Daktronics (NASDAQ:DAKT) Releases Quarterly Earnings Results, Meets Expectations

Daktronics (NASDAQ:DAKT) announced its quarterly earnings data on Wednesday. The technology company reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16, Briefing.com reports. Daktronics had a return on equity of 0.76% and a net margin of 0.25%. The company had revenue of $174.90 million for the quarter, compared to analyst estimates of $177.22 million. During the same quarter last year, the firm earned $0.19 EPS. Daktronics’s revenue for the quarter was up 1.3% compared to the same quarter last year.

Shares of NASDAQ:DAKT opened at $6.28 on Thursday. Daktronics has a 1-year low of $5.78 and a 1-year high of $9.14. The firm has a market capitalization of $308.36 million, a PE ratio of 171.50 and a beta of 0.91. The business’s 50 day moving average is $6.94 and its 200-day moving average is $6.73. The company has a current ratio of 1.78, a quick ratio of 1.23 and a debt-to-equity ratio of 0.08.

Several analysts have recently weighed in on the company. BidaskClub lowered Daktronics from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 19th. ValuEngine raised Daktronics from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

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; 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.

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Earnings History for Daktronics (NASDAQ:DAKT)

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