Q1 EPS Estimate for Dycom Industries Lowered by Analyst

Dycom Industries, Inc. (NYSE:DY) – Equities researchers at Zacks Research cut their Q1 2027 earnings per share (EPS) estimates for Dycom Industries in a report released on Wednesday, March 25th. Zacks Research analyst Team now forecasts that the construction company will post earnings of $2.53 per share 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 subject of a number of other research reports. UBS Group set a $475.00 target price on shares of Dycom Industries and gave the company a “buy” rating in a research report on Friday, March 6th. Bank of America raised their price target on shares of Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. B. Riley Financial lifted their price objective 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. Cantor Fitzgerald reissued an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a report on Friday, March 27th. Finally, Vertical Research began coverage on shares of Dycom Industries in a research report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $431.64.

Dycom Industries Stock Performance

Shares of NYSE DY opened at $338.52 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 firm has a market cap of $10.15 billion, a price-to-earnings ratio of 35.26, a P/E/G ratio of 0.75 and a beta of 1.34. The stock’s fifty day moving average price is $381.97 and its two-hundred day moving average price is $339.67. Dycom Industries has a one year low of $131.37 and a one 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 the consensus estimate of $1.91 by $0.12. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period last year, the firm posted $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS.

Insider Buying and Selling at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction on 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 sale, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.72% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after acquiring an additional 23,903,375 shares in the last quarter. Nordea Investment Management AB raised its position in Dycom Industries by 5,603.6% during the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock valued at $139,057,000 after purchasing an additional 398,469 shares in the last quarter. Millennium Management LLC raised its position in Dycom Industries by 21.0% during the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after purchasing an additional 229,579 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in Dycom Industries during the third quarter worth $44,553,000. Finally, Bornite Capital Management LP bought a new stake in Dycom Industries during the third quarter worth $43,764,000. 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.