News articles about Dycom Industries (NYSE:DY) have trended positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Dycom Industries earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.5118032545641 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Dycom Industries (NYSE DY) opened at $117.01 on Friday. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $3,620.00, a PE ratio of 27.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.38. Dycom Industries has a fifty-two week low of $73.95 and a fifty-two week high of $120.72.
Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.90 by $0.09. The company had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $729.35 million. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 EPS. equities research analysts forecast that Dycom Industries will post 4.09 earnings per share for the current fiscal year.
A number of research firms recently commented on DY. B. Riley reiterated a “buy” rating on shares of Dycom Industries in a research report on Wednesday, November 1st. DA Davidson lifted their price objective on Dycom Industries to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 21st. Zacks Investment Research upgraded Dycom Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Stifel Nicolaus reiterated a “buy” rating and set a $126.00 price objective (up previously from $120.00) on shares of Dycom Industries in a research report on Monday, December 11th. Finally, ValuEngine upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $115.10.
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About Dycom Industries
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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