Daktronics (NASDAQ:DAKT) Releases Earnings Results, Meets Expectations

Daktronics (NASDAQ:DAKT) announced its quarterly earnings results on Wednesday. The technology company reported $0.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16, Briefing.com reports. Daktronics had a net margin of 0.25% and a return on equity of 0.76%. The firm had revenue of $174.90 million for the quarter, compared to analyst estimates of $177.22 million. During the same period last year, the business earned $0.19 EPS. Daktronics’s revenue for the quarter was up 1.3% compared to the same quarter last year.

Shares of NASDAQ:DAKT opened at $6.16 on Friday. The company’s fifty day moving average price is $6.92 and its 200 day moving average price is $6.72. Daktronics has a 12 month low of $5.78 and a 12 month high of $9.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.78 and a quick ratio of 1.23. The firm has a market capitalization of $309.04 million, a P/E ratio of 171.88 and a beta of 0.91.

Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Daktronics from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. BidaskClub lowered shares of Daktronics from a “sell” rating to a “strong sell” rating in a research note 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.

Read More: Debt-To-Equity Ratio

Earnings History for Daktronics (NASDAQ:DAKT)

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