Zacks Research Analysts Increase Earnings Estimates for DY

Key Points

• Zacks Research raised its fiscal year 2026 earnings per share (EPS) forecast for Dycom Industries to $9.88, increasing from a previous estimate of $9.48.
• The company reported a Q2 EPS of $3.33, exceeding analyst expectations by $0.41, despite revenues being slightly below consensus estimates at $1.38 billion.
• Several analysts upgraded their ratings for Dycom Industries, with an average price target now at $289.43, reflecting strong investor confidence in the company.

Dycom Industries, Inc. (NYSE:DY - Free Report) - Stock analysts at Zacks Research increased their FY2026 earnings estimates for Dycom Industries in a research report issued to clients and investors on Wednesday, September 10th. Zacks Research analyst Team now anticipates that the construction company will post earnings per share of $9.88 for the year, up from their previous estimate of $9.48. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Dycom Industries' current full-year earnings is $7.13 per share. Zacks Research also issued estimates for Dycom Industries' Q4 2026 earnings at $1.35 EPS, Q1 2027 earnings at $2.07 EPS, Q2 2027 earnings at $3.02 EPS, Q4 2027 earnings at $1.90 EPS, FY2027 earnings at $10.21 EPS, Q1 2028 earnings at $2.20 EPS, Q2 2028 earnings at $3.28 EPS and FY2028 earnings at $11.19 EPS.

Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.41. The business had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.41 billion. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the company 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.

Several other analysts have also commented on DY. DA Davidson lifted their price objective on shares of Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Raymond James Financial upped their target price on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 21st. KeyCorp boosted their price target on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, UBS Group boosted their price target on shares of Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $289.43.

Dycom Industries Stock Down 0.4%

Shares of NYSE DY traded down $1.00 during mid-day trading on Monday, reaching $269.71. 586,338 shares of the company's stock traded hands, compared to its average volume of 369,487. The stock has a market cap of $7.81 billion, a P/E ratio of 30.30, a PEG ratio of 1.30 and a beta of 1.18. The business has a 50-day simple moving average of $261.25 and a 200 day simple moving average of $216.01. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $285.64. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DY. Versant Capital Management Inc bought a new position in shares of Dycom Industries in the 1st quarter worth about $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Dycom Industries in the 2nd quarter worth about $32,000. AlphaQuest LLC bought a new position in shares of Dycom Industries in the 1st quarter worth about $37,000. EverSource Wealth Advisors LLC increased its stake in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company's stock worth $39,000 after acquiring an additional 68 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock valued at $75,000 after purchasing an additional 105 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

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.