Daktronics Inc. (DAKT) Scheduled to Post Earnings on Tuesday
Daktronics Inc. (NASDAQ:DAKT) will be releasing its earnings data before the market opens on Tuesday, November 22nd. Analysts expect Daktronics to post earnings of $0.11 per share for the quarter.
Daktronics (NASDAQ:DAKT) last announced its quarterly earnings results on Tuesday, August 23rd. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.08. Daktronics had a return on equity of 1.87% and a net margin of 0.66%. The company earned $157.10 million during the quarter. During the same quarter in the previous year, the company posted $0.09 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. On average, analysts expect Daktronics to post $0.22 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Daktronics Inc. (NASDAQ:DAKT) opened at 9.34 on Friday. The company has a market capitalization of $409.76 million, a PE ratio of 107.36 and a beta of 1.39. The stock has a 50 day moving average price of $8.85 and a 200-day moving average price of $7.92. Daktronics Inc. has a 52 week low of $5.92 and a 52 week high of $10.19.
A number of equities research analysts recently commented on the stock. Needham & Company LLC lifted their price target on shares of Daktronics from $8.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, August 24th. Zacks Investment Research lowered shares of Daktronics from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KCG Holdings Inc. acquired a new position in Daktronics during the third quarter worth $100,000. BlackRock Inc. raised its position in Daktronics by 3.5% in the third quarter. BlackRock Inc. now owns 11,250 shares of the company’s stock worth $107,000 after buying an additional 382 shares during the period. BlackRock Advisors LLC raised its position in Daktronics by 1.0% in the third quarter. BlackRock Advisors LLC now owns 18,919 shares of the company’s stock worth $180,000 after buying an additional 193 shares during the period. Thrivent Financial for Lutherans raised its position in Daktronics by 7.6% in the second quarter. Thrivent Financial for Lutherans now owns 19,150 shares of the company’s stock worth $120,000 after buying an additional 1,350 shares during the period. Finally, Arizona State Retirement System raised its position in Daktronics by 1.0% in the second quarter. Arizona State Retirement System now owns 20,091 shares of the company’s stock worth $126,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 44.74% of the company’s stock.
Daktronics Company Profile
Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
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