Dycom Industries Inc. (NYSE: DY) has reported earnings for its fourth fiscal quarter (ending January 31) of $0.80 versus $0.84 for the same period a year ago — a decline of -5%. This performance was $-0.17 short of the consensus estimate of $0.97. E.P.S. were $7.46 for the latest four quarters through January 31 versus $4.81 for the same period a year ago — an increase of 55%.
Recent Price Action
Dycom Industries Inc. (NYSE: DY) stock closed at $126.57 on 2/28/24 after a large increase of 3.2%. Moreover, exceptionally high trading volume at 353% of normal accompanied the advance. The stock has risen 10.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
DY’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Dycom Industries has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Dycom Industries has a poor Appreciation Score of 25 but a good Power Rating of 77, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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