Zacks Research Issues Pessimistic Estimate for DY Earnings

Dycom Industries, Inc. (NYSE:DY) – Equities research analysts at Zacks Research cut their Q1 2027 earnings per share estimates for shares of Dycom Industries in a research note issued on Wednesday, March 25th. Zacks Research analyst Team now forecasts that the construction company will post earnings per share of $2.53 for the quarter, down from their prior forecast of $2.59. Zacks Research currently has a “Strong Sell” 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’ Q2 2027 earnings at $3.70 EPS, Q3 2027 earnings at $4.05 EPS, Q4 2027 earnings at $2.48 EPS, FY2027 earnings at $12.76 EPS, Q1 2028 earnings at $2.86 EPS, Q2 2028 earnings at $4.22 EPS, Q3 2028 earnings at $4.59 EPS, Q4 2028 earnings at $2.84 EPS, FY2028 earnings at $14.51 EPS and FY2029 earnings at $16.61 EPS.

DY has been the topic of a number of other research reports. KeyCorp lifted their price target on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. B. Riley Financial boosted their target price on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. UBS Group set a $475.00 price target on shares of Dycom Industries and gave the stock a “buy” rating in a research report on Friday, March 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $436.00 price target on shares of Dycom Industries in a research note on Friday. Finally, Vertical Research initiated coverage on Dycom Industries in a report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Dycom Industries presently has a consensus rating of “Moderate Buy” and an average price target of $431.64.

Dycom Industries Trading Up 0.1%

Shares of DY stock opened at $342.32 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 0.79 and a beta of 1.34. The stock has a 50 day simple moving average of $383.45 and a 200-day simple moving average of $338.64. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $445.52.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. Dycom Industries’s quarterly revenue was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS.

Hedge Funds Weigh In On Dycom Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in Dycom Industries in the 3rd quarter worth approximately $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $30,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Dycom Industries in the second quarter valued at approximately $32,000. Optiver Holding B.V. increased its holdings in shares of Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $32,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction on Friday, January 9th. The shares were 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 of the company’s stock, valued at $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.72% of the stock is owned by insiders.

More Dycom Industries News

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

• Positive Sentiment: Zacks raised several near-term quarter forecasts (Q4 2028 to $2.84 from $2.54; Q1 2028 to $2.86 from $2.72; Q4 2027 to $2.48 from $2.05), which could support optimism about revenue/earnings momentum. Zacks Research notes
• Neutral Sentiment: Zacks published multi-year projections (FY2028 ~$14.51; FY2029 ~$16.61) that show long-term growth expectations, but these are forward-looking math rather than company-issued guidance. Zacks Research notes
• Negative Sentiment: Several Zacks cuts to key quarterly estimates (Q1–Q3 2027 and Q2–Q3 2028 were trimmed, including a notable Q2 2027 cut to $3.70 from $4.26), which could pressure near-term expectations. Zacks also kept a “Strong Sell” rating on DY, a negative signal for sentiment-sensitive money flows. Zacks Research notes
• Negative Sentiment: Zacks trimmed FY2027 and FY2028 EPS forecasts modestly (FY2027 to $12.76 from $13.21; FY2028 to $14.51 from $14.63), which reduces some near-to-medium-term upside in street expectations. Zacks Research notes

Dycom Industries Company Profile

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.