ValuEngine lowered shares of Daktronics (NASDAQ:DAKT) from a hold rating to a sell rating in a research report report published on Saturday morning.
Several other equities research analysts also recently commented on DAKT. BidaskClub raised Daktronics from a strong sell rating to a sell rating in a report on Monday, February 5th. TheStreet downgraded 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, two have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $10.50.
Daktronics opened at $8.02 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.44 and a current ratio of 2.01. Daktronics has a 12 month low of $7.85 and a 12 month high of $10.86. The firm has a market capitalization of $353.57 million, a price-to-earnings ratio of 36.14 and a beta of 1.10.
Daktronics (NASDAQ:DAKT) last released its earnings results on Wednesday, May 30th. The technology company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.14). Daktronics had a return on equity of 4.81% and a net margin of 0.91%. The company had revenue of $138.20 million during the quarter, compared to the consensus estimate of $145.16 million. During the same period last year, the firm posted $0.07 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 21st. Stockholders of record on Monday, June 11th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Friday, June 8th.
In other news, insider Carla S. Gatzke sold 6,000 shares of the company’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $10.00, for a total transaction of $60,000.00. Following the transaction, the insider now directly owns 432,063 shares of the company’s stock, valued at $4,320,630. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. KBC Group NV bought a new position in shares of Daktronics during the first quarter valued at $100,000. Commonwealth Equity Services LLC bought a new position in shares of Daktronics during the first quarter valued at $101,000. SG Americas Securities LLC bought a new position in shares of Daktronics during the first quarter valued at $106,000. Barclays PLC lifted its holdings in shares of Daktronics by 127.2% during the first quarter. Barclays PLC now owns 12,882 shares of the technology company’s stock valued at $114,000 after purchasing an additional 7,213 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Daktronics during the fourth quarter valued at $119,000. 57.61% of the stock is currently owned by hedge funds and other institutional investors.
Daktronics Company Profile
Daktronics, Inc designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation, as well as controllers; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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