FY2027 EPS Estimates for Dycom Industries, Inc. (NYSE:DY) Lifted by Zacks Research

Dycom Industries, Inc. (NYSE:DY) – Equities research analysts at Zacks Research lifted their FY2027 earnings per share (EPS) estimates for shares of Dycom Industries in a report issued on Wednesday, September 11th. Zacks Research analyst A. Gupta now forecasts that the construction company will post earnings per share of $9.95 for the year, up from their prior forecast of $9.06. The consensus estimate for Dycom Industries’ current full-year earnings is $8.02 per share.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.20. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business earned $2.03 earnings per share. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year.

A number of other brokerages have also weighed in on DY. KeyCorp boosted their target price on Dycom Industries from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company increased their price objective on shares of Dycom Industries from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Craig Hallum lifted their target price on shares of Dycom Industries from $145.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Raymond James increased their price target on Dycom Industries from $143.00 to $195.00 and gave the company a “strong-buy” rating in a report on Thursday, May 23rd. Finally, UBS Group lifted their price objective on Dycom Industries from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $199.57.

Dycom Industries Trading Up 0.2 %

NYSE:DY opened at $184.74 on Friday. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.96 and a beta of 1.41. The company has a quick ratio of 3.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average price is $178.09 and its 200-day moving average price is $161.06. Dycom Industries has a 52 week low of $78.42 and a 52 week high of $196.34.

Institutional Investors Weigh In On Dycom Industries

Several large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Dycom Industries in the 1st quarter worth about $28,000. GAMMA Investing LLC grew its stake in shares of Dycom Industries by 107.8% during the second quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock valued at $49,000 after buying an additional 152 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Dycom Industries by 5,071.4% in the second quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company’s stock worth $61,000 after buying an additional 355 shares during the period. Signaturefd LLC lifted its stake in shares of Dycom Industries by 196.7% during the 2nd quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock worth $61,000 after acquiring an additional 238 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Dycom Industries during the 1st quarter valued at $72,000. 98.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Jason T. Lawson sold 856 shares of Dycom Industries stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $174.48, for a total value of $149,354.88. Following the sale, the vice president now directly owns 6,937 shares of the company’s stock, valued at $1,210,367.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.28% of the stock is owned by company insiders.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.