Trade Report: Today, Analysts Expect Daktronics Inc. (DAKT) to Announce $0.00 Earnings Per Share

Today, Analysts Expect Daktronics Inc. (DAKT) to Announce $0.00 Earnings Per Share

Daktronics Inc. (NASDAQ:DAKT) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Daktronics’ rating score has declined by 20% from three months ago as a result of various analysts’ ratings changes.

Zacks has also assigned Daktronics an industry rank of 39 out of 265 based on the ratings given to its competitors.

DAKT has been the topic of several recent research reports. Zacks Investment Research raised shares of Daktronics from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Needham & Company LLC upped their price target on shares of Daktronics from $8.00 to $9.50 and gave the company a “buy” rating in a report on Wednesday, August 24th. Finally, TheStreet raised shares of Daktronics from a “hold” rating to a “buy” rating in a report on Monday.

Several large investors have recently bought and sold shares of the company. Icon Advisers Inc. Co. raised its stake in Daktronics by 76.1% in the second quarter. Icon Advisers Inc. Co. now owns 159,000 shares of the company’s stock valued at $994,000 after buying an additional 68,700 shares during the last quarter. Nationwide Fund Advisors raised its stake in Daktronics by 217.5% in the second quarter. Nationwide Fund Advisors now owns 88,606 shares of the company’s stock valued at $554,000 after buying an additional 60,700 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Daktronics by 3.8% in the second quarter. Ameriprise Financial Inc. now owns 186,743 shares of the company’s stock valued at $1,167,000 after buying an additional 6,827 shares during the last quarter. Teton Advisors Inc. raised its stake in Daktronics by 3.3% in the second quarter. Teton Advisors Inc. now owns 62,000 shares of the company’s stock valued at $388,000 after buying an additional 2,000 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Daktronics by 7.3% in the second quarter. California Public Employees Retirement System now owns 172,100 shares of the company’s stock valued at $1,076,000 after buying an additional 11,700 shares during the last quarter. 43.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of Daktronics (NASDAQ:DAKT) traded up 2.97% during mid-day trading on Friday, reaching $10.74. The company’s stock had a trading volume of 99,473 shares. The firm’s 50 day moving average is $8.91 and its 200 day moving average is $7.96. The firm has a market cap of $471.19 million, a PE ratio of 123.45 and a beta of 1.39. Daktronics has a one year low of $5.92 and a one year high of $10.78.

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. Daktronics had a net margin of 1.64% and a return on equity of 4.78%. The company had revenue of $170 million for the quarter, compared to analyst estimates of $161.50 million. During the same period in the prior year, the company earned $0.07 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Daktronics will post $0.29 earnings per share for the current fiscal year.

Daktronics Company Profile

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.

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