Sidoti Forecasts Daktronics’ Q1 Earnings (NASDAQ:DAKT)

Daktronics, Inc. (NASDAQ:DAKT) – Equities research analysts at Sidoti lowered their Q1 2027 EPS estimates for Daktronics in a research note issued to investors on Thursday, June 25th. Sidoti analyst A. Soderstrom now forecasts that the technology company will post earnings per share of $0.36 for the quarter, down from their previous forecast of $0.39. The consensus estimate for Daktronics’ current full-year earnings is $1.30 per share. Sidoti also issued estimates for Daktronics’ Q2 2027 earnings at $0.39 EPS, Q3 2027 earnings at $0.10 EPS, Q4 2027 earnings at $0.35 EPS, FY2027 earnings at $1.21 EPS and Q4 2028 earnings at $0.42 EPS.

A number of other brokerages have also commented on DAKT. Weiss Ratings raised Daktronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen raised Daktronics from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Roth Mkm assumed coverage on shares of Daktronics in a research report on Wednesday, June 10th. They issued a “buy” rating and a $26.00 target price for the company. Finally, Zacks Research raised shares of Daktronics from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.00.

Daktronics Stock Performance

NASDAQ:DAKT opened at $19.53 on Monday. The stock has a market cap of $942.91 million, a P/E ratio of 21.46, a PEG ratio of 0.50 and a beta of 1.66. The stock has a 50 day simple moving average of $19.88 and a 200 day simple moving average of $21.10. The company has a current ratio of 2.31, a quick ratio of 1.74 and a debt-to-equity ratio of 0.18. Daktronics has a 1-year low of $14.86 and a 1-year high of $28.27.

Daktronics (NASDAQ:DAKT) last posted its earnings results on Wednesday, June 24th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. The company had revenue of $208.61 million for the quarter, compared to the consensus estimate of $205.27 million. Daktronics had a return on equity of 17.62% and a net margin of 5.41%.During the same quarter in the prior year, the business earned ($0.19) earnings per share.

Institutional Investors Weigh In On Daktronics

Several institutional investors have recently made changes to their positions in DAKT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Daktronics by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,210 shares of the technology company’s stock worth $295,000 after buying an additional 1,476 shares in the last quarter. Empowered Funds LLC increased its stake in Daktronics by 2.1% during the 1st quarter. Empowered Funds LLC now owns 242,535 shares of the technology company’s stock worth $2,954,000 after acquiring an additional 4,926 shares during the period. Rhumbline Advisers raised its holdings in Daktronics by 31.4% in the 2nd quarter. Rhumbline Advisers now owns 76,152 shares of the technology company’s stock valued at $1,151,000 after acquiring an additional 18,202 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Daktronics by 204.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company’s stock valued at $46,000 after acquiring an additional 2,045 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Daktronics by 399.2% during the 2nd quarter. Invesco Ltd. now owns 510,243 shares of the technology company’s stock valued at $7,715,000 after acquiring an additional 408,037 shares during the period. 61.69% of the stock is currently owned by institutional investors.

About Daktronics

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.