Daktronics, Inc. (DAKT) Issues Quarterly Earnings Results
Daktronics, Inc. (NASDAQ:DAKT) posted its earnings results on Monday. The technology company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01), RTT News reports. Daktronics had a net margin of 2.20% and a return on equity of 6.53%. The business had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $172.55 million. During the same quarter last year, the business posted $0.20 earnings per share. The business’s revenue was down .4% compared to the same quarter last year.
Shares of Daktronics (NASDAQ DAKT) traded down $0.09 during midday trading on Tuesday, hitting $10.00. 23,250 shares of the stock were exchanged, compared to its average volume of 140,243. The stock has a market capitalization of $440.22, a P/E ratio of 34.28 and a beta of 1.23. Daktronics has a 1-year low of $7.84 and a 1-year high of $11.12. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 0.08.
In other news, insider Carla S. Gatzke sold 2,996 shares of Daktronics stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $10.27, for a total transaction of $30,768.92. Following the completion of the sale, the insider now directly owns 435,063 shares in the company, valued at $4,468,097.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Mulligan sold 37,307 shares of Daktronics stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $13.20, for a total transaction of $492,452.40. Following the sale, the director now owns 67,182 shares of the company’s stock, valued at $886,802.40. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/21/daktronics-inc-dakt-issues-quarterly-earnings-results.html.
Several equities analysts have weighed in on the stock. TheStreet upgraded shares of Daktronics from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. BidaskClub downgraded shares of Daktronics from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research upgraded shares of Daktronics from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $11.83.
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.
Receive News & Stock Ratings for Daktronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daktronics Inc. and related stocks with our FREE daily email newsletter.