Analysts Set Expectations for DY Q2 Earnings

Dycom Industries, Inc. (NYSE:DY) – Zacks Research issued their Q2 2026 earnings estimates for Dycom Industries in a research note issued to investors on Wednesday, June 11th. Zacks Research analyst R. Department anticipates that the construction company will earn $2.76 per share for the quarter. The consensus estimate for Dycom Industries’ current full-year earnings is $7.13 per share. Zacks Research also issued estimates for Dycom Industries’ Q3 2026 earnings at $3.01 EPS, Q4 2026 earnings at $1.65 EPS, FY2026 earnings at $9.51 EPS, Q1 2027 earnings at $1.77 EPS, Q2 2027 earnings at $3.02 EPS, Q3 2027 earnings at $3.52 EPS, Q4 2027 earnings at $1.97 EPS, FY2027 earnings at $10.28 EPS, Q1 2028 earnings at $2.02 EPS and FY2028 earnings at $12.06 EPS.

A number of other brokerages have also recently issued reports on DY. DA Davidson raised their target price on Dycom Industries from $220.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. KeyCorp cut their price target on shares of Dycom Industries from $201.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Raymond James Financial boosted their price objective on shares of Dycom Industries from $215.00 to $255.00 and gave the company a “strong-buy” rating in a report on Thursday, May 22nd. UBS Group upped their target price on shares of Dycom Industries from $234.00 to $258.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Finally, B. Riley lifted their price target on shares of Dycom Industries from $200.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $241.25.

Dycom Industries Stock Down 0.6%

Shares of Dycom Industries stock opened at $231.78 on Monday. The business has a fifty day simple moving average of $195.83 and a 200 day simple moving average of $180.45. The stock has a market cap of $6.70 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.33 and a beta of 1.32. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.80. Dycom Industries has a 12 month low of $131.37 and a 12 month high of $243.38.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, May 21st. The construction company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.47. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. Dycom Industries had a net margin of 4.81% and a return on equity of 20.04%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 EPS.

Dycom Industries declared that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the construction company to purchase up to 3.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Dycom Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. acquired a new stake in shares of Dycom Industries in the 4th quarter valued at about $80,584,000. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Dycom Industries by 851.6% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company’s stock worth $72,459,000 after buying an additional 425,652 shares in the last quarter. Norges Bank acquired a new stake in Dycom Industries in the 4th quarter valued at approximately $55,802,000. Assenagon Asset Management S.A. raised its position in Dycom Industries by 327.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 399,226 shares of the construction company’s stock valued at $60,818,000 after buying an additional 305,755 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Dycom Industries by 142.9% in the 4th quarter. First Trust Advisors LP now owns 496,407 shares of the construction company’s stock valued at $86,405,000 after acquiring an additional 292,050 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

About Dycom Industries

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.