Daktronics (DAKT) Receiving Somewhat Positive Press Coverage, Analysis Shows
Headlines about Daktronics (NASDAQ:DAKT) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Daktronics earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.5597859560272 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Global LED Video Walls Market Expand Healthy 8.1% CAGR during between 2017 and 2025 (openpr.com)
- New Strong Buy Stocks for October 10th (zacks.com)
- Report: LED video wall market to reach $73 billion by 2025 (4-traders.com)
- McCarthey Athletic Center Videoboards Installed (gozags.com)
- New Strong Buy Stocks for October 6th (finance.yahoo.com)
A number of analysts have recently weighed in on DAKT shares. TheStreet raised shares of Daktronics from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. Zacks Investment Research raised shares of Daktronics from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, August 24th. Finally, BidaskClub raised shares of Daktronics from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $11.83.
Shares of Daktronics (DAKT) traded down 0.75% during mid-day trading on Thursday, reaching $10.61. 123,891 shares of the company traded hands. Daktronics has a 52 week low of $7.84 and a 52 week high of $11.12. The stock has a market capitalization of $469.89 million, a PE ratio of 36.46 and a beta of 1.28. The firm has a 50 day moving average of $10.05 and a 200-day moving average of $9.62.
Daktronics (NASDAQ:DAKT) last released its quarterly earnings data on Tuesday, August 22nd. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $172.70 million during the quarter, compared to the consensus estimate of $165.00 million. Daktronics had a return on equity of 6.53% and a net margin of 2.20%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, equities research analysts expect that Daktronics will post $0.40 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Monday, September 11th were paid a $0.07 dividend. The ex-dividend date was Friday, September 8th. This represents a $0.28 annualized dividend and a yield of 2.64%. Daktronics’s dividend payout ratio (DPR) is presently 96.56%.
In other Daktronics news, Director John L. Mulligan sold 37,307 shares of Daktronics stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $13.20, for a total value of $492,452.40. Following the transaction, the director now owns 67,182 shares in the company, valued at $886,802.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Carla S. Gatzke sold 2,988 shares of Daktronics stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $10.00, for a total value of $29,880.00. Following the completion of the transaction, the insider now owns 436,130 shares in the company, valued at approximately $4,361,300. The disclosure for this sale can be found here. 8.20% of the stock is owned by insiders.
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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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