New Lifetime High Reached: Dycom Industries (DY)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Dycom Industries as such a stock due to the following factors:
- DY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $57.0 million.
- DY has traded 6,286 shares today.
- DY is trading at a new lifetime high.
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More details on DY:
Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. DY has a PE ratio of 27. Currently there are 8 analysts that rate Dycom Industries a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for Dycom Industries has been 646,600 shares per day over the past 30 days. Dycom has a market cap of $2.8 billion and is part of the industrial goods sector and materials & construction industry. The stock has a beta of 1.51 and a short float of 16.2% with 8.15 days to cover. Shares are up 27.3% year-to-date as of the close of trading on Tuesday.
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Analysis:
rates Dycom Industries as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 9.4%. Since the same quarter one year prior, revenues rose by 35.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 72.41% and other important driving factors, this stock has surged by 52.52% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- DYCOM INDUSTRIES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, DYCOM INDUSTRIES INC increased its bottom line by earning $2.41 versus $1.15 in the prior year. This year, the market expects an improvement in earnings ($4.41 versus $2.41).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Construction & Engineering industry. The net income increased by 63.3% when compared to the same quarter one year prior, rising from $20.26 million to $33.08 million.
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Construction & Engineering industry and the overall market, DYCOM INDUSTRIES INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
- You can view the full Dycom Industries Ratings Report.
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