In the latest quarter, 4 analysts provided ratings for Dycom Industries DY, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $155.5, along with a high estimate of $172.00 and a low estimate of $136.00. This upward trend is apparent, with the current average reflecting a 22.12% increase from the previous average price target of $127.33.
Investigating Analyst Ratings: An Elaborate Study
The standing of Dycom Industries among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Eric Luebchow | Wells Fargo | Raises | Overweight | $165.00 | $145.00 |
| Alex Rygiel | B. Riley Securities | Raises | Buy | $172.00 | $101.00 |
| Sangita Jain | Keybanc | Raises | Overweight | $149.00 | $136.00 |
| Sangita Jain | Keybanc | Announces | Overweight | $136.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Dycom Industries. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Dycom Industries compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Dycom Industries's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Dycom Industries's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Dycom Industries analyst ratings.
Get to Know Dycom Industries Better
Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries. its operating companies supply telecommunications providers with a comprehensive portfolio of specialty services, including program management; planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services and provides underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities. It also provides a range of construction, maintenance, and installation services, including the placement and splicing of fiber, copper, and coaxial cables. The company operates throughout the United States.
Understanding the Numbers: Dycom Industries's Finances
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Dycom Industries's revenue growth over a period of 3 months has been noteworthy. As of 31 January, 2024, the company achieved a revenue growth rate of approximately 3.81%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Dycom Industries's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 2.46%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Dycom Industries's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.22%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Dycom Industries's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.9%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Dycom Industries's debt-to-equity ratio surpasses industry norms, standing at 0.84. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
How Are Analyst Ratings Determined?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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