Daktronics (NASDAQ:DAKT) issued its earnings results on Wednesday. The technology company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.15), RTT News reports. Daktronics had a net margin of 1.04% and a return on equity of 3.01%. The firm had revenue of $127.76 million during the quarter, compared to analyst estimates of $145.16 million. During the same quarter in the previous year, the business posted ($0.09) EPS. Daktronics’s revenue was down 7.5% compared to the same quarter last year.
Shares of DAKT opened at $7.24 on Wednesday. The stock has a market cap of $323.19 million, a price-to-earnings ratio of 32.91 and a beta of 1.02. Daktronics has a 12 month low of $7.04 and a 12 month high of $10.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.49 and a current ratio of 2.05.
A number of brokerages have commented on DAKT. BidaskClub upgraded Daktronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 13th. TheStreet cut Daktronics from a “b-” rating to a “c” rating in a research note on Thursday, February 21st. Finally, Singular Research restated a “buy” rating on shares of Daktronics in a research note on Monday, March 4th.
ILLEGAL ACTIVITY WARNING: This news story was published by WKRB News and is the sole property of of WKRB News. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.wkrb13.com/2019/05/29/daktronics-dakt-issues-earnings-results-misses-estimates-by-0-15-eps.html.
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.
Featured Article: Earnings Per Share (EPS) Explained
Receive News & Ratings for Daktronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daktronics and related companies with MarketBeat.com's FREE daily email newsletter.