Dycom Industries (NYSE:DY) Releases Q2 2027 Earnings Guidance

Dycom Industries (NYSE:DY) issued an update on its second quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.400-4.820 for the period, compared to the consensus estimate of 4.000. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $1.8 billion. Dycom Industries also updated its FY 2027 guidance to EPS.

Dycom Industries Stock Performance

Shares of DY opened at $421.68 on Wednesday. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 43.93, a PEG ratio of 0.94 and a beta of 1.46. The business’s 50 day moving average is $392.07 and its two-hundred day moving average is $372.25. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51. Dycom Industries has a 52-week low of $223.19 and a 52-week high of $464.82.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, beating 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 business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $1.17 EPS. The business’s quarterly revenue was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Analysts forecast that Dycom Industries will post 12.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DY. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Bank of America boosted their price target on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $436.00 price target on shares of Dycom Industries in a report on Friday, March 27th. Weiss Ratings downgraded Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, B. Riley Financial boosted their price target on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $431.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DY. Kemnay Advisory Services Inc. acquired a new position in Dycom Industries during the 4th quarter valued at approximately $30,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $35,000. EverSource Wealth Advisors LLC increased its stake in shares of Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares during the period. IFP Advisors Inc increased its stake in shares of Dycom Industries by 400.0% in the third quarter. IFP Advisors Inc now owns 140 shares of the construction company’s stock valued at $41,000 after purchasing an additional 112 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in shares of Dycom Industries in the third quarter valued at approximately $75,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

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.