Latest news for Koc Holding (OTC:KHOLY) Stock

KOC HOLDINGS AS

Koc Holding is a Turkish conglomerate. The group's businesses operate in the energy refining, fuel distribution, liquefied petroleum gas distribution, power generation, natural gas, automotive, automotive retailing, farm tractors, defense, white goods, consumer electronics, air conditioning, banking, leasing, REIT, factoring, brokerage, asset-management, consumer finance, food production, food production distribution, do-it-yourself retailing, tourism, marina operations, information technology, and ship and yacht construction industries. The company operates five core business segments Energy, Automotive, Consumer durables, Finance and Other. The largest segment by sales is energy, containing the fuel distribution, refining, and power generation businesses.

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iShares MSCI Turkey Investable Market Index Fund

Turkey&#39;s stock market fell, bond yields rose after opposition party won 5 biggest cities in local elections, biggest setback for Erdogan&#39;s party.

Turkish Stock Markets Welcome Change: Will Erdoğan Defeat Prompt Economic Reforms?

KOC HOLDINGS AS UNSP/ADR by Koc Holdings A.S.

Koc Holding AS

AECOM (ACM) Pre-Earnings Insights: An Industrial Stock to Watch?

Dycom Industries (DY) recently disclosed its financial performance for the third quarter. Given the escalating demand for industrial and manufacturing services, does DY possess the strength and capabilities to not only survive but also flourish? Let's find out… With a market cap of $2.98 billion, Dycom Industries, Inc. (<a href="https://stocknews.com/stock/DY/">DY</a>) specializes in delivering contracting services to the telecommunications infrastructure and utility sectors within the United States. In addition, the company provides engineering services to telecommunications providers, as well as program and project management services.
DY reported its third-quarter results on November 21, 2023, surpassing analyst estimates. The company attributed its robust performance to change orders and the completion of several projects, resulting in a $26.50 million increase in contract revenues.
Furthermore, the company forecasts approximately $50 million in acquired contract revenues for the quarter ending on January 27, 2024. Additionally, the expected non-GAAP <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> as a percentage of contract revenues for the same period is anticipated to grow by 75 to 125 basis points compared to the quarter ending January 28, 2023.
Moreover, on August 23, DY acquired Bigham Cable Construction, Inc., which specializes in offering telecommunications construction services in the southeastern United States. This strategic acquisition enhances DY's customer portfolio, extends its geographic reach, and bolsters its capacity to capitalize on growth prospects in rural broadband deployments.
In terms of price performance, the company's shares have surged 25.7% over the past nine months and 20.1% over the past month to close the last trading session at $101.68.
Here are the factors that could affect DY's performance in the near term:
Robust Financials
For the fiscal third quarter that ended on October 28, 2023, DY's total contract revenues increased 8.9% from the prior-year quarter to $1.14 billion, while the company's income before income taxes rose 62.5% from the year-ago value to $112.37 million.
Furthermore, during the same period, DY's net income and EPS came in at $83.74 million and $2.82, up 55% and 56.7% year-over-year, respectively. Also, its non-GAAP adjusted EBITDA grew 45.6% from the year-ago value to $166.78 million.
Solid Historical Growth
Over the past three years, DY's revenue and EBIT have grown at CAGRs of 9.1% and 42.2%, respectively. In addition, the company's net income and EPS have improved at CAGRs of 100.5% and 105.3% during the same period, respectively.
High Profitability
The stock's trailing-12-month CAPEX/Sales of 5.17% is 73.2% higher than the 2.98% industry average. Its trailing-12-month Return On Common Equity (ROCE) of 23.04% is 88.4% higher than the industry average of 6.90%. Furthermore, DY's trailing-12-month asset turnover ratio of 1.67x is 108.7% higher than the 0.80x industry average.
Discounted Valuation
In terms of forward non-GAAP P/E, DY's is trading at 13.58x, 21.5% lower than the industry average of 17.30x. Likewise, its forward EV/EBITDA multiple of 8.04x is 26.9% lower than the industry average of 9.65x. Furthermore, its forward non-GAAP PEG of 0.89x is 45.4% lower than the industry average of 1.63x.
POWR Ratings Exhibit Solid Prospects
DY's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings are calculated by accounting for 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. DY has a B grade for momentum justified by the stock currently trading higher than its 200-day moving average of $95.23 and 50-day moving average of $87.12, indicating an uptrend.
Within the A-rated <a href="https://stocknews.com/category/industrial-services/">Industrial - Services</a> industry, DY is ranked #29 out of the 80 stocks.
Beyond what we've stated above, we have also rated the stock for Growth, Value, Stability, Sentiment, and Quality. Get all ratings of DY <a href="https://stocknews.com/stock/DY/">here</a>.
Bottom Line
As DY showcases resilience and growth in its recent financial performance, the company emerges as a compelling consideration for investors seeking opportunities in the industrial sector. Moreover, considering the stock's high profitability and exceptional performance in the third quarter, its discounted valuation adds an extra layer of attractiveness. Hence, the stock might be a solid buy now.
How Does Dycom Industries, Inc. (DY) Stack Up Against Its Peers?  
While DY has an overall grade of B, equating to a Buy rating, you may also check out these other stocks within the <a href="https://stocknews.com/category/industrial-services/">Industrial - Services</a> industry: IES Holdings, Inc. (<a href="https://stocknews.com/stock/IESC/">IESC</a>), Koç Holding A.S. (<a href="https://stocknews.com/stock/KHOLY/">KHOLY</a>), and EMCOR Group, Inc. (<a href="https://stocknews.com/stock/EME/">EME</a>), with an A (Strong Buy) rating. For exploring more Industrial - Services stocks, <a href="https://stocknews.com/category/industrial-services/">click here</a>.    
What To Do Next?
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DY shares were trading at $103.05 per share on Wednesday morning, up $1.37 (+1.35%). Year-to-date, DY has gained 10.10%, versus a 20.36% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Mukherjee</h2> <img src='https:/wp-content/uploads/2023/06/Anushka-Mukherjee_Headshot-2.jpg' style="float:left; padding:5px;width:125px;">Anushka's ultimate aim is to equip investors with essential knowledge that empowers them to make well-informed investment choices and attain sustained financial prosperity in the long run.<a href="https://stocknews.com/authors/?author=anushka-mukherjee">More...</a>The post <a href=https://stocknews.com/news/dy-iesc-kholy-eme-assessing-dycom-industries-dy-post-q3-earnings-a-buy/>Assessing Dycom Industries (DY) Post Q3 Earnings – a Buy or Pass?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Assessing Dycom Industries (DY) Post Q3 Earnings – a Buy or Pass?

