Daktronics (DAKT) Issues Earnings Results, Misses Estimates By $0.15 EPS

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.

An institutional investor recently raised its position in Daktronics stock. Geode Capital Management LLC grew its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 422,218 shares of the technology company’s stock after purchasing an additional 22,302 shares during the quarter. Geode Capital Management LLC owned 0.94% of Daktronics worth $3,124,000 at the end of the most recent quarter. Institutional investors and hedge funds own 57.91% of the company’s stock.

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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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