News stories about Dycom Industries (NYSE:DY) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. 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 news sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 46.9486741802147 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Dycom Industries, Inc. To Present At The DA Davidson 16th Annual Engineering & Construction Conference – PR Newswire (press release) (prnewswire.com)
- Dycom Industries, Inc. To Present At The D.A. Davidson 16th Annual Engineering & Construction Conference (finance.yahoo.com)
- Bear of the Day: Dycom Industries (DY) (finance.yahoo.com)
- MasTec, Dycom Industries, Nordstrom, KKR and Apollo highlighted as Zacks Bull and Bear of the Day (finance.yahoo.com)
- $731.22 Million in Sales Expected for Dycom Industries, Inc. (DY) This Quarter (americanbankingnews.com)
Several research firms have issued reports on DY. FBR & Co reissued an “outperform” rating on shares of Dycom Industries in a research note on Monday, June 19th. BidaskClub downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Canaccord Genuity reissued a “buy” rating and issued a $52.00 price target on shares of Dycom Industries in a research note on Thursday, May 25th. ValuEngine raised Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Dycom Industries presently has a consensus rating of “Buy” and an average price target of $105.29.
Shares of Dycom Industries (NYSE DY) opened at 79.04 on Friday. Dycom Industries has a 1-year low of $70.33 and a 1-year high of $110.64. The firm has a 50 day moving average price of $81.82 and a 200 day moving average price of $91.61. The firm has a market cap of $2.46 billion, a P/E ratio of 16.07 and a beta of 1.26.
Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 30th. The construction company reported $1.47 earnings per share for the quarter, beating the 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 firm had revenue of $780.20 million for the quarter, compared to analyst estimates of $798.62 million. During the same quarter in the prior year, the business earned $1.64 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts anticipate that Dycom Industries will post $4.37 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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