Dycom Industries (DY) Expected to Announce Earnings on Wednesday

Dycom Industries (NYSE:DY) is projected to post its Q1 2026 quarterly earnings results before the market opens on Wednesday, May 21st. Analysts expect Dycom Industries to post earnings of $1.60 per share and revenue of $1.19 billion for the quarter.

Dycom Industries Trading Up 1.3%

NYSE:DY opened at $194.54 on Monday. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.29 and a beta of 1.27. The firm has a fifty day simple moving average of $162.61 and a two-hundred day simple moving average of $173.64. Dycom Industries has a 12 month low of $131.37 and a 12 month high of $207.20.

Dycom Industries declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the construction company to repurchase up to 3.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dycom Industries stock. Jones Financial Companies Lllp raised its stake in Dycom Industries, Inc. (NYSE:DY) by 4,626.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,174 shares of the construction company’s stock after acquiring an additional 2,128 shares during the quarter. Jones Financial Companies Lllp’s holdings in Dycom Industries were worth $331,000 as of its most recent filing with the Securities & Exchange Commission. 98.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. KeyCorp reduced their price objective on shares of Dycom Industries from $201.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. assumed coverage on shares of Dycom Industries in a report on Monday, April 21st. They set an “overweight” rating and a $200.00 price objective for the company. Raymond James lifted their price objective on shares of Dycom Industries from $210.00 to $215.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on shares of Dycom Industries from $215.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Finally, B. Riley reduced their price objective on shares of Dycom Industries from $234.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dycom Industries presently has an average rating of “Buy” and a consensus price target of $200.22.

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.