A number of other equities analysts also recently issued reports on the stock. TheStreet downgraded shares of Daktronics from a b- rating to a c rating in a research note on Thursday, February 21st. Singular Research reiterated a buy rating on shares of Daktronics in a research note on Monday, March 4th.
NASDAQ DAKT opened at $7.47 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.49 and a current ratio of 2.05. Daktronics has a 52-week low of $7.14 and a 52-week high of $10.11. The company has a market cap of $338.04 million, a PE ratio of 33.95 and a beta of 1.03.
Daktronics (NASDAQ:DAKT) last released its quarterly earnings data on Wednesday, February 20th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). Daktronics had a net margin of 1.04% and a return on equity of 3.01%. The business had revenue of $115.10 million for the quarter, compared to the consensus estimate of $129.45 million. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Daktronics’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, equities analysts predict that Daktronics will post 0.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, March 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.75%. Daktronics’s dividend payout ratio is presently 127.27%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Daktronics by 7.0% during the third quarter. BlackRock Inc. now owns 5,586,187 shares of the technology company’s stock valued at $43,795,000 after acquiring an additional 365,243 shares during the last quarter. Vanguard Group Inc lifted its position in Daktronics by 11.5% during the third quarter. Vanguard Group Inc now owns 2,770,289 shares of the technology company’s stock valued at $21,719,000 after acquiring an additional 285,447 shares during the last quarter. Vanguard Group Inc. lifted its position in Daktronics by 11.5% during the third quarter. Vanguard Group Inc. now owns 2,770,289 shares of the technology company’s stock valued at $21,719,000 after acquiring an additional 285,447 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in Daktronics during the fourth quarter valued at approximately $1,259,000. Finally, First Bank & Trust lifted its position in Daktronics by 16.2% during the fourth quarter. First Bank & Trust now owns 1,076,620 shares of the technology company’s stock valued at $7,967,000 after acquiring an additional 149,871 shares during the last quarter. Hedge funds and other institutional investors own 58.48% of the company’s stock.
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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