News stories about Dycom Industries (NYSE:DY) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dycom Industries earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 45.6772821505865 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Teva Pharmaceutical Industries Limited (TEVA) is moving now with loss -22.82% (prensaestatal.com)
- A Look at these Riveting Stocks: Dycom Industries, Inc. (NYSE:DY) and GW Pharmaceuticals plc (NASDAQ:GWPH) - FLBC News (flbcnews.com)
- Shares of Dycom Industries Inc (DY) See Mesa Average Hold Above FAMA - Evergreen Caller (evergreencaller.com)
- Are Either Esterline Technologies Corporation (NYSE:ESL) or Dycom Industries, Inc. (NYSE:DY)Ready for a Breakout? - FLBC News (flbcnews.com)
- Needle Action Activity Spotted in Dycom Industries Inc (DY) - Stock Press Daily (stockpressdaily.com)
Several equities research analysts have issued reports on DY shares. Wells Fargo & Company restated an “overweight” rating on shares of Dycom Industries in a report on Wednesday, April 19th. Stifel Nicolaus restated a “buy” rating and issued a $120.00 price target (up from $112.00) on shares of Dycom Industries in a report on Saturday, April 22nd. Zacks Investment Research cut Dycom Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. FBR & Co reaffirmed an “outperform” rating and set a $112.00 price objective (down from $120.00) on shares of Dycom Industries in a research report on Thursday, May 25th. Finally, ValuEngine raised Dycom Industries from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Dycom Industries has a consensus rating of “Buy” and a consensus target price of $102.09.
Dycom Industries (NYSE DY) traded down 0.41% during mid-day trading on Friday, hitting $84.21. The stock had a trading volume of 660,809 shares. Dycom Industries has a 1-year low of $70.33 and a 1-year high of $110.64. The stock has a market cap of $2.62 billion, a PE ratio of 16.56 and a beta of 1.18. The firm’s 50-day moving average price is $90.07 and its 200-day moving average price is $91.52.
Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 24th. The construction company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.11. The firm had revenue of $786.30 million during the quarter, compared to analyst estimates of $736.20 million. Dycom Industries had a return on equity of 28.96% and a net margin of 5.30%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. On average, equities analysts expect that Dycom Industries will post $5.23 earnings per share 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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