Analysts Anticipate Daktronics Inc. (DAKT) to Post $0.10 Earnings Per Share
Shares of Daktronics Inc. (NASDAQ:DAKT) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Daktronics’ rating score has declined by 20% in the last 90 days as a result of various analysts’ ratings changes.
Zacks has also given Daktronics an industry rank of 61 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently commented on DAKT shares. Zacks Investment Research upgraded shares of Daktronics from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research report on Friday, August 26th. Needham & Company LLC lifted their price objective on shares of Daktronics from $8.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, August 24th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAKT. Arizona State Retirement System raised its position in Daktronics by 1.0% in the second quarter. Arizona State Retirement System now owns 20,091 shares of the company’s stock valued at $126,000 after buying an additional 200 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Daktronics by 1.4% in the second quarter. Prudential Financial Inc. now owns 92,052 shares of the company’s stock worth $575,000 after buying an additional 1,300 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Daktronics by 7.6% in the second quarter. Thrivent Financial for Lutherans now owns 19,150 shares of the company’s stock worth $120,000 after buying an additional 1,350 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Daktronics by 6.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,022 shares of the company’s stock worth $221,000 after buying an additional 1,608 shares during the last quarter. Finally, Teton Advisors Inc. raised its position in shares of Daktronics by 3.3% in the second quarter. Teton Advisors Inc. now owns 62,000 shares of the company’s stock worth $388,000 after buying an additional 2,000 shares during the last quarter. 44.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Daktronics (NASDAQ:DAKT) traded up 0.56% on Thursday, hitting $9.05. 75,418 shares of the stock traded hands. The firm has a market capitalization of $397.04 million, a PE ratio of 104.02 and a beta of 1.40. Daktronics has a 52 week low of $5.92 and a 52 week high of $10.28. The firm’s 50 day moving average is $9.55 and its 200 day moving average is $7.84.
Daktronics (NASDAQ:DAKT) last issued its quarterly earnings results on Tuesday, August 23rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08. Daktronics had a net margin of 0.66% and a return on equity of 1.87%. The company earned $157.10 million during the quarter. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts expect that Daktronics will post $0.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Monday, September 12th were paid a dividend of $0.07 per share. This is a positive change from Daktronics’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $0.28 annualized dividend and a yield of 3.11%. Daktronics’s dividend payout ratio (DPR) is presently 311.15%.
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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