Dycom Industries (DY) Earns Media Impact Score of 0.20

News stories about Dycom Industries (NYSE:DY) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. 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 coverage optimism score of 0.20 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 47.2487025783511 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Dycom Industries (NYSE DY) traded down $0.78 during trading hours on Tuesday, reaching $119.82. 285,451 shares of the company were exchanged, compared to its average volume of 488,587. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16. The firm has a market capitalization of $3,710.00, a P/E ratio of 28.33, a P/E/G ratio of 2.35 and a beta of 1.38. Dycom Industries has a 1 year low of $73.95 and a 1 year high of $120.98.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.09. The firm had revenue of $756.20 million during the quarter, compared to the consensus estimate of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share. analysts predict that Dycom Industries will post 4.09 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the company. KeyCorp reaffirmed a “buy” rating and set a $118.00 price objective on shares of Dycom Industries in a report on Thursday, December 21st. ValuEngine upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stifel Nicolaus reiterated a “buy” rating and set a $126.00 target price (up previously from $120.00) on shares of Dycom Industries in a research note on Monday, December 11th. Stephens increased their target price on shares of Dycom Industries from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. Dycom Industries presently has an average rating of “Buy” and a consensus price target of $115.10.

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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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