Daktronics (DAKT) Posts Earnings Results, Misses Estimates By $0.11 EPS

Daktronics (NASDAQ:DAKT) posted its quarterly earnings results on Monday. The technology company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.11), Briefing.com reports. Daktronics had a return on equity of 5.56% and a net margin of 1.89%. The company had revenue of $130.32 million for the quarter, compared to analyst estimates of $123.84 million. During the same period last year, the company earned ($0.12) earnings per share. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year.

Shares of Daktronics (DAKT) traded up $0.05 during midday trading on Tuesday, reaching $9.45. 2,591,800 shares of the company were exchanged, compared to its average volume of 255,826. The firm has a market cap of $410.05, a PE ratio of 36.88 and a beta of 1.17. Daktronics has a 12-month low of $7.84 and a 12-month high of $10.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.53 and a current ratio of 2.04.

A number of equities analysts have recently weighed in on DAKT shares. BidaskClub cut shares of Daktronics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research cut shares of Daktronics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, Sidoti started coverage on shares of Daktronics in a research note on Wednesday, January 24th. They set a “neutral” rating and a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Daktronics has a consensus rating of “Hold” and a consensus price target of $10.50.

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About Daktronics

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.

Earnings History for Daktronics (NASDAQ:DAKT)

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