Daktronics (DAKT) Receives New Coverage from Analysts at Sidoti

Stock analysts at Sidoti began coverage on shares of Daktronics (NASDAQ:DAKT) in a report released on Wednesday, The Fly reports. The firm set a “neutral” rating on the technology company’s stock.

DAKT has been the topic of several other 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, TheStreet upgraded shares of Daktronics from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Daktronics presently has an average rating of “Hold” and an average price target of $10.75.

Daktronics (NASDAQ:DAKT) remained flat at $$9.49 during mid-day trading on Wednesday. 144,900 shares of the stock traded hands, compared to its average volume of 141,973. The company has a quick ratio of 1.53, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. Daktronics has a 1-year low of $7.84 and a 1-year high of $10.86. The firm has a market capitalization of $422.06, a price-to-earnings ratio of 37.96 and a beta of 1.23.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $172.55 million. During the same quarter last year, the company posted $0.20 earnings per share. The company’s revenue was down .4% on a year-over-year basis. analysts expect that Daktronics will post 0.36 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mondrian Investment Partners LTD lifted its position in Daktronics by 13.3% during the fourth quarter. Mondrian Investment Partners LTD now owns 327,578 shares of the technology company’s stock worth $2,991,000 after purchasing an additional 38,503 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Daktronics by 8.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 170,649 shares of the technology company’s stock worth $1,559,000 after purchasing an additional 13,270 shares during the period. North Star Investment Management Corp. lifted its position in Daktronics by 120.7% during the fourth quarter. North Star Investment Management Corp. now owns 92,700 shares of the technology company’s stock worth $846,000 after purchasing an additional 50,700 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Daktronics during the third quarter worth about $246,000. Finally, GSA Capital Partners LLP lifted its position in Daktronics by 72.0% during the third quarter. GSA Capital Partners LLP now owns 67,605 shares of the technology company’s stock worth $715,000 after purchasing an additional 28,300 shares during the period. 53.75% of the stock is owned by institutional investors and hedge funds.

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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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