Dycom Industries (NYSE:DY) Posts Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Dycom Industries (NYSE:DY - Get Free Report) posted its earnings results on Wednesday. The construction company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.91 by $0.20, Zacks reports. Dycom Industries had a net margin of 4.91% and a return on equity of 20.99%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.03 billion. Dycom Industries updated its FY 2026 guidance to EPS and its Q1 2026 guidance to 1.500-1.730 EPS.

Dycom Industries Stock Performance

DY traded up $1.76 during trading on Friday, hitting $163.89. 821,346 shares of the company traded hands, compared to its average volume of 471,837. The firm has a market cap of $4.78 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. Dycom Industries has a one year low of $123.90 and a one year high of $207.20. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. The stock's fifty day moving average is $181.49 and its 200 day moving average is $183.93.

Insider Buying and Selling at Dycom Industries

In related news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $175.08, for a total value of $507,732.00. Following the transaction, the director now directly owns 14,533 shares in the company, valued at approximately $2,544,437.64. This represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jennifer M. Fritzsche sold 430 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total transaction of $74,437.30. Following the completion of the transaction, the director now owns 8,873 shares in the company, valued at approximately $1,536,005.03. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.28% of the company's stock.

Remove Ads

Dycom Industries declared that its board has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DY. Wells Fargo & Company boosted their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Raymond James boosted their target price on shares of Dycom Industries from $210.00 to $215.00 and gave the company a "strong-buy" rating in a research report on Tuesday, February 4th. KeyCorp dropped their target price on shares of Dycom Industries from $229.00 to $201.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, DA Davidson reiterated a "buy" rating and set a $210.00 target price on shares of Dycom Industries in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $205.38.

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.