Daktronics, Inc. (DAKT) Set to Announce Earnings on Monday
Daktronics, Inc. (NASDAQ:DAKT) will post its quarterly earnings results before the market opens on Monday, November 20th. Analysts expect Daktronics to post earnings of $0.17 per share for the quarter.
Daktronics (NASDAQ:DAKT) last posted its earnings results on Tuesday, August 22nd. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. Daktronics had a net margin of 2.20% and a return on equity of 6.53%. The business had revenue of $172.70 million for the quarter, compared to the consensus estimate of $165.00 million. During the same period last year, the company earned $0.13 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year.
Shares of Daktronics, Inc. (NASDAQ:DAKT) opened at $9.94 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 0.08. Daktronics, Inc. has a 1 year low of $7.84 and a 1 year high of $11.12. The company has a market cap of $440.22, a P/E ratio of 34.28 and a beta of 1.23.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Daktronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. TheStreet upgraded shares of Daktronics from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. Finally, BidaskClub upgraded shares of Daktronics from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $11.83.
In other news, insider Carla S. Gatzke sold 2,988 shares of the business’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 value of $29,880.00. Following the transaction, the insider now owns 436,130 shares in the company, valued at approximately $4,361,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Mulligan sold 37,307 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $13.20, for a total transaction of $492,452.40. Following the completion of the transaction, the director now owns 67,182 shares in the company, valued at approximately $886,802.40. The disclosure for this sale can be found here. Insiders sold a total of 43,291 shares of company stock worth $553,101 in the last 90 days. Corporate insiders own 8.20% of the company’s stock.
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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