News articles about Daktronics (NASDAQ:DAKT) have been trending somewhat negative this week, according to Alpha One Sentiment Analysis. Alpha One, a service of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Daktronics earned a news sentiment score of -0.05 on Alpha One’s scale. Alpha One also assigned media coverage about the technology company an impact score of 67 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- LED & OLED Displays and Lighting Products Market: Africa Industry Analysis Research Report 2016-2026 (mynewsdesk.com)
- Daktronics : Seneca Buffalo Creek Casino Adds Two Daktronics LED Displays For Dynamic Interactive Content In New Expansion (4-traders.com)
- Daktronics, Inc. (DAKT) Sees Significant Drop in Short Interest (americanbankingnews.com)
- Outdoor LED Displays Market to exceed $22bn by 2024 (usfinancialnewstoday.com)
- LED Lighting Solution Market to Exceed US $125.8 Bn by 2025 (sbwire.com)
A number of equities research analysts recently issued reports on the stock. Needham & Company LLC decreased their price target on shares of Daktronics from $11.00 to $10.50 and set a “buy” rating on the stock in a research note on Tuesday, February 21st. TheStreet downgraded shares of Daktronics from a “b” rating to a “c+” rating in a research note on Tuesday, February 21st. Finally, Zacks Investment Research downgraded shares of Daktronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.17.
Daktronics (NASDAQ:DAKT) remained flat at $9.20 on Thursday. The stock had a trading volume of 120,400 shares. Daktronics has a 52 week low of $5.92 and a 52 week high of $11.12. The company has a market cap of $405.42 million, a price-to-earnings ratio of 62.59 and a beta of 1.41. The stock has a 50-day moving average price of $9.23 and a 200 day moving average price of $9.65.
Daktronics (NASDAQ:DAKT) last announced its quarterly earnings data on Tuesday, February 21st. The technology company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.10. Daktronics had a return on equity of 4.76% and a net margin of 1.64%. The company had revenue of $115.70 million for the quarter, compared to analyst estimates of $126.07 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities research analysts forecast that Daktronics will post $0.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Monday, March 13th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Thursday, March 9th. Daktronics’s dividend payout ratio (DPR) is 127.28%.
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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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