Dycom Industries (NYSE:DY) Releases Q2 2027 Earnings Guidance

Dycom Industries (NYSE:DY) updated its second quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.400-4.820 for the period, compared to the consensus estimate of 4.000. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $1.8 billion. Dycom Industries also updated its FY 2027 guidance to EPS.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DY. KeyCorp boosted their target price on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Zacks Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the company a “buy” rating in a research note on Friday, March 6th. Weiss Ratings downgraded shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Guggenheim increased their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $502.09.

Dycom Industries Stock Performance

Shares of DY stock opened at $536.67 on Friday. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 51.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.46. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.61. The business has a fifty day moving average of $398.90 and a 200 day moving average of $375.72. Dycom Industries has a 1 year low of $225.34 and a 1 year high of $566.47.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business posted $2.09 EPS. The firm’s quarterly revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, research analysts expect that Dycom Industries will post 12.89 earnings per share for the current year.

Key Headlines Impacting Dycom Industries

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

• Positive Sentiment: Dycom delivered a major Q1 beat, reporting $4.42 EPS versus $2.73 expected and revenue of $1.96 billion versus $1.67 billion expected, which suggests strong demand and execution. Why Dycom Industries Stock Exploded Today
• Positive Sentiment: The company also raised guidance, with FY2027 revenue outlook lifted to about $7.4 billion-$7.7 billion and Q2 revenue guidance above Wall Street estimates, reinforcing optimism about the growth outlook. Why Dycom Industries Stock Exploded Today
• Positive Sentiment: Multiple analysts turned more constructive after the results, including JPMorgan raising its price target to $650, Wells Fargo to $650, B. Riley to $625, and Guggenheim to $620, signaling expectations for additional upside. Analyst price target updates
• Positive Sentiment: Dycom also hit a 52-week high, reflecting strong market momentum following the earnings surprise and improved outlook. Dycom Industries, Inc. (DY) Hit a 52 Week High, Can the Run Continue?
• Neutral Sentiment: The company announced upcoming participation in institutional investor events, which may help keep investor attention on the story but is not a direct operating catalyst. Dycom Industries, Inc. to Participate in Upcoming Institutional Investor Events

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. &PARTNERS lifted its holdings in shares of Dycom Industries by 2.5% in the fourth quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock valued at $356,000 after buying an additional 26 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Dycom Industries by 1.7% in the fourth quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock valued at $697,000 after buying an additional 35 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Dycom Industries by 0.7% in the third quarter. Victory Capital Management Inc. now owns 6,726 shares of the construction company’s stock valued at $1,962,000 after buying an additional 49 shares during the period. Ausdal Financial Partners Inc. lifted its holdings in shares of Dycom Industries by 4.5% in the third quarter. Ausdal Financial Partners Inc. now owns 1,521 shares of the construction company’s stock valued at $444,000 after buying an additional 65 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Dycom Industries by 73.1% in 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 period. 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.