Daktronics (DAKT) Stock Price, News & Analysis

Company Overview

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. The company also offers video display and walls; scoreboards and timing systems; LED message displays and sings; intelligent transportation systems dynamic message signs; mass transit display; sound systems; and digital billboards and street furniture, and digit and price displays. In addition, it provides indoor dynamic messaging systems and liquid crystal display signs; and software and controllers, which includes Venus, a control suite software to control the creation of messages and graphic sequences for uploading to displays. The company sells its products through direct sales and resellers. Daktronics, Inc. was founded in 1968 and is headquartered in Brookings, South Dakota.

Key Stats

• Today's Range: $13.69 to $15.31
• 50-Day Range: $11.91 to $15.18
• 52-Week Range: $7.20 to $15.97
• Volume: 754,829 shs
• Average Volume: 499,229 shs
• Market Capitalization: $665.01 million
• P/E Ratio: 179.38
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: Strong Buy

Daktronics Stock Analysis - MarketRank™

Daktronics scored higher than 74% of companies evaluated by MarketBeat, and ranked 268th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Daktronics.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 31.46%

Earnings Growth

Earnings for Daktronics are expected to grow by 31.46% in the coming year, from $0.89 to $1.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Daktronics is 179.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Daktronics is 179.38, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 269.47.

Price to Earnings Growth Ratio

Daktronics has a PEG Ratio of 0.54. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Daktronics has a P/B Ratio of 2.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.17% of the float of Daktronics has been sold short.

Short Interest Ratio / Days to Cover

Daktronics has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Daktronics has recently increased by 4.21%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Daktronics does not currently pay a dividend.

Dividend Growth

Daktronics does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Daktronics is 250.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Daktronics will have a dividend payout ratio of 17.09% next year. This indicates that Daktronics will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.7 / 5
• Environmental Score: -1.26

Percentage of Shares Shorted

7.17% of the float of Daktronics has been sold short.

Short Interest Ratio / Days to Cover

Daktronics has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Daktronics has recently increased by 4.21%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.37

News Sentiment

Daktronics has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Daktronics this week, compared to 4 articles on an average week.

Search Interest

2 people have searched for DAKT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

5 people have added Daktronics to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Daktronics insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $526,762.00 in company stock.

Percentage Held by Insiders

Only 8.10% of the stock of Daktronics is held by insiders.

Percentage Held by Institutions

61.69% of the stock of Daktronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DAKT Stock Analysis - Frequently Asked Questions

How have DAKT shares performed this year?

Daktronics' stock was trading at $8.48 at the beginning of the year. Since then, DAKT shares have increased by 69.2% and is now trading at $14.35.
View the best growth stocks for 2024 here.

How were Daktronics' earnings last quarter?

Daktronics, Inc. (NASDAQ:DAKT) released its earnings results on Wednesday, September, 4th. The technology company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.06. The technology company had revenue of $226.09 million for the quarter, compared to the consensus estimate of $216.84 million. Daktronics had a net margin of 1.29% and a trailing twelve-month return on equity of 19.92%.

Does Daktronics have any subsidiaries?

Daktronics subsidiaries include ADFLOW NETWORKS, Data Display, Open, Hoffend & Sons Inc., Dodge Electronics, European Timing Systems, ADFLOW Networks Inc., and others.

Who are Daktronics' major shareholders?

Top institutional shareholders of Daktronics include Progeny 3 Inc. (4.93%), State Street Corp (2.01%), Geode Capital Management LLC (1.97%) and First Bank & Trust (1.90%). Insiders that own company stock include Andrew David Siegel, Reece A Kurtenbach, Bradley T Wiemann, Matthew John Kurtenbach and Sheila Mae Anderson.
View institutional ownership trends.

How do I buy shares of Daktronics?

Shares of DAKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Daktronics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Daktronics investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Jabil (JBL) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 9/04/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 12/03/2024
• Fiscal Year End: 4/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Miscellaneous manufacturing industries
• Sub-Industry: Electronic Equipment & Instruments
• Current Symbol: NASDAQ:DAKT
• CUSIP: 23426410
• CIK: 915779
• Web: www.daktronics.com
• Phone: (605) 692-0200
• Fax: 605-697-4700
• Employees: 2,831
• Year Founded: 1968

Profitability

• EPS (Most Recent Fiscal Year): $0.08
• Trailing P/E Ratio: 179.38
• Forward P/E Ratio: 16.12
• P/E Growth: 0.54
• Net Income: $34.62 million
• Net Margins: 1.29%
• Pretax Margin: 3.22%
• Return on Equity: 19.92%
• Return on Assets: 8.92%

Debt

• Debt-to-Equity Ratio: 0.48
• Current Ratio: 2.17
• Quick Ratio: 1.48

Sales & Book Value

• Annual Sales: $811.64 million
• Price / Sales: 0.82
• Cash Flow: $1.69 per share
• Price / Cash Flow: 8.49
• Book Value: $5.17 per share
• Price / Book: 2.78

Miscellaneous

• Outstanding Shares: 46,342,000
• Free Float: 42,588,000
• Market Cap: $665.01 million
• Optionable: Optionable
• Beta: 1.14