Daktronics (DAKT) Expected to Announce Quarterly Earnings on Wednesday

Daktronics (NASDAQ:DAKT) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $171.40 million for the quarter.

Daktronics (NASDAQ:DAKT) last posted its quarterly 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 return on equity of 19.61% and a net margin of 3.62%. On average, analysts expect Daktronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Daktronics Stock Performance

NASDAQ:DAKT opened at $16.37 on Wednesday. The company’s 50-day moving average price is $16.75 and its 200-day moving average price is $15.03. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. The company has a market cap of $770.86 million, a P/E ratio of 65.48, a P/E/G ratio of 0.57 and a beta of 1.16. Daktronics has a twelve month low of $7.38 and a twelve month high of $19.89.

Insider Buying and Selling at Daktronics

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

Wall Street Analysts Forecast Growth

Separately, Craig Hallum started coverage on shares of Daktronics in a research note on Wednesday, January 22nd. They set a “buy” rating and a $26.00 target price on the 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.