Daktronics (NASDAQ:DAKT - Get Free Report) issued its quarterly earnings results on Wednesday. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.08), Zacks reports. Daktronics had a return on equity of 19.61% and a net margin of 3.62%. The company had revenue of $149.51 million for the quarter, compared to analyst estimates of $171.40 million.
Daktronics Trading Down 0.5 %
DAKT traded down $0.07 during trading on Friday, hitting $12.70. 728,041 shares of the company's stock were exchanged, compared to its average volume of 466,441. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. Daktronics has a 1 year low of $8.69 and a 1 year high of $19.89. The stock has a 50 day moving average price of $16.11 and a 200 day moving average price of $15.06. The firm has a market cap of $598.06 million, a P/E ratio of 50.80, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12.
Insiders Place Their Bets
In other news, CEO Reece A. Kurtenbach sold 8,048 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $18.75, for a total value of $150,900.00. Following the completion of the transaction, the chief executive officer now directly owns 469,727 shares in the company, valued at approximately $8,807,381.25. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Patrick Friel sold 2,244 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $18.17, for a total transaction of $40,773.48. Following the completion of the transaction, the director now owns 87,573 shares of the company's stock, valued at $1,591,201.41. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.50% of the stock is owned by insiders.
Analyst Ratings Changes
Separately, Craig Hallum began coverage on shares of Daktronics in a research report on Wednesday, January 22nd. They set a "buy" rating and a $26.00 price target for the company.
View Our Latest Stock Report on Daktronics
About Daktronics
(
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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.
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