Q2 Earnings Estimate for Dycom Industries Issued By KeyCorp

Dycom Industries, Inc. (NYSE:DY) – Equities researchers at KeyCorp issued their Q2 2027 earnings estimates for shares of Dycom Industries in a note issued to investors on Tuesday, April 14th. KeyCorp analyst S. Jain anticipates that the construction company will post earnings of $4.03 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $482.00 price target on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $12.88 per share. KeyCorp also issued estimates for Dycom Industries’ FY2027 earnings at $13.26 EPS and FY2028 earnings at $16.30 EPS.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS.

A number of other brokerages also recently weighed in on DY. UBS Group set a $475.00 price target on shares of Dycom Industries and gave the stock a “buy” rating in a report on Friday, March 6th. Bank of America upped their price objective on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Guggenheim started coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price objective on the stock. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average price target of $431.64.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $409.44 on Monday. The company’s 50-day moving average is $382.25 and its 200 day moving average is $349.72. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The company has a market capitalization of $12.29 billion, a P/E ratio of 42.65, a price-to-earnings-growth ratio of 0.92 and a beta of 1.38. Dycom Industries has a fifty-two week low of $149.38 and a fifty-two week high of $445.52.

Institutional Investors Weigh In On Dycom Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Nordea Investment Management AB lifted its holdings in shares of Dycom Industries by 5,603.6% in the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after buying an additional 398,469 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Dycom Industries by 58.4% in the third quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock worth $28,534,000 after buying an additional 36,074 shares in the last quarter. New York Life Investment Management LLC purchased a new stake in shares of Dycom Industries in the third quarter worth about $830,000. 12th Street Asset Management Company LLC lifted its holdings in shares of Dycom Industries by 48.9% in the third quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company’s stock worth $19,617,000 after buying an additional 22,077 shares in the last quarter. Finally, Aventail Capital Group LP purchased a new stake in shares of Dycom Industries in the third quarter worth about $5,285,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

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.