Q2 EPS Forecast for Dycom Industries Boosted by Analyst

Dycom Industries, Inc. (NYSE:DY) – Analysts at Zacks Research increased their Q2 2028 earnings per share (EPS) estimates for shares of Dycom Industries in a research report issued on Tuesday, July 28th. Zacks Research analyst Team now anticipates that the construction company will post earnings per share of $5.79 for the quarter, up from their prior estimate of $5.78. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $15.45 per share. Zacks Research also issued estimates for Dycom Industries’ Q3 2028 earnings at $6.12 EPS.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $1.69. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business’s revenue was up 56.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS.

Several other research analysts have also commented on the stock. Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. UBS Group reiterated a “buy” rating on shares of Dycom Industries in a research report on Friday, July 24th. Guggenheim raised their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, KeyCorp upped their target price on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Stock Performance

NYSE:DY opened at $371.66 on Thursday. The stock has a market cap of $11.16 billion, a P/E ratio of 35.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.50. The firm’s fifty day simple moving average is $451.16 and its 200 day simple moving average is $410.63. Dycom Industries has a twelve month low of $233.00 and a twelve month high of $566.47. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48.

Hedge Funds Weigh In On Dycom Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Kemnay Advisory Services Inc. purchased a new position in shares of Dycom Industries during the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC purchased a new stake in shares of Dycom Industries in the 4th quarter worth approximately $32,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Dycom Industries in the 4th quarter worth approximately $35,000. Legacy Wealth Managment LLC ID bought a new position in Dycom Industries during the 4th quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC raised its stake in Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

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.