tiprankstipranks
Taking Stock of Dycom’s Updated Risk Factor
Market News

Taking Stock of Dycom’s Updated Risk Factor

Shares of specialty contracting services provider Dycom Industries, Inc. (DY) have gained 34.3% over the past six months. This week, Dycom appointed Stephen C. Robinson as a Director. Robinson has previously served as a U.S. District Judge for the Southern District of New York and as the Chief Compliance Officer of Aetna U.S. Healthcare.

Recently, the company’s third-quarter performance surpassed expectations on both top-line and bottom-line fronts. Revenue increased 5.4% year-over-year to $854 million, beating estimates by $38.8 million. Earnings per share of $0.95 beat estimates by $0.26.

With these developments in mind, let’s look at what’s changed in Dycom’s key risk factors that investors should know.

Risk Factors

According to the TipRanks’ Risk Factors tool, Dycom’s top risk category is Finance & Corporate, which contributes 33% to the total 46 risks identified. In its recent quarterly report, the company has changed one key risk factor under the Macro & Political risk category.

Dycom highlights that the present COVID-19 pandemic has had an adverse impact on its business. The company expects this impact to continue posing challenges that could potentially disrupt its business and negatively impact its financial condition.

Further, Dycom’s ability to perform its work hinges on the effectiveness of COVID-19 vaccination programs in the markets where it operates and the participation of its employees and subcontractor’s workers in the vaccination programs.

The Macro & Political risk factor’s sector average is at 11%, compared to Dycom’s 7%.

Tracking Insiders

Keeping a tab on insiders stocks can provide timely insights to retail investors. TipRanks data on Insider Activity points that insiders have bought Dycom shares worth $168.2 thousand in the last three months, indicating a positive insider confidence signal for the stock based on two insider transactions in the last three months.

Download the mobile app now, available on iOS and Android.

Related News:
CNH Industrial Completes Demerger with Iveco Group; Shares Rise
Garmin Acquires Vesper Marine  
Southwest Airlines, SkyWest Cancel Flights Amid Rising Omicron & Staff Shortages

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles