Dycom Industries (DY) Earns Daily News Sentiment Score of 0.09
News coverage about Dycom Industries (NYSE:DY) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dycom Industries earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 47.5931872629066 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Dycom Industries Inc (DY) Files 10-K for the Fiscal Year Ended on July 31, 2017 (finance.yahoo.com)
- Craig Hallum Analysts Lower Earnings Estimates for Dycom Industries, Inc. (DY) (americanbankingnews.com)
- DA Davidson Weighs in on Dycom Industries, Inc.’s Q1 2018 Earnings (DY) (americanbankingnews.com)
- Dycom Industries Inc (DY) Files 10-K for the Fiscal Year Ended on July 31, 2017 – Nasdaq (nasdaq.com)
- Dycom Industries (DY) Q4 Earnings Beat Estimates, Sales Miss – Yahoo Finance (finance.yahoo.com)
Shares of Dycom Industries (NYSE:DY) opened at 81.76 on Tuesday. The firm has a market cap of $2.54 billion, a P/E ratio of 16.08 and a beta of 1.26. The stock has a 50 day moving average of $84.51 and a 200 day moving average of $91.74. Dycom Industries has a 52 week low of $70.33 and a 52 week high of $110.64.
Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.03. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The business had revenue of $780.20 million for the quarter, compared to analysts’ expectations of $798.62 million. During the same quarter in the prior year, the business earned $1.64 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts forecast that Dycom Industries will post $4.37 earnings per share for the current year.
A number of equities analysts have recently commented on DY shares. Zacks Investment Research lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. ValuEngine lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Canaccord Genuity dropped their price target on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 31st. BidaskClub lowered shares of Dycom Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Finally, DA Davidson reissued a “neutral” rating and issued a $97.00 price target (down previously from $105.00) on shares of Dycom Industries in a research report on Sunday, May 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $105.94.
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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