Daktronics (DAKT) Projected to Post Earnings on Wednesday

Daktronics (NASDAQ:DAKT) will likely be releasing its earnings data before the market opens on Wednesday, March 5th. Analysts expect Daktronics to post earnings of $0.09 per share and revenue of $171.40 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Daktronics (NASDAQ:DAKT) last released its earnings results on Wednesday, December 4th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). Daktronics had a return on equity of 19.61% and a net margin of 3.62%. On average, analysts expect Daktronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Daktronics Trading Down 4.3 %

DAKT stock opened at $14.60 on Tuesday. The company has a market cap of $687.53 million, a P/E ratio of 58.40, a PEG ratio of 0.57 and a beta of 1.16. Daktronics has a twelve month low of $8.62 and a twelve month high of $19.89. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $16.44 and a 200-day moving average of $15.12.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum assumed coverage on Daktronics in a research report on Wednesday, January 22nd. They set a “buy” rating and a $26.00 target price for the company.

Insider Transactions at Daktronics

In related news, CEO Reece A. Kurtenbach sold 8,048 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $18.75, for a total value of $150,900.00. Following the completion of the sale, the chief executive officer now owns 469,727 shares in the company, valued at approximately $8,807,381.25. This represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Patrick Friel sold 2,244 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $18.17, for a total value of $40,773.48. Following the completion of the sale, the director now owns 87,573 shares of the company’s stock, valued at $1,591,201.41. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by corporate insiders.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.