Daktronics (DAKT) Releases Quarterly Earnings Results
Daktronics (NASDAQ:DAKT) issued its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.01, Analyst Ratings Network reports. The company had revenue of $115.40 million for the quarter, compared to the consensus estimate of $120.00 million.
Daktronics (NASDAQ:DAKT) opened at 14.28 on Tuesday. Daktronics has a 1-year low of $9.44 and a 1-year high of $16.09. The stock’s 50-day moving average is $14.61 and its 200-day moving average is $12.83. The company has a market cap of $613.1 million and a P/E ratio of 27.80.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Daktronics from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 15th. They now have a $16.20 price target on the stock. On the ratings front, analysts at Thomson Reuters/Verus downgraded shares of Daktronics from a “buy” rating to a “hold” rating in a research note on Monday, December 9th. Finally, analysts at Thomson Reuters/Verus downgraded shares of Daktronics from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Daktronics has an average rating of “Buy” and a consensus target price of $16.10.
Daktronics, Inc is a supplier of electronic scoreboards, large electronic display systems and related marketing services, digital messaging solutions, software and services for sporting, commercial and transportation applications.
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