Dycom Industries (DY) Reaches New Lifetime High Today - TheStreet

Trade-Ideas LLC identified

Dycom Industries

(

DY

) 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 $53.3 million.
  • DY has traded 106,622 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 35. Currently there are 4 analysts that rate Dycom Industries a buy, 1 analyst rates it a sell, and 2 rate it a hold.

The average volume for Dycom Industries has been 682,600 shares per day over the past 30 days. Dycom has a market cap of $2.7 billion and is part of the industrial goods sector and materials & construction industry. The stock has a beta of 1.03 and a short float of 11.2% with 5.91 days to cover. Shares are up 137.6% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Dycom Industries as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 15.7%. Since the same quarter one year prior, revenues rose by 20.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • 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 ($3.30 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 105.1% when compared to the same quarter one year prior, rising from $16.49 million to $33.83 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. In comparison to the other companies in the Construction & Engineering industry and the overall market, DYCOM INDUSTRIES INC's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.
  • Net operating cash flow has significantly increased by 237.65% to $18.32 million when compared to the same quarter last year. In addition, DYCOM INDUSTRIES INC has also vastly surpassed the industry average cash flow growth rate of 122.10%.

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