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Analysts have raised their price target for Dycom Industries from $297.89 to $304.67. This reflects improved revenue growth forecasts, even though there is a slightly higher discount rate and marginally lower profit margins.
What's in the News
- Dycom Industries has completed the repurchase of 200,000 shares, representing 0.69% of shares outstanding, for $30.19 million under the buyback announced on February 26, 2025. (Key Developments)
- No additional shares were repurchased between April 27, 2025 and July 26, 2025. Buybacks during that period totaled 0 shares for $0 million. (Key Developments)
- For the quarter ending October 25, 2025, the company expects contract revenues of $1.38 billion to $1.43 billion and diluted earnings per share of $3.03 to $3.36. (Key Developments)
- Dycom forecasts total contract revenues for fiscal year 2026 between $5.29 billion and $5.425 billion, reflecting a 12.5% to 15.4% increase from the prior year. (Key Developments)
- The company notes that fiscal 2026 will include an extra week of operations due to the fiscal calendar. No storm restoration revenues are included in their outlook. (Key Developments)
Valuation Changes
- Consensus Analyst Price Target has increased from $297.89 to $304.67, indicating higher expectations for future value.
- Discount Rate has risen slightly from 8.48% to 8.48%.
- Revenue Growth forecast has edged higher, moving from 9.68% to 9.89%.
- Net Profit Margin has decreased marginally from 6.45% to 6.41%.
- Future P/E Ratio is up modestly from 25.08x to 25.65x.
Disclaimer
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