Zacks Research Analysts Reduce Earnings Estimates for DY

Dycom Industries, Inc. (NYSE:DY) – Stock analysts at Zacks Research cut their Q2 2029 earnings estimates for Dycom Industries in a research note issued to investors on Tuesday, July 28th. Zacks Research analyst Team now forecasts that the construction company will post earnings of $5.86 per share for the quarter, down from their prior forecast of $5.87. 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.

Dycom Industries (NYSE:DY) last issued its quarterly 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. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the business earned $2.09 EPS. The company’s revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS.

Other research analysts have also issued research reports about the company. Wedbush set a $654.00 price target on Dycom Industries in a research report on Friday, May 29th. Wells Fargo & Company raised their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. KeyCorp upped their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings downgraded shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $554.92.

Dycom Industries Price Performance

NYSE:DY opened at $416.15 on Tuesday. Dycom Industries has a 52-week low of $233.00 and a 52-week high of $566.47. The company has a market cap of $12.50 billion, a P/E ratio of 39.60, a P/E/G ratio of 0.71 and a beta of 1.54. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The stock’s 50-day simple moving average is $451.04 and its 200 day simple moving average is $411.98.

Institutional Trading of Dycom Industries

Several institutional investors and hedge funds have recently modified their holdings of the business. Whitener Capital Management Inc. acquired a new position in shares of Dycom Industries during the second quarter worth $589,000. Handelsbanken Fonder AB raised its position in shares of Dycom Industries by 22.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 9,851 shares of the construction company’s stock worth $4,981,000 after acquiring an additional 1,800 shares in the last quarter. Fulton Bank N.A. boosted its holdings in shares of Dycom Industries by 4.8% during the 2nd quarter. Fulton Bank N.A. now owns 3,019 shares of the construction company’s stock worth $1,526,000 after buying an additional 138 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Dycom Industries by 39,655.6% during the second quarter. Contravisory Investment Management Inc. now owns 17,890 shares of the construction company’s stock valued at $9,045,000 after purchasing an additional 17,845 shares during the period. Finally, World Equity Group Inc. acquired a new stake in Dycom Industries in the second quarter valued at approximately $255,000. 98.33% of the stock is currently owned by institutional investors.

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.