Brokers Issue Forecasts for Dycom Industries, Inc.’s Q2 2025 Earnings (NYSE:DY) (2024)

Posted by ABMN Staff on Jun 4th, 2024

Brokers Issue Forecasts for Dycom Industries, Inc.’s Q2 2025 Earnings (NYSE:DY) (1)

Dycom Industries, Inc. (NYSE:DYFree Report) – Equities research analysts at B. Riley increased their Q2 2025 earnings estimates for Dycom Industries in a research report issued to clients and investors on Friday, May 31st. B. Riley analyst A. Rygiel now anticipates that the construction company will earn $2.39 per share for the quarter, up from their previous forecast of $2.27. B. Riley has a “Buy” rating and a $205.00 price target on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $7.78 per share. B. Riley also issued estimates for Dycom Industries’ Q3 2025 earnings at $2.49 EPS, Q4 2025 earnings at $1.28 EPS, FY2025 earnings at $8.28 EPS and FY2026 earnings at $9.51 EPS.

Dycom Industries (NYSE:DYGet Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The construction company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.73. Dycom Industries had a net margin of 5.38% and a return on equity of 22.15%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company earned $1.73 EPS. Dycom Industries’s revenue was up 9.3% on a year-over-year basis.

A number of other analysts have also commented on DY. UBS Group upped their price objective on shares of Dycom Industries from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Raymond James upped their target price on Dycom Industries from $143.00 to $195.00 and gave the company a “strong-buy” rating in a report on Thursday, May 23rd. Craig Hallum upped their target price on Dycom Industries from $145.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Bank of America upped their target price on Dycom Industries from $160.00 to $198.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Wells Fargo & Company upped their target price on Dycom Industries from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 20th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $191.71.

View Our Latest Analysis on Dycom Industries

Dycom Industries Price Performance

DY stock opened at $179.27 on Monday. The company has a current ratio of 3.17, a quick ratio of 2.97 and a debt-to-equity ratio of 0.78. Dycom Industries has a one year low of $78.42 and a one year high of $186.47. The firm has a market capitalization of $5.21 billion, a PE ratio of 23.10, a P/E/G ratio of 1.98 and a beta of 1.47. The firm has a 50-day moving average of $148.37 and a two-hundred day moving average of $127.59.

Institutional Investors Weigh In On Dycom Industries

Several hedge funds have recently modified their holdings of DY. Allspring Global Investments Holdings LLC bought a new position in Dycom Industries in the first quarter worth $28,000. Headlands Technologies LLC bought a new position in Dycom Industries in the first quarter worth $72,000. Quadrant Capital Group LLC lifted its position in Dycom Industries by 26.4% in the fourth quarter. Quadrant Capital Group LLC now owns 770 shares of the construction company’s stock worth $89,000 after purchasing an additional 161 shares during the period. Principal Securities Inc. bought a new position in Dycom Industries in the fourth quarter worth $142,000. Finally, Strs Ohio lifted its position in Dycom Industries by 50.0% in the fourth quarter. Strs Ohio now owns 1,500 shares of the construction company’s stock worth $172,000 after purchasing an additional 500 shares during the period. 98.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Jason T. Lawson sold 220 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $140.27, for a total value of $30,859.40. Following the completion of the sale, the vice president now directly owns 7,793 shares of the company’s stock, valued at $1,093,124.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.28% of the company’s stock.

Dycom Industries Company Profile

(Get Free Report)

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.

See Also

Brokers Issue Forecasts for Dycom Industries, Inc.’s Q2 2025 Earnings (NYSE:DY) (2)

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Brokers Issue Forecasts for Dycom Industries, Inc.’s Q2 2025 Earnings (NYSE:DY) (2024)
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