Dycom Industries Inc. (NYSE: DY) has reported earnings for its first fiscal quarter (ending April 30) of $2.15 versus $1.75 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $7.85 versus $5.90 for the same period a year ago.
Recent Price Action
On 5/22/24, Dycom Industries Inc. (NYSE: DY) stock enjoyed a very large increase of 8.3%, closing at $167.14. Moreover, exceptionally high trading volume at 269% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 11.6% during the last week.
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 B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Dycom Industries has a slightly negative Appreciation Score of 32 but a very high Power Rating of 95, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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