Media headlines about Dycom Industries (NYSE:DY) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Dycom Industries earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 45.7370147462489 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
DY stock opened at $105.59 on Monday. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $3,293.14, a PE ratio of 27.21, a P/E/G ratio of 1.50 and a beta of 1.46. Dycom Industries has a 1 year low of $73.95 and a 1 year high of $123.99.
Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $655.13 million during the quarter, compared to analyst estimates of $655.72 million. Dycom Industries had a return on equity of 18.67% and a net margin of 5.08%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 earnings per share. equities research analysts predict that Dycom Industries will post 5.71 EPS for the current fiscal year.
DY has been the subject of several analyst reports. Stephens boosted their price objective on Dycom Industries from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. KeyCorp reiterated a “buy” rating and set a $118.00 price objective on shares of Dycom Industries in a research note on Thursday, December 21st. Wells Fargo boosted their price objective on Dycom Industries from $108.50 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. ValuEngine upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, B. Riley boosted their price objective on Dycom Industries from $132.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $122.00.
In other news, Director Patricia Higgins sold 2,604 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $109.08, for a total value of $284,044.32. Following the completion of the sale, the director now directly owns 30,246 shares in the company, valued at $3,299,233.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.35% of the stock is owned by corporate insiders.
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About Dycom Industries
Dycom Industries, Inc provides specialty contracting services in the United States and Canada. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.
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