Daktronics (NASDAQ:DAKT) Releases Earnings Results

Daktronics (NASDAQ:DAKT - Get Free Report) issued its quarterly earnings results on Wednesday. The technology company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18, Zacks reports. Daktronics had a return on equity of 17.37% and a net margin of 0.23%. The company had revenue of $172.55 million for the quarter, compared to analyst estimates of $189.10 million. During the same quarter last year, the company posted $0.27 EPS.

Daktronics Stock Performance

Daktronics stock opened at $14.45 on Thursday. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.30. The stock has a market cap of $709.64 million, a PE ratio of -72.25, a P/E/G ratio of 0.50 and a beta of 1.62. Daktronics has a 12-month low of $10.24 and a 12-month high of $19.89. The business's 50-day moving average price is $14.04 and its two-hundred day moving average price is $14.76.

Insider Transactions at Daktronics

In other Daktronics news, Director Andrew David Siegel bought 2,500 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $11.50 per share, for a total transaction of $28,750.00. Following the transaction, the director now directly owns 43,446 shares in the company, valued at approximately $499,629. This trade represents a 6.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $14.90, for a total value of $14,900,000.00. Following the sale, the insider now directly owns 4,973,599 shares of the company's stock, valued at $74,106,625.10. This represents a 16.74% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.50% of the company's stock.

Institutional Trading of Daktronics

A hedge fund recently raised its stake in Daktronics stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 6.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,210 shares of the technology company's stock after buying an additional 1,476 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Daktronics were worth $295,000 as of its most recent SEC filing. Institutional investors own 61.69% of the company's stock.

Daktronics Company Profile

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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