Zacks Research Analysts Increase Earnings Estimates for Dycom Industries, Inc. (NYSE:DY)

Dycom Industries, Inc. (NYSE:DY) – Analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for shares of Dycom Industries in a research note issued to investors on Wednesday, September 6th. Zacks Research analyst A. Gupta now expects that the construction company will post earnings per share of $6.50 for the year, up from their prior forecast of $6.20. The consensus estimate for Dycom Industries’ current full-year earnings is $6.50 per share. Zacks Research also issued estimates for Dycom Industries’ Q1 2025 earnings at $1.05 EPS, Q4 2025 earnings at $1.68 EPS and FY2025 earnings at $6.52 EPS.

A number of other equities analysts have also recently weighed in on DY. B. Riley reaffirmed a “neutral” rating and set a $111.00 price target on shares of Dycom Industries in a research note on Thursday, August 24th. Raymond James began coverage on shares of Dycom Industries in a research report on Wednesday, May 31st. They set an “outperform” rating and a $120.00 price target for the company. Wells Fargo & Company boosted their price target on Dycom Industries from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. StockNews.com started coverage on Dycom Industries in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, UBS Group decreased their target price on Dycom Industries from $132.00 to $127.00 and set a “buy” rating on the stock in a research report on Monday, August 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.40.

Dycom Industries Trading Down 0.3 %

NYSE:DY opened at $98.12 on Friday. Dycom Industries has a 12-month low of $77.33 and a 12-month high of $122.13. The company has a current ratio of 3.38, a quick ratio of 3.13 and a debt-to-equity ratio of 0.83. The stock’s 50 day simple moving average is $101.86 and its 200-day simple moving average is $99.03. The firm has a market cap of $2.88 billion, a P/E ratio of 15.35 and a beta of 1.32.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, August 23rd. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.37. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Dycom Industries had a return on equity of 20.89% and a net margin of 4.71%. Dycom Industries’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share.

Hedge Funds Weigh In On Dycom Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased its stake in Dycom Industries by 4.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,369 shares of the construction company’s stock worth $269,000 after acquiring an additional 105 shares during the last quarter. CWM LLC raised its holdings in Dycom Industries by 35.2% in the first quarter. CWM LLC now owns 430 shares of the construction company’s stock valued at $40,000 after buying an additional 112 shares during the period. Campbell Newman Asset Management Inc. lifted its position in Dycom Industries by 0.9% during the first quarter. Campbell Newman Asset Management Inc. now owns 13,763 shares of the construction company’s stock valued at $1,289,000 after buying an additional 120 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Dycom Industries by 0.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 17,268 shares of the construction company’s stock worth $1,607,000 after buying an additional 148 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Dycom Industries by 2.4% in the second quarter. BNP Paribas Arbitrage SA now owns 7,082 shares of the construction company’s stock worth $659,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.