News headlines about Dycom Industries (NYSE:DY) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dycom Industries earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 46.5647814105331 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 stories that may have effected Accern’s analysis:
- IHS Markit Score Update: Drop in demand for ETFs holding Dycom Industries Inc is a negative sign for its shares (finance.yahoo.com)
- McCormick & Company, Incorporated (NYSE:MKC) Stake Increased by Trust Co. of Oklahoma (campdesrecrues.com)
- Bounding Shares, What’s Next for Dycom Industries, Inc. (NYSE:DY)? – FLBC News (flbcnews.com)
- Investor Update: Company Share Focus for Dycom Industries, Inc. (NYSE:DY) – Jonesboro Recorder (jonesbororecorder.com)
- Can Dycom Industries, Inc. (NYSE:DY) or Murphy USA Inc. (NYSE:MUSA) Grab Upward Traction? – FLBC News (flbcnews.com)
A number of equities analysts recently commented on DY shares. ValuEngine cut Dycom Industries from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Zacks Investment Research cut Dycom Industries from a “buy” rating to a “hold” rating in a report on Monday, May 15th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Dycom Industries in a report on Wednesday, April 19th. Stifel Nicolaus reissued a “buy” rating and set a $120.00 price target (up from $112.00) on shares of Dycom Industries in a report on Saturday, April 22nd. Finally, DA Davidson reissued a “neutral” rating and set a $97.00 price target (down from $105.00) on shares of Dycom Industries in a report on Sunday, May 28th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Dycom Industries presently has a consensus rating of “Buy” and a consensus price target of $102.09.
Dycom Industries (DY) traded up 0.83% during midday trading on Friday, reaching $84.99. The company’s stock had a trading volume of 362,926 shares. Dycom Industries has a one year low of $70.33 and a one year high of $110.64. The stock’s 50 day moving average price is $89.02 and its 200-day moving average price is $91.66. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 16.71 and a beta of 1.18.
Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 24th. The construction company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.11. The business had revenue of $786.30 million during the quarter, compared to the consensus estimate of $736.20 million. Dycom Industries had a net margin of 5.30% and a return on equity of 28.96%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 earnings per share. On average, analysts forecast that Dycom Industries will post $5.23 EPS for the current fiscal year.
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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