Daktronics, Inc. (NASDAQ:DAKT) Scheduled to Post Quarterly Earnings on Monday
Daktronics, Inc. (NASDAQ:DAKT) will be issuing its quarterly earnings data before the market opens on Monday, August 21st. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
Daktronics (NASDAQ:DAKT) last issued its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.04. The company had revenue of $143.70 million for the quarter, compared to analysts’ expectations of $141.50 million. Daktronics had a net margin of 1.76% and a return on equity of 5.14%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share. On average, analysts expect Daktronics to post $0.36 EPS for the current fiscal year and $0.42 EPS for the next fiscal year.
Daktronics, Inc. (NASDAQ DAKT) opened at 9.40 on Monday. The stock has a market capitalization of $415.32 million, a P/E ratio of 40.87 and a beta of 1.30. Daktronics, Inc. has a 12 month low of $6.75 and a 12 month high of $11.12. The firm’s 50-day moving average is $9.63 and its 200-day moving average is $9.55.
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In other news, Director John L. Mulligan sold 37,307 shares of Daktronics stock in a transaction on Monday, September 18th. The stock was sold at an average price of $13.20, for a total transaction of $492,452.40. Following the completion of the sale, the director now directly owns 67,182 shares in the company, valued at $886,802.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nancy D. Frame sold 3,525 shares of Daktronics stock in a transaction on Friday, June 9th. The stock was sold at an average price of $9.84, for a total value of $34,686.00. Following the sale, the director now owns 58,881 shares of the company’s stock, valued at $579,389.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,661 shares of company stock valued at $791,626. Corporate insiders own 8.20% of the company’s stock.
DAKT has been the subject of several research analyst reports. Zacks Investment Research upgraded Daktronics from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. BidaskClub upgraded Daktronics from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Daktronics has a consensus rating of “Hold” and an average target price of $12.17.
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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