TUR On A Tear Despite Suffocating Inflation

Koç Holding A.S. goes ex dividend tomorrow

BMBRF

IESC

URTH

Koc Holding

Turkey&#8217;s stock market dipped on Monday while government bond yields jumped, following a resounding defeat for President Recep Tayyip Erdoğan's&nbsp;ruling Justice and Development party (AKP) in this weekend&#8217;s local elections.



The main opposition Republican People&#8217;s party (CHP) scored wins in Turkey&#8217;s five biggest cities — Istanbul, capital Anakara, Izmir, Bursa and Antalya — leaving Erdoğan facing his biggest political setback since he came to power as prime minister in 2003.



Markets don&#8217;t tend to like change, unless change is desperately needed — and with inflation running close to 70%, investors appeared agree with the voters. Equity investors remained upbeat, while the lira currency gained. Bond yields jumped, however, pushing prices lower. 



<ul>
<li>The country&#8217;s main stock index, the BIST 100, initially dipped 0.5%, then turned 0.7% higher.</li>



<li>On the foreign exchange market the lira climbed 1.2% against the dollar.</li>



<li>Bond yields jumped, with the benchmark 10-year yield adding 152 basis points to 26.7%.</li>



<li>The iShares MSCI Turkey ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUR#NYSE">TUR</a>), the only exchange-traded fund (ETF) that offers exclusive exposure to Turkish shares, gained 2.1% in early trade.</li>
</ul>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/01103845/newplot-2024-04-01T153822.345.png" alt="" class="wp-image-271986" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/01103845/newplot-2024-04-01T153822.345.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/01103845/newplot-2024-04-01T153822.345-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>



Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/38005195/sticky-inflation-persists-feds-preferred-measure-climbs-analysts-sound-off">Sticky Inflation Persists: Fed&#8217;s Preferred Measure Climbs, Analysts Sound Off</a>



<h3 class="wp-block-heading">Istanbul And Ankara Defeats For Erdoğan</h3>



In Istanbul, Mayor Ekrem İmamoğlu, who first won the city from the AKP in 2019, held on for the CHP, winning by 10 percentage points.



&#8220;Istanbul has delivered its message,&#8221; İmamoğlu told supporters gathered in the main city square. &#8220;The era of one person's tutelage is over.&#8221;



In Ankara, the opposition&#8217;s win was even more emphatic, as Mayor Mansur Yavas held the city by securing more than 60% of the vote.



Analysts saw the defeat for Erdoğan as a major pushback by voters against the AKP&#8217;s economic record as the rate of inflation in Turkey nears 70%.



Erdoğan served as prime minister between 2003-2014 and, under his presidency since 2014, he presided over a 2017 constitutional referendum that dissolved the senior role of prime minister, leaving the president as the main source of power, following his defeat of an attempted military coup in July 2016.



However, the weekend&#8217;s local election results are the first time Erdoğan&#8217;s party, described generally has hardline right, although the AKP denies it is Islamist, has suffered a national defeat.



The AKP held on to many of its stronghold districts in the center and east of the country, but Erdoğan acknowledged it had not gone well. He stopped short of marking it down as a defeat, however, calling it &#8220;a turning point.&#8221;



Although his current presidential term, due to end in 2028, is set to be his last under constitutional law, some political analysts were expecting further constitutional reforms to allow him to run for a further term had the results at these local elections gone better.



<h3 class="wp-block-heading">U.S. Related Stocks</h3>



<ul>
<li>The iShares MSCI Turkey ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUR#NYSE">TUR</a>), which holds stocks in the country&#8217;s major listed companies — including some that have American Depository Receipts on over-the-counter exchanges in the U.S. — was up 2.1%.</li>



<li>Among the ETF&#8217;s biggest stocks, Koc Holdings AS (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KHOLY#OTC">KHOLY</a>), an industrial and financial conglomerate controlled by the Koc family, was up 1.7%.</li>



<li>Akbank Turk Anonim Sirketi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AKBTY#OTC">AKBTY</a>), Turkey&#8217;s largest financial services group gained 5.8%.</li>



<li>Ford Otomotiv Sanayi AS (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FOVSY#OTC">FOVSY</a>), a motor manufacturer that is jointly owned by Koc Holdings and Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), was unmoved.</li>



<li>Turk Hava Yollari AO (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TKHVY#OTC">TKHVY</a>), the domestic listed name for Turkish Airlines, was similarly flat in early trade.</li>
</ul>



Now Read: <a href="https://www.benzinga.com/news/24/03/38007141/israel-to-return-to-cease-fire-negotiations-but-strikes-on-gaza-and-syria-continue">Israel To Return To Cease-Fire Negotiations, But Strikes On Gaza And Syria Continue</a>



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