Zacks Research Analysts Increase Earnings Estimates for DY

Dycom Industries, Inc. (NYSE:DY) – Equities research analysts at Zacks Research lifted their FY2027 EPS estimates for shares of Dycom Industries in a research note issued on Thursday, October 16th. Zacks Research analyst Team now anticipates that the construction company will earn $10.24 per share for the year, up from their previous forecast of $10.21. 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. Zacks Research also issued estimates for Dycom Industries’ Q4 2027 earnings at $1.91 EPS and FY2028 earnings at $11.26 EPS.

Several other equities research analysts also recently weighed in on the stock. UBS Group upped their target price on shares of Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. increased their price objective on shares of Dycom Industries from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on shares of Dycom Industries from $295.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Finally, Bank of America increased their price objective on shares of Dycom Industries from $299.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and an average target price of $298.25.

Dycom Industries Price Performance

Shares of DY opened at $292.42 on Friday. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $301.88. The firm’s 50 day moving average price is $271.52 and its 200 day moving average price is $235.28. The company has a market cap of $8.47 billion, a P/E ratio of 32.86, a PEG ratio of 1.40 and a beta of 1.15. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the firm earned $2.46 EPS. The firm’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.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CWM LLC boosted its holdings in shares of Dycom Industries by 22.9% in the 3rd quarter. CWM LLC now owns 1,920 shares of the construction company’s stock valued at $560,000 after buying an additional 358 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of Dycom Industries in the 3rd quarter valued at $528,000. Farther Finance Advisors LLC boosted its holdings in shares of Dycom Industries by 859.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 633 shares of the construction company’s stock valued at $185,000 after buying an additional 567 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Dycom Industries in the 3rd quarter valued at $948,000. Finally, Somerset Trust Co boosted its holdings in shares of Dycom Industries by 6.2% in the 3rd quarter. Somerset Trust Co now owns 6,433 shares of the construction company’s stock valued at $1,877,000 after buying an additional 374 shares in the last quarter. Institutional investors and hedge funds 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.