News stories about Dycom Industries (NYSE:DY) have been trending somewhat positive on Saturday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dycom Industries earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 46.1906708167132 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of research analysts recently weighed in on DY shares. BidaskClub lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. KeyCorp upgraded shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 price objective for the company in a research note on Wednesday, August 30th. FBR & Co boosted their price target on shares of Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, August 30th. Craig Hallum restated a “buy” rating and set a $90.00 price target (down from $115.00) on shares of Dycom Industries in a research report on Thursday, August 31st. They noted that the move was a valuation call. Finally, Canaccord Genuity reduced their price target on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $102.71.

Dycom Industries (NYSE DY) opened at $89.04 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.69 and a debt-to-equity ratio of 1.10. The stock has a market cap of $2.72 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, August 30th. The construction company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.44 by $0.03. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The company had revenue of $780.20 million for the quarter, compared to the consensus estimate of $798.62 million. During the same quarter in the prior year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. analysts forecast that Dycom Industries will post 4.35 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Dycom Industries (DY) Stock Price” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-dycom-industries-dy-stock-price/1677745.html.

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.

Insider Buying and Selling by Quarter for Dycom Industries (NYSE:DY)

Receive News & Ratings for Dycom Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.