Daktronics (NASDAQ:DAKT) Announces Earnings Results

Daktronics (NASDAQ:DAKT) issued its quarterly earnings results on Wednesday. The technology company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16, Briefing.com reports. The business had revenue of $174.90 million for the quarter, compared to analysts’ expectations of $177.22 million. Daktronics had a net margin of 0.25% and a return on equity of 0.76%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 earnings per share.

NASDAQ DAKT opened at $6.28 on Thursday. The firm has a market capitalization of $308.36 million, a P/E ratio of 171.50 and a beta of 0.91. The business’s 50-day simple moving average is $6.94 and its 200-day simple moving average is $6.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.78 and a quick ratio of 1.23. Daktronics has a 1-year low of $5.78 and a 1-year high of $9.14.

A number of brokerages recently commented on DAKT. ValuEngine upgraded shares of Daktronics from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. BidaskClub lowered shares of Daktronics from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 19th.

About Daktronics

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.

Further Reading: Outstanding Shares and The Effect on Share Price

Earnings History for Daktronics (NASDAQ:DAKT)

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