Zacks Research Forecasts Lower Earnings for Dycom Industries

Dycom Industries, Inc. (NYSE:DY) – Research analysts at Zacks Research decreased their FY2027 earnings per share (EPS) estimates for Dycom Industries in a research report issued on Tuesday, January 20th. Zacks Research analyst Team now anticipates that the construction company will earn $13.23 per share for the year, down from their prior forecast of $13.27. Zacks Research 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 2027 earnings at $2.05 EPS.

A number of other brokerages have also recently issued reports on DY. Wells Fargo & Company lifted their price objective on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Guggenheim started coverage on Dycom Industries in a research report on Thursday. They issued a “buy” rating and a $510.00 target price on the stock. Finally, KeyCorp increased their price objective on shares of Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average target price of $392.70.

Dycom Industries Price Performance

DY stock opened at $378.37 on Thursday. The company’s 50-day moving average price is $346.79 and its two-hundred day moving average price is $297.89. The firm has a market cap of $10.96 billion, a P/E ratio of 37.24, a P/E/G ratio of 1.93 and a beta of 1.34. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. Dycom Industries has a 12 month low of $131.37 and a 12 month high of $386.94.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.Dycom Industries’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business earned $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS.

Insider Transactions at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the sale, the director owned 15,997 shares in the company, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DY. Modera Wealth Management LLC bought a new stake in shares of Dycom Industries in the fourth quarter valued at $212,000. Talbot Financial LLC purchased a new stake in Dycom Industries in the 4th quarter worth about $220,000. Sound Income Strategies LLC bought a new stake in Dycom Industries in the 4th quarter valued at about $32,000. Stratos Wealth Partners LTD. purchased a new stake in Dycom Industries during the fourth quarter valued at about $251,000. Finally, SteelPeak Wealth LLC purchased a new stake in Dycom Industries during the fourth quarter valued at about $2,208,000. 98.33% of the stock is owned by institutional investors.

Key Dycom Industries News

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Guggenheim started coverage with a “Buy” rating and a $510 price target (~35% upside from current levels), giving investors a clear earnings/valuation-driven reason to buy. Guggenheim starts coverage (Benzinga)
• Positive Sentiment: Zacks highlighted Dycom as one of four infrastructure-focused heavy construction names set to benefit from growth in telecom, transmission, data centers and renewables — reinforcing the company’s exposure to multi-year secular tailwinds in network buildouts. 4 Infrastructure-Focused Heavy Construction Stocks (Zacks)
• Positive Sentiment: Short interest fell ~19.6%, reducing potential near-term selling pressure from short-covering dynamics and supporting the technical picture. Short Interest Decreases (American Banking News)
• Negative Sentiment: Zacks Research downgraded Dycom from “strong‑buy” to “hold,” which may temper momentum from the Guggenheim call and gives investors a more cautious near-term view. Zacks downgrades DY to Hold (Zacks)
• Negative Sentiment: Zacks issued small cuts to Q4 and FY2027 EPS estimates (Q4 est. trimmed from $2.10 to $2.05; FY2027 from $13.27 to $13.23), signaling modest downward revision risk to near-term consensus — a potential headwind for sentiment despite strong recent results. Zacks Research estimate changes (MarketBeat/DY)

About Dycom Industries

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.