DY

Dycom Industries Inc

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274.840

-4.29(-1.537%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

278.240

Open

278.230

VWAP

275.38

Vol

288.03K

Mkt Cap

7.95B

Low

274.325

Amount

79.32M

EV/EBITDA(TTM)

16.45

Total Shares

29.09M

9.09B

EV/OCF(TTM)

27.34

P/S(TTM)

1.70

Dycom Industries, Inc. is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. These services include program management, planning, engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications providers. Additionally, it provides underground facility locating services for various utilities, including telecommunications providers, as well as other construction and maintenance services for electric and gas utilities. It supplies the expertise, labor, equipment, and tools necessary to provide services to its customers. The Company provides engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems that extend from the telephone company hub location, or cable operator headend, to a consumer’s home or business.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q4

FY2026Q3

FY2026Q2

1.25B

+15.58%

1.500

+28.19%

1.46B

+14.59%

3.150

+17.52%

1.41B

+17.04%

2.921

+18.75%

Estimates Revision

The market is revising Upward the revenue expectations for Dycom Industries, Inc. (DY) for FY2026, with the revenue forecasts being adjusted by 2.52% over the past three months. During the same period, the stock price has changed by 42.73%.

Revenue Estimates for FY2026

Revise Upward

+2.52%

In Past 3 Month

EPS Estimates for FY2026

No Change

0.00%

In Past 3 Month

Stock Price

Go Up

+42.73%

In Past 3 Month

9 Analyst Rating

-3.46% Downside

Wall Street analysts forecast DY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DY is 265.33 USD with a low forecast of 250.00 USD and a high forecast of 295.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

9 Buy

0 Hold

0 Sell

Strong Buy

-3.46% Downside

Current: 274.840

Low

250.00

Averages

265.33

High

295.00

-3.46% Downside

Current: 274.840

Low

250.00

Averages

265.33

High

295.00

KeyBanc

Overweight

maintain

$255 -> $295

2025-07-16

Reason

KeyBanc

Price Target

$255 -> $295

2025-07-16

maintain

Overweight

Reason

KeyBanc raised the firm's price target on Dycom to $295 from $255 and keeps an Overweight rating on the shares. The firm maintains Dycom as one of its top picks as it believes the company is in the early years of a multi-year telecom investment expansion cycle--led by private investments in fiber, federal and state funded rural broadband programs, and a datacenter led fiber build. As a telecom pureplay trading at 11.3-times 2027, KeyBanc does not believe that the longer than usual growth cycle is adequately reflected in the valuation. As such, it thinks Dycom remains a name to own given its national presence and scale in wireline construction allowing for strong revenue growth in coming year.

UBS

Steven Fisher

Buy

maintain

$258 -> $288

2025-07-10

Reason

UBS

Steven Fisher

Price Target

$258 -> $288

2025-07-10

maintain

Buy

Reason

UBS analyst Steven Fisher raised the firm's price target on Dycom to $288 from $258 and keeps a Buy rating on the shares. UBS sees limited bright spots in Machinery earnings in Q2, telling investors in a research note that earnings should start to show tariff impacts while the direction of the economy remains uncertain. Construction machinery appears to have the best second half setup, but UBS sees risk of disappointment in 2H as inventories and demand likely have not improved enough to support improvement vs. the first half.

B. Riley

Buy

maintain

$200 -> $265

2025-05-23

Reason

B. Riley

Price Target

$200 -> $265

2025-05-23

maintain

Buy

Reason

B. Riley raised the firm's price target on Dycom to $265 from $200 and keeps a Buy rating on the shares post the Q1 report. The increase in revenue was driven by growth in the service and maintenance business, and a newly installed fiber-to-the-home plant, the analyst tells investors in a research note. The firm says the results for Q1 reflect a better than expected start to the year with stronger than expected earnings growth and record backlog.

DA Davidson

Brent Thielman

Buy

maintain

$220 -> $265

2025-05-23

Reason

DA Davidson

Brent Thielman

Price Target

$220 -> $265

2025-05-23

maintain

Buy

Reason

DA Davidson analyst Brent Thielman raised the firm's price target on Dycom to $265 from $220 and keeps a Buy rating on the shares after its Q1 earnings beat. Stronger than expected inorganic contributions led Q1 revenue higher, while margins continue to expand, the analyst tells investors in a research note. New sources of opportunity for Dycom services also strengthen its medium/long-term growth potential, the firm added.

JPMorgan

NULL -> Overweight

maintain

$200 -> $250

2025-05-22

Reason

JPMorgan

Price Target

$200 -> $250

2025-05-22

maintain

NULL -> Overweight

Reason

JPMorgan raised the firm's price target on Dycom to $250 from $200 and keeps an Overweight rating on the shares. The company reported "strong" fisacal Q1 results, driven by a faster than expected ramp in its acquired Black and Veatch wireless business, further supported by service and maintenance revenue, the analyst tells investors in a research note. The firm increased estimates following the better than expected Q2 and fiscal 2026 guidance, saying the wireless business continues to ramp and fiber trends remain strong.

UBS

Steven Fisher

Buy

maintain

$234 -> $258

2025-05-22

Reason

UBS

Steven Fisher

Price Target

$234 -> $258

2025-05-22

maintain

Buy

Reason

UBS analyst Steven Fisher raised the firm's price target on Dycom to $258 from $234 and keeps a Buy rating on the shares following the "strong" Q1 earnings report and guidance raise for fiscal 2026. Dycom outperformed expectations, including generating positive organic growth despite tough comps, strong margins, and record backlog, the analyst tells investors in a research note. The firm thinks tax policy changes and customer consolidation could further accelerate telecom capital expenditures.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Dycom Industries Inc (DY.N) is 29.02, compared to its 5-year average forward P/E of 26.02. For a more detailed relative valuation and DCF analysis to assess Dycom Industries Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

26.02

Current PE

29.02

Overvalued PE

39.46

Undervalued PE

12.57

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

9.57

Current EV/EBITDA

13.14

Overvalued EV/EBITDA

11.39

Undervalued EV/EBITDA

7.75

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Strongly Overvalued

5Y Average PS

0.82

Current PS

1.46

Overvalued PS

1.00

Undervalued PS

0.64