News headlines about Dycom Industries (NYSE:DY) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dycom Industries earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 47.0988981697068 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s analysis:
- B. Riley Research Analysts Boost Earnings Estimates for Dycom Industries, Inc. (DY) (americanbankingnews.com)
- Q1 2019 Earnings Forecast for Dycom Industries, Inc. (DY) Issued By B. Riley (americanbankingnews.com)
- Zacks: Analysts Expect Dycom Industries, Inc. (DY) Will Announce Quarterly Sales of $662.88 Million (americanbankingnews.com)
- Dycom Industries Target of Unusually Large Options Trading (DY) (americanbankingnews.com)
DY has been the subject of several recent analyst reports. Craig Hallum restated a “buy” rating and set a $114.00 target price (up previously from $90.00) on shares of Dycom Industries in a research note on Tuesday, November 21st. Deutsche Bank initiated coverage on Dycom Industries in a research note on Tuesday, September 26th. They set a “buy” rating and a $103.00 target price for the company. B. Riley restated a “buy” rating and set a $119.00 target price (up previously from $98.00) on shares of Dycom Industries in a research note on Friday, November 17th. Stifel Nicolaus boosted their target price on Dycom Industries from $93.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Finally, ValuEngine upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $115.10.
Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.09. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The company had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $729.35 million. During the same quarter in the previous year, the business earned $1.67 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. research analysts predict that Dycom Industries will post 4.09 EPS for the current fiscal year.
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Dycom Industries Company Profile
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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