.00 and set an "overweight" rating for the company in a report on Thursday, August 27th. Wall Street Zen downgraded shares of Dycom Industries from a "buy" rating to a "hold" rating in a report on Saturday. Wells Fargo & Company set a $476.00 target price on shares of Dycom Industries in a research report on Thursday, August 27th. Raymond James Financial set a $375.00 target price on shares of Dycom Industries in a research note on Thursday, September 3rd. Finally, Wedbush set a $654.00 price target on shares of Dycom Industries in a report on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $502.42.

Dycom Industries Stock Down 0.2%

NYSE DY opened at $291.17 on Monday. The stock's 50 day moving average is $368.31 and its 200 day moving average is $400.10. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. Dycom Industries has a 12 month low of $266.09 and a 12 month high of $566.47. The stock has a market cap of $8.78 billion, a PE ratio of 26.49, a P/E/G ratio of 0.50 and a beta of 1.49.

Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, beating analysts' consensus estimates of $4.72 by $0.57. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same period last year, the firm earned $3.33 earnings per share. The business's quarterly revenue was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS.

Dycom Industries announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 26th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 1.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Activity at Dycom Industries

In related news, Director David Fallon acquired 700 shares of Dycom Industries stock in a transaction on Tuesday, September 1st. The shares were bought at an average cost of $286.92 per share, with a total value of $200,844.00. Following the completion of the purchase, the director directly owned 1,043 shares of the company's stock, valued at $299,257.56. The trade was a 204.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.22% of the company's stock.

Hedge Funds Weigh In On Dycom Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP purchased a new stake in Dycom Industries during the 2nd quarter valued at $35,000. Harbor Investment Advisory LLC bought a new stake in Dycom Industries in the second quarter worth $52,000. Continuum Advisory LLC purchased a new position in Dycom Industries during the second quarter worth $59,000. Nemes Rush Group LLC purchased a new position in Dycom Industries during the fourth quarter worth $40,000. Finally, Clearstead Advisors LLC increased its position in Dycom Industries by 212.8% during the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the construction company's stock valued at $41,000 after acquiring an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.

More Dycom Industries News

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Zacks Research raised its fiscal 2027 EPS forecast to $16.38 from $15.18, while also making smaller increases to estimates for the third quarter of fiscal 2027 and the fourth quarter of fiscal 2027. Zacks maintained a “Hold” rating.
• Positive Sentiment: Zacks lifted its Q2 2029 EPS estimate to $5.95 from $5.86 and its Q1 2029 forecast to $4.93 from $4.79, suggesting improved longer-term earnings expectations.
• Positive Sentiment: Guggenheim reaffirmed a “Buy” rating on Dycom Industries (DY), supporting the bullish case for the telecommunications and infrastructure contractor. Guggenheim Reaffirms Buy Rating for Dycom Industries
• Neutral Sentiment: Zacks continues to project strong earnings growth, with fiscal 2028 EPS estimated at $19.04 and fiscal 2029 quarterly estimates ranging from $4.93 to $5.95. However, these are forward-looking estimates and do not represent new company guidance.
• Negative Sentiment: Zacks reduced its fiscal 2028 EPS forecast to $19.04 from $19.71. Estimates were also lowered for Q1 2028, Q2 2028, Q3 2028 and Q4 2028, indicating some moderation in expected profitability beyond fiscal 2027.
• Negative Sentiment: Wall Street Zen downgraded Dycom Industries to “Hold,” adding a more cautious signal alongside Zacks’ existing Hold rating. Wall Street Zen Downgrades Dycom Industries to Hold

About Dycom Industries

Dycom Industries, Inc is a specialty contractor that provides infrastructure construction and maintenance services for the telecommunications and utility industries. The company supports the expansion, upgrade and upkeep of communications networks, including fiber-optic, broadband, wireless and other voice and data systems.

Its services include engineering and design, aerial and underground construction, fiber and cable installation, wireless infrastructure deployment, network maintenance, utility locating, vegetation management and emergency restoration.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.