Dycom Industries (NYSE:DY) Issues Q1 2027 Earnings Guidance

Dycom Industries (NYSE:DY) issued an update on its first quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.570-2.90 for the period, compared to the consensus estimate of 2.670. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion. Dycom Industries also updated its FY 2027 guidance to EPS.

Dycom Industries Stock Down 3.8%

Shares of NYSE:DY opened at $402.61 on Wednesday. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $445.52. The company has a market capitalization of $11.66 billion, a PE ratio of 39.63, a price-to-earnings-growth ratio of 1.38 and a beta of 1.34. The business has a fifty day moving average price of $380.94 and a two-hundred day moving average price of $325.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90.

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, topping analysts’ consensus estimates of $1.66 by $0.37. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Analysts forecast that Dycom Industries will post 7.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DY shares. Vertical Research started coverage on Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 target price on the stock. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 15th. DA Davidson boosted their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Bank of America raised their price target on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, Zacks Research cut Dycom Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dycom Industries currently has an average rating of “Moderate Buy” and a consensus price target of $406.20.

Insider Buying and Selling

In related news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction dated 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 directly owned 15,997 shares in the company, valued at $5,528,883.14. This represents a 18.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dycom Industries

Several institutional investors have recently added to or reduced their stakes in DY. Bank of America Corp DE raised its position in Dycom Industries by 4.8% during the 2nd quarter. Bank of America Corp DE now owns 307,545 shares of the construction company’s stock valued at $75,161,000 after purchasing an additional 14,147 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Dycom Industries by 2.5% during the second quarter. Balyasny Asset Management L.P. now owns 3,384 shares of the construction company’s stock valued at $827,000 after acquiring an additional 84 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in Dycom Industries in the second quarter worth $4,537,000. BNP Paribas Financial Markets boosted its holdings in Dycom Industries by 481.1% in the second quarter. BNP Paribas Financial Markets now owns 41,294 shares of the construction company’s stock valued at $10,092,000 after acquiring an additional 34,188 shares in the last quarter. Finally, Inceptionr LLC purchased a new position in Dycom Industries during the 3rd quarter valued at $249,000. Hedge funds and other 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.