Zacks Research Issues Positive Outlook for DY Earnings

Key Points

• Zacks Research has raised its Q3 2027 EPS estimate for Dycom Industries to $3.25 per share from $3.23, maintaining a "Strong-Buy" rating.
• The company reported Q3 earnings of $3.33 per share, exceeding analysts' expectations and showing a 14.5% increase in revenue year-over-year.
• Dycom's stock has received positive ratings from multiple analysts, with recent target price increases from Bank of America and UBS Group, indicating strong investor confidence.

Dycom Industries, Inc. (NYSE:DY - Free Report) - Research analysts at Zacks Research increased their Q3 2027 EPS estimates for Dycom Industries in a note issued to investors on Thursday, October 16th. Zacks Research analyst Team now anticipates that the construction company will earn $3.25 per share for the quarter, up from their prior forecast of $3.23. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Dycom Industries' current full-year earnings is $7.13 per share.

Dycom Industries (NYSE:DY - Get Free Report) last announced its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm earned $2.46 earnings per share. The business's revenue for the quarter was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS.

Other equities analysts also recently issued research reports about the stock. Bank of America raised their target price on shares of Dycom Industries from $299.00 to $310.00 and gave the company a "buy" rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Raymond James Financial raised their target price on shares of Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 21st. UBS Group raised their target price on shares of Dycom Industries from $296.00 to $336.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Finally, DA Davidson increased their price target on shares of Dycom Industries from $265.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $298.25.

Dycom Industries Price Performance

Shares of NYSE DY opened at $292.42 on Monday. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $301.88. The company has a 50 day simple moving average of $271.52 and a two-hundred day simple moving average of $235.89. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 1.40 and a beta of 1.15. 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 Investors Weigh In On Dycom Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in DY. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Dycom Industries by 851.6% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company's stock worth $72,459,000 after purchasing an additional 425,652 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Dycom Industries during the 2nd quarter worth $34,671,000. Nuveen LLC purchased a new position in shares of Dycom Industries during the 1st quarter worth $21,451,000. Voya Investment Management LLC boosted its stake in shares of Dycom Industries by 1,432.2% during the 1st quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company's stock worth $22,071,000 after acquiring an additional 135,427 shares during the last quarter. Finally, Hill City Capital LP boosted its stake in shares of Dycom Industries by 14.1% during the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company's stock worth $147,737,000 after acquiring an additional 120,000 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.

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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