Media stories about Dycom Industries (NYSE:DY) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dycom Industries earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 46.7565162567271 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities research analysts have weighed in on DY shares. BidaskClub cut shares of Dycom Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Deutsche Bank started coverage on shares of Dycom Industries in a report on Tuesday, September 26th. They issued a “buy” rating and a $103.00 price objective on the stock. Craig Hallum reiterated a “buy” rating and set a $114.00 price target (up previously from $90.00) on shares of Dycom Industries in a report on Tuesday, November 21st. Stifel Nicolaus reiterated a “buy” rating and set a $126.00 price target (up previously from $120.00) on shares of Dycom Industries in a report on Monday, December 11th. Finally, Canaccord Genuity lowered their price objective on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $110.00.
Shares of Dycom Industries (NYSE:DY) traded up $1.30 during mid-day trading on Friday, hitting $110.41. 728,077 shares of the stock traded hands, compared to its average volume of 705,177. The company has a market cap of $3,375.73, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.38. Dycom Industries has a 12-month low of $73.95 and a 12-month high of $113.30. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07.
Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The firm had revenue of $756.20 million for the quarter, compared to the consensus estimate of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The company’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.67 EPS. equities analysts expect that Dycom Industries will post 4.09 earnings per share for the current year.
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Dycom Industries Company Profile
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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