Somewhat Positive Press Coverage Somewhat Unlikely to Affect Daktronics (DAKT) Stock Price

Headlines about Daktronics (NASDAQ:DAKT) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Daktronics earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.8273981355565 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

DAKT traded up $0.08 during trading on Thursday, hitting $9.09. The company’s stock had a trading volume of 112,492 shares, compared to its average volume of 227,312. The company has a current ratio of 2.18, a quick ratio of 1.60 and a debt-to-equity ratio of 0.08. Daktronics has a one year low of $8.54 and a one year high of $10.86. The company has a market capitalization of $394.93, a PE ratio of 39.52 and a beta of 1.14.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Tuesday, February 20th. The technology company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.11). Daktronics had a return on equity of 7.11% and a net margin of 1.67%. The business had revenue of $130.32 million during the quarter, compared to the consensus estimate of $123.84 million. During the same quarter in the previous year, the business posted ($0.12) earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Monday, March 12th were given a $0.07 dividend. The ex-dividend date was Friday, March 9th. This represents a $0.28 annualized dividend and a yield of 3.08%. Daktronics’s payout ratio is presently 121.74%.

Several equities research analysts recently issued reports on DAKT shares. TheStreet cut shares of Daktronics from a “b-” rating to a “c+” rating in a report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Daktronics from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. BidaskClub upgraded shares of Daktronics from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. ValuEngine upgraded shares of Daktronics from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Sidoti started coverage on shares of Daktronics in a research report on Wednesday, January 24th. They issued a “neutral” rating and a $10.00 price target on the stock. Four research analysts have rated the stock with a hold rating, Daktronics presently has a consensus rating of “Hold” and an average price target of $10.50.

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Daktronics Company Profile

Daktronics, Inc designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation, as well as controllers; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.

Insider Buying and Selling by Quarter for Daktronics (NASDAQ:DAKT)

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