Dycom Industries (NYSE:DY) Updates Q3 2027 Earnings Guidance

Dycom Industries (NYSE:DY) updated its third quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.330-4.790 for the period, compared to the consensus EPS estimate of 4.680. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $1.9 billion. Dycom Industries also updated its FY 2027 guidance to EPS.

Analysts Set New Price Targets

Several equities analysts have weighed in on DY shares. JPMorgan Chase & Co. raised their price objective on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. KeyCorp increased their target price on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. B. Riley Financial raised their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Guggenheim raised their price target on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $578.09.

Dycom Industries Stock Down 11.3%

Shares of DY stock opened at $311.94 on Thursday. The company has a 50 day simple moving average of $424.20 and a two-hundred day simple moving average of $415.22. Dycom Industries has a 12 month low of $242.55 and a 12 month high of $566.47. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The stock has a market cap of $9.37 billion, a P/E ratio of 29.68, a P/E/G ratio of 0.62 and a beta of 1.54.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, topping the consensus estimate of $4.72 by $0.57. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.98 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company’s quarterly revenue was up 45.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.33 earnings per share. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, research analysts expect that Dycom Industries will post 15.45 earnings per share for the current year.

Dycom Industries announced that its Board of Directors has authorized a share buyback plan on Wednesday, August 26th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the construction company to purchase up to 1.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Dycom Industries News Roundup

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

• Positive Sentiment: Dycom reported record fiscal Q2 results: contract revenue rose 45.6% year over year to $2.006 billion, adjusted EPS reached $5.29 versus a roughly $4.62–$4.72 consensus, and adjusted EBITDA was $315.5 million versus expectations near $297 million. Dycom fiscal 2027 second-quarter results
• Positive Sentiment: Total backlog increased 53.2% to a record $12.242 billion, improving revenue visibility. Management cited accelerating fiber, broadband, data-center and other digital-infrastructure demand, with analysts linking the growth opportunity to expanding AI infrastructure investment. Why Dycom’s earnings beat points to an AI infrastructure boom
• Positive Sentiment: The board authorized a new $150 million share-repurchase program, allowing Dycom to buy back up to approximately 1.4% of outstanding shares. The authorization may signal management’s view that the stock is undervalued and could provide support for earnings per share. Dycom $150 million stock repurchase program
• Positive Sentiment: Dycom completed its acquisition of National Technology Integrators, adding to its digital-infrastructure capabilities and potentially strengthening exposure to data-center and communications projects.
• Neutral Sentiment: Fiscal 2027 revenue guidance was raised or established at approximately $7.48 billion to $7.66 billion, broadly around the $7.6 billion analyst consensus, suggesting strong growth but limited upside relative to elevated expectations.
• Negative Sentiment: Third-quarter adjusted EPS guidance of $4.33 to $4.79 has a midpoint of $4.56, below the $4.68 consensus estimate. Investors viewed the cautious outlook as more important than the Q2 beat. Why Dycom Industries stock is sinking
• Negative Sentiment: Approximately $150 million of wireless work was deferred from fiscal 2027 into fiscal 2028, raising concerns about the timing of project execution and near-term revenue and earnings growth. Dycom wireless work deferred into fiscal 2028

Institutional Investors Weigh In On Dycom Industries

Several institutional investors and hedge funds have recently made changes to their positions in DY. Kemnay Advisory Services Inc. purchased a new position in shares of Dycom Industries during the 4th quarter valued at approximately $30,000. Acumen Wealth Advisors LLC purchased a new position in Dycom Industries in the fourth quarter worth approximately $35,000. IFP Advisors Inc raised its holdings in Dycom Industries by 400.0% in the 3rd quarter. IFP Advisors Inc now owns 140 shares of the construction company’s stock valued at $41,000 after buying an additional 112 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after acquiring an additional 68 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in shares of Dycom Industries during the third quarter worth $75,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

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.