ValuEngine upgraded shares of Daktronics (NASDAQ:DAKT) from a sell rating to a hold rating in a research report report published on Wednesday, March 7th.
A number of other equities research analysts have also weighed in on DAKT. BidaskClub lowered shares of Daktronics from a sell rating to a strong sell rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Daktronics from a hold rating to a sell rating in a research report on Tuesday, December 5th. Sidoti began coverage on shares of Daktronics in a research report on Wednesday, January 24th. They set a neutral rating and a $10.00 price objective on the stock. Finally, TheStreet cut shares of Daktronics from a b- rating to a c+ rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has a consensus rating of Hold and an average target price of $10.50.
Shares of Daktronics (DAKT) opened at $9.19 on Wednesday. The stock has a market cap of $413.17, a PE ratio of 39.96 and a beta of 1.16. The company has a current ratio of 2.18, a quick ratio of 1.60 and a debt-to-equity ratio of 0.08. Daktronics has a 1-year low of $8.58 and a 1-year high of $10.86.
Daktronics (NASDAQ:DAKT) last posted its earnings results on Tuesday, February 20th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.11). Daktronics had a return on equity of 7.11% and a net margin of 1.67%. The business had revenue of $130.32 million during the quarter, compared to analysts’ expectations of $123.84 million. During the same quarter in the previous year, the business earned ($0.12) EPS. Daktronics’s revenue for the quarter was up 12.6% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Monday, March 12th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.05%. Daktronics’s dividend payout ratio is currently 121.74%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in Daktronics by 0.5% in the second quarter. UBS Asset Management Americas Inc. now owns 12,084 shares of the technology company’s stock worth $116,000 after purchasing an additional 64 shares during the period. Teacher Retirement System of Texas purchased a new stake in Daktronics in the fourth quarter worth $119,000. Stevens Capital Management LP purchased a new stake in Daktronics in the third quarter worth $120,000. Jane Street Group LLC purchased a new stake in Daktronics in the third quarter worth $130,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Daktronics in the fourth quarter worth $144,000. Hedge funds and other institutional investors own 56.07% of the company’s stock.
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Daktronics Company Profile
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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