Headlines about Daktronics (NASDAQ:DAKT) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Daktronics earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 47.3072472755563 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
DAKT has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Daktronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub downgraded shares of Daktronics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 6th. Finally, Sidoti initiated coverage on shares of Daktronics in a research note on Wednesday, January 24th. They issued a “neutral” rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $10.50.
Daktronics (DAKT) opened at $9.45 on Friday. Daktronics has a one year low of $7.84 and a one year high of $10.86. The company has a quick ratio of 1.53, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The company has a market cap of $417.61, a price-to-earnings ratio of 37.80 and a beta of 1.17.
Daktronics (NASDAQ:DAKT) last issued its earnings results on Tuesday, November 21st. The technology company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). Daktronics had a net margin of 1.89% and a return on equity of 5.56%. The business had revenue of $169.30 million during the quarter, compared to analysts’ expectations of $172.55 million. During the same period in the prior year, the business posted $0.20 EPS. The business’s revenue was down .4% on a year-over-year basis. sell-side analysts forecast that Daktronics will post 0.36 earnings per share for the current year.
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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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