Daktronics, Inc. (NASDAQ:DAKT) posted its earnings results on Monday. The technology company reported $0.16 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $172.55 million. During the same quarter in the prior year, the firm earned $0.20 EPS. Daktronics’s revenue for the quarter was down .4% compared to the same quarter last year.
Shares of Daktronics (NASDAQ:DAKT) opened at $10.09 on Tuesday. Daktronics has a 1 year low of $7.84 and a 1 year high of $11.12. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $440.22, a price-to-earnings ratio of 34.28 and a beta of 1.23.
DAKT has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Daktronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub downgraded Daktronics from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, TheStreet upgraded Daktronics from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $11.83.
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In related news, insider Carla S. Gatzke sold 2,996 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $10.27, for a total value of $30,768.92. Following the sale, the insider now owns 435,063 shares in the company, valued at approximately $4,468,097.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Mulligan sold 37,307 shares of the business’s stock in a transaction 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 sale, 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. 8.20% of the stock is owned by insiders.
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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