Daktronics (DAKT) Given News Impact Score of -0.03
Press coverage about Daktronics (NASDAQ:DAKT) has trended somewhat negative on Tuesday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Daktronics earned a media sentiment score of -0.03 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.4839724947381 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Daktronics (NASDAQ:DAKT) opened at $9.39 on Tuesday. The firm has a market capitalization of $417.61, a P/E ratio of 37.24 and a beta of 1.22. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.53 and a current ratio of 2.04. Daktronics has a fifty-two week low of $7.84 and a fifty-two week high of $11.12.
Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The firm had revenue of $169.30 million for the quarter, compared to analyst estimates of $172.55 million. Daktronics had a return on equity of 5.56% and a net margin of 1.89%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. analysts predict that Daktronics will post 0.36 earnings per share for the current year.
A number of research firms have recently issued reports on DAKT. Zacks Investment Research cut Daktronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. TheStreet raised Daktronics from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Finally, BidaskClub cut Daktronics from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Daktronics currently has an average rating of “Hold” and a consensus target price of $11.83.
In related news, insider Carla S. Gatzke sold 2,996 shares of Daktronics stock in a transaction that occurred on Monday, October 23rd. The stock was 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 of the company’s stock, valued at approximately $4,468,097.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 8.20% of the company’s stock.
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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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