For its second fiscal quarter (ending July 31), Dycom Industries Inc. (NYSE: DY) has reported E.P.S. of $2.35 compared to $2.05 a year ago. E.P.S. were $8.15 for the latest four quarters through July 31 versus $6.48 for the same period a year ago.
Recent Price Action
On 8/21/24, Dycom Industries Inc. (NYSE: DY) stock suffered a large decline of -7.5%, closing at $179.54. Moreover, exceptionally high trading volume at 519% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.6% 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Dycom Industries has a poor Appreciation Score of 24 but a very high Power Rating of 98, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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