DAKT has been the subject of a number of other research reports. Singular Research reiterated a “buy” rating on shares of Daktronics in a report on Monday, March 4th. TheStreet downgraded Daktronics from a “b-” rating to a “c” rating in a report on Thursday, February 21st.
DAKT opened at $6.10 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.30. Daktronics has a 1 year low of $5.85 and a 1 year high of $9.14.
Daktronics (NASDAQ:DAKT) last announced its quarterly earnings results on Wednesday, May 29th. The technology company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.15). The company had revenue of $127.76 million during the quarter, compared to the consensus estimate of $145.16 million. Daktronics had a negative net margin of 0.17% and a negative return on equity of 0.48%. The business’s revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) earnings per share. As a group, research analysts expect that Daktronics will post 0.28 earnings per share for the current year.
In other news, Chairman Reece A. Kurtenbach sold 10,000 shares of Daktronics stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $6.01, for a total value of $60,100.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.20% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System increased its position in Daktronics by 2.7% in the 1st quarter. California State Teachers Retirement System now owns 56,502 shares of the technology company’s stock valued at $421,000 after buying an additional 1,469 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Daktronics by 29.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,264 shares of the technology company’s stock valued at $68,000 after purchasing an additional 2,082 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Daktronics by 10.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 30,949 shares of the technology company’s stock valued at $229,000 after purchasing an additional 2,909 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in Daktronics by 9.4% in the first quarter. OppenheimerFunds Inc. now owns 40,207 shares of the technology company’s stock valued at $300,000 after purchasing an additional 3,440 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Daktronics by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 320,504 shares of the technology company’s stock valued at $2,372,000 after purchasing an additional 3,680 shares during the last quarter. 57.91% of the stock is currently owned by hedge funds and other institutional investors.
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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