Daktronics (DAKT) to Release Quarterly Earnings on Wednesday

Daktronics (NASDAQ:DAKT - Get Free Report) is expected to be announcing its earnings results before the market opens on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $171.40 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Daktronics (NASDAQ:DAKT - Get Free Report) last issued its earnings results on Wednesday, December 4th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.09). Daktronics had a net margin of 3.62% and a return on equity of 19.61%. On average, analysts expect Daktronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Daktronics Price Performance

Shares of Daktronics stock traded down $0.58 during trading on Friday, hitting $15.73. 306,046 shares of the company's stock traded hands, compared to its average volume of 281,689. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67. The firm's fifty day moving average price is $16.65 and its 200 day moving average price is $15.07. Daktronics has a twelve month low of $7.38 and a twelve month high of $19.89. The company has a market cap of $740.73 million, a PE ratio of 62.92, a PEG ratio of 0.57 and a beta of 1.16.

Analysts Set New Price Targets

Separately, Craig Hallum assumed coverage on shares of Daktronics in a research report on Wednesday, January 22nd. They set a "buy" rating and a $26.00 target price on the stock.

Insider Buying and Selling at Daktronics

In other Daktronics news, Director John Patrick Friel sold 2,244 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $18.17, for a total value of $40,773.48. Following the transaction, the director now directly owns 87,573 shares in the company, valued at $1,591,201.41. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reece A. Kurtenbach sold 8,048 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $18.75, for a total transaction of $150,900.00. Following the transaction, the chief executive officer now owns 469,727 shares in the company, valued at $8,807,381.25. The trade was a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.50% of the company's stock.

About Daktronics

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.