Press coverage about Dycom Industries (NYSE:DY) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dycom Industries earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 48.3289346712788 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Dycom Industries (DY) Price Target Raised to $123.00 (americanbankingnews.com)
- Dycom Industries, Inc. (DY) Expected to Post Quarterly Sales of $663.77 Million (americanbankingnews.com)
- Dycom Industries Target of Unusually Large Options Trading (DY) (americanbankingnews.com)
- Dycom Industries, Inc. (DY) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
DY has been the subject of a number of recent analyst reports. Zacks Investment Research raised Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. B. Riley reissued a “buy” rating on shares of Dycom Industries in a research report on Wednesday, November 1st. Stephens raised their price objective on Dycom Industries from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, November 16th. DA Davidson lifted their price target on Dycom Industries to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 21st. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $109.00 price target (up previously from $88.00) on shares of Dycom Industries in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $115.60.
Shares of Dycom Industries (NYSE:DY) traded down $0.36 during mid-day trading on Friday, hitting $111.14. The stock had a trading volume of 596,081 shares, compared to its average volume of 492,561. The firm has a market cap of $3,438.56, a PE ratio of 26.21, a PEG ratio of 1.73 and a beta of 1.36. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. Dycom Industries has a fifty-two week low of $73.95 and a fifty-two week high of $123.99.
Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The business 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 company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 EPS. research analysts expect that Dycom Industries will post 4.09 EPS 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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