FY2024 Earnings Estimate for Daktronics, Inc. (NASDAQ:DAKT) Issued By Sidoti Csr

Daktronics, Inc. (NASDAQ:DAKT) – Equities research analysts at Sidoti Csr issued their FY2024 earnings per share estimates for shares of Daktronics in a research report issued on Tuesday, March 26th. Sidoti Csr analyst A. Soderstrom anticipates that the technology company will post earnings per share of $1.12 for the year. Sidoti Csr also issued estimates for Daktronics’ Q4 2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $0.84 EPS, Q1 2026 earnings at $0.24 EPS, Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $0.19 EPS and FY2026 earnings at $0.92 EPS.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported ($0.03) EPS for the quarter. The firm had revenue of $170.30 million during the quarter. Daktronics had a return on equity of 30.57% and a net margin of 6.59%.

DAKT has been the subject of a number of other reports. StockNews.com cut Daktronics from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. TheStreet downgraded Daktronics from a “b-” rating to a “c+” rating in a research report on Friday, January 5th.

Daktronics Trading Up 2.7 %

Shares of DAKT opened at $9.83 on Thursday. The stock has a fifty day moving average price of $8.35 and a two-hundred day moving average price of $8.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.38 and a current ratio of 2.21. Daktronics has a 52-week low of $4.66 and a 52-week high of $12.42. The company has a market cap of $454.05 million, a price-to-earnings ratio of 9.54 and a beta of 1.06.

Hedge Funds Weigh In On Daktronics

Several hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG increased its stake in shares of Daktronics by 6.8% in the 3rd quarter. UBS Group AG now owns 23,197 shares of the technology company’s stock valued at $207,000 after purchasing an additional 1,471 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Daktronics by 11.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,600 shares of the technology company’s stock valued at $211,000 after acquiring an additional 2,400 shares in the last quarter. Watershed Asset Management L.L.C. boosted its holdings in shares of Daktronics by 12.7% during the 4th quarter. Watershed Asset Management L.L.C. now owns 32,326 shares of the technology company’s stock valued at $274,000 after acquiring an additional 3,655 shares in the last quarter. Prelude Capital Management LLC boosted its holdings in shares of Daktronics by 21.9% during the 4th quarter. Prelude Capital Management LLC now owns 24,127 shares of the technology company’s stock valued at $205,000 after acquiring an additional 4,340 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Daktronics by 26.9% during the 4th quarter. SG Americas Securities LLC now owns 20,815 shares of the technology company’s stock valued at $177,000 after acquiring an additional 4,416 shares in the last quarter. Institutional investors own 61.69% of the company’s stock.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.