Dycom Industries (DY) Given Media Impact Rating of 0.15
News articles about Dycom Industries (NYSE:DY) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dycom Industries earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 46.56936587482 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Heavy Construction Stock Performance Review — Sterling … – PR Newswire (press release) (prnewswire.com)
- Heavy Construction Stock Performance Review — Sterling Construction, Dycom Industries, Fluor, and MasTec (4-traders.com)
- Dycom Industries, Inc. To Report Fiscal 2018 First Quarter Results And Host Conference Call (finance.yahoo.com)
- Dycom Industries, Inc. (DY) Scheduled to Post Earnings on Monday (americanbankingnews.com)
- $729.61 Million in Sales Expected for Dycom Industries, Inc. (DY) This Quarter (americanbankingnews.com)
Several research firms have issued reports on DY. Stephens upped their price target on shares of Dycom Industries from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday. B. Riley reaffirmed a “buy” rating on shares of Dycom Industries in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. BidaskClub lowered shares of Dycom Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Finally, Deutsche Bank AG began coverage on shares of Dycom Industries in a research report on Tuesday, September 26th. They set a “buy” rating and a $103.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Dycom Industries presently has a consensus rating of “Buy” and a consensus target price of $104.88.
Shares of Dycom Industries (NYSE DY) traded up $1.92 on Thursday, hitting $87.90. 570,318 shares of the stock traded hands, compared to its average volume of 663,373. The company has a market capitalization of $2,730.00, a price-to-earnings ratio of 16.27, a PEG ratio of 1.60 and a beta of 1.27. Dycom Industries has a 52 week low of $70.33 and a 52 week high of $110.64. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.95 and a quick ratio of 2.69.
Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, August 30th. The construction company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.03. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The business had revenue of $780.20 million for the quarter, compared to the consensus estimate of $798.62 million. During the same period in the prior year, the company posted $1.64 earnings per share. Dycom Industries’s revenue was down 1.1% compared to the same quarter last year. sell-side analysts expect that Dycom Industries will post 4.35 EPS for the current year.
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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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