Zacks Research Has Bullish Forecast for DY FY2026 Earnings

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) - Zacks Research boosted their FY2026 earnings per share (EPS) estimates for Dycom Industries in a report issued on Wednesday, September 10th. Zacks Research analyst Team now forecasts that the construction company will post earnings of $9.88 per share for the year, up from their prior 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 released its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.41. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the company posted $2.46 EPS. The company's revenue was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS.

Other equities analysts have also issued reports about the company. Wall Street Zen upgraded Dycom Industries from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. KeyCorp increased their price target on Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Raymond James Financial boosted their price objective on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 21st. UBS Group increased their price objective on shares of Dycom Industries from $288.00 to $296.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company boosted their price objective on Dycom Industries from $250.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Dycom Industries presently has a consensus rating of "Buy" and an average price target of $289.43.

Dycom Industries Price Performance

Shares of DY stock opened at $258.44 on Monday. The firm's 50 day moving average price is $260.17 and its two-hundred day moving average price is $213.20. The stock has a market cap of $7.48 billion, a PE ratio of 29.04, a PEG ratio of 1.24 and a beta of 1.18. Dycom Industries has a 52-week low of $131.37 and a 52-week high of $285.64. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16.

Institutional Trading of Dycom Industries

A number of hedge funds have recently bought and sold shares of DY. Versant Capital Management Inc purchased a new stake in Dycom Industries during the 1st quarter worth about $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in Dycom Industries in the second quarter worth $32,000. AlphaQuest LLC purchased a new stake in shares of Dycom Industries during the first quarter valued at approximately $37,000. EverSource Wealth Advisors LLC grew its stake in shares of Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company's stock worth $39,000 after purchasing an additional 68 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Dycom Industries by 27.1% during the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock valued at $75,000 after buying an additional 105 shares during the period. 98.33% of the stock is currently 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.

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