Daktronics (DAKT) Earning Somewhat Positive Press Coverage, Report Finds
News coverage about Daktronics (NASDAQ:DAKT) has trended somewhat positive on Tuesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Daktronics earned a news impact score of 0.18 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 47.0324695807058 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Pelham signs lease agreement with University of Alabama’s hockey team (shelbycountyreporter.com)
- ETFs with exposure to Daktronics, Inc. : September 7, 2017 (finance.yahoo.com)
- Traders Sell Shares of Schlumberger NV (SLB) on Strength (SLB) (famososartistas.com)
- Recent predicts future of firms manufacturing LED stadium screens (whatech.com)
- Global LED stadium screens market forecast to 2021 just published (whatech.com)
A number of brokerages have recently weighed in on DAKT. Zacks Investment Research raised shares of Daktronics from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, August 24th. BidaskClub raised shares of Daktronics from a “sell” rating to a “hold” rating in a report on Friday, August 18th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Daktronics currently has an average rating of “Buy” and an average price target of $11.83.
Shares of Daktronics (NASDAQ DAKT) traded up 0.72% during mid-day trading on Tuesday, hitting $9.73. 139,135 shares of the stock were exchanged. The stock’s 50-day moving average is $9.54 and its 200-day moving average is $9.46. The stock has a market capitalization of $430.48 million, a price-to-earnings ratio of 33.44 and a beta of 1.25. Daktronics has a 52 week low of $7.84 and a 52 week high of $11.12.
Daktronics (NASDAQ:DAKT) last released its quarterly earnings data on Tuesday, August 22nd. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Daktronics had a net margin of 2.20% and a return on equity of 6.53%. The company had revenue of $172.70 million during the quarter, compared to analyst estimates of $165.00 million. During the same period last year, the business earned $0.13 earnings per share. Daktronics’s revenue was up 9.9% compared to the same quarter last year. Analysts forecast that Daktronics will post $0.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Monday, September 11th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.90%. Daktronics’s dividend payout ratio (DPR) is currently 96.56%.
In other news, Director John L. Mulligan sold 37,307 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $13.20, for a total value of $492,452.40. Following the completion of the transaction, the director now directly owns 67,182 shares in the company, valued at $886,802.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carla S. Gatzke sold 2,988 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $10.00, for a total transaction of $29,880.00. Following the completion of the transaction, the insider now owns 436,130 shares of the company’s stock, valued at $4,361,300. The disclosure for this sale can be found here. Insiders sold 56,295 shares of company stock valued at $679,612 over the last 90 days. 8.20% of the stock is owned by company insiders.
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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