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

Dycom Industries (NYSE:DY) issued an update on its third quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) 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 brokerages recently issued reports on DY. B. Riley Financial raised their price target on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Guggenheim raised their target price on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Cantor Fitzgerald boosted their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Wedbush set a $654.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Dycom Industries currently has an average rating of “Moderate Buy” and a consensus target price of $578.09.

Dycom Industries Stock Performance

Shares of DY stock opened at $354.42 on Wednesday. Dycom Industries has a 12-month low of $242.55 and a 12-month high of $566.47. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 0.67 and a beta of 1.54. The business has a 50 day simple moving average of $427.20 and a 200 day simple moving average of $415.67. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, beating the consensus estimate of $4.72 by $0.57. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, equities research analysts anticipate that Dycom Industries will post 15.45 EPS for the current year.

Dycom Industries News Roundup

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

• Positive Sentiment: Strong quarterly beat: Adjusted EPS was $5.29, exceeding the $4.72 consensus estimate, while contract revenue rose 45.6% year over year to $2.006 billion. Adjusted EBITDA reached $315.5 million, or 15.7% of revenue. Dycom Industries Reports Record Fiscal 2027 Second Quarter Results
• Positive Sentiment: Backlog and outlook remain robust: Total backlog increased 53.2% to $12.242 billion, supported by demand for fiber deployment and data-center infrastructure. Dycom raised fiscal 2027 revenue guidance to $7.5 billion-$7.7 billion, broadly in line with the $7.6 billion analyst consensus, and completed its acquisition of National Technology Integrators. Dycom Earnings and Guidance
• Neutral Sentiment: Routine board change: Director Jennifer Fritzsche resigned, and Dycom announced a related board change. The announcement did not indicate a strategic or operational shift. Dycom Announces Routine Board Change
• Negative Sentiment: Third-quarter guidance fell short on EPS: Dycom forecast adjusted EPS of $4.33-$4.79, with a $4.56 midpoint below the $4.68 consensus estimate. Revenue guidance of $1.9 billion-$2.0 billion was generally consistent with expectations, but the earnings outlook leaves limited room for disappointment.
• Negative Sentiment: High expectations amplified selling pressure: Shares had already declined ahead of the report as investors reduced risk and locked in gains. Although the results were strong, the quarterly EPS outlook and in-line full-year revenue guidance may not have been sufficient to justify the stock’s previously elevated valuation.

Institutional Investors Weigh In On Dycom Industries

Institutional investors have recently bought and sold shares of the stock. Kemnay Advisory Services Inc. bought a new position in Dycom Industries in the 4th quarter valued at about $30,000. Acumen Wealth Advisors LLC bought a new stake in shares of Dycom Industries during the 4th quarter worth about $35,000. IFP Advisors Inc raised its position in shares of Dycom Industries by 400.0% during the 3rd quarter. IFP Advisors Inc now owns 140 shares of the construction company’s stock worth $41,000 after buying an additional 112 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 worth $39,000 after acquiring an additional 68 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in shares of Dycom Industries in the 3rd quarter worth approximately $75,000. 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.