Update shared on 11 Nov 2025
Narrative Update on Dycom Industries
Analysts have maintained their price target for Dycom Industries at $308.44, citing steady expectations for revenue growth and profitability, even though there has been a slight increase in the discount rate and future price-to-earnings ratio assumptions.
What's in the News
- Dycom Industries successfully completed the repurchase of 200,000 shares, representing 0.69% of outstanding shares, for a total of $30.19 million as part of the buyback program announced on February 26, 2025 (Key Developments).
- No shares were repurchased between April 27, 2025 and July 26, 2025 under the buyback tranche (Key Developments).
- The company provided earnings guidance for the quarter ending October 25, 2025, with projected contract revenues of $1.38 billion to $1.43 billion and diluted earnings per common share of $3.03 to $3.36 (Key Developments).
- For fiscal year 2026, Dycom expects total contract revenues to range from $5.29 billion to $5.425 billion, reflecting 12.5% to 15.4% growth compared to the previous year. The outlook includes 53 weeks of operations and does not factor in any storm restoration revenue (Key Developments).
Valuation Changes
- Consensus Analyst Price Target remains unchanged at $308.44.
- The discount rate has risen slightly from 8.53% to 8.78%.
- The revenue growth projection is stable at 9.89%.
- The net profit margin estimate remains unchanged at 6.41%.
- The future P/E ratio has increased slightly from 25.98x to 26.16x.
Disclaimer
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