Daktronics, Inc. (NASDAQ:DAKT – Free Report) – Stock analysts at Sidoti reduced their Q2 2027 earnings estimates for Daktronics in a research note issued to investors on Thursday, September 3rd. Sidoti analyst A. Soderstrom now expects that the technology company will earn $0.31 per share for the quarter, down from their prior estimate of $0.39. The consensus estimate for Daktronics’ current full-year earnings is $1.22 per share. Sidoti also issued estimates for Daktronics’ Q3 2027 earnings at $0.14 EPS, Q4 2027 earnings at $0.40 EPS and FY2027 earnings at $1.25 EPS.
Several other research analysts also recently commented on DAKT. Weiss Ratings raised shares of Daktronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. Craig Hallum reaffirmed a “buy” rating and issued a $33.00 price target on shares of Daktronics in a report on Thursday. Wall Street Zen downgraded Daktronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Roth Capital lifted their price objective on Daktronics from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, Zacks Research upgraded Daktronics from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Daktronics presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.
Daktronics Stock Performance
Daktronics stock opened at $19.48 on Friday. The firm’s 50 day simple moving average is $19.93 and its 200 day simple moving average is $20.61. The company has a current ratio of 2.17, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $940.49 million, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.63 and a beta of 1.68. Daktronics has a 1-year low of $17.02 and a 1-year high of $28.27.
Daktronics (NASDAQ:DAKT – Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The technology company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $234.57 million during the quarter, compared to analyst estimates of $230.27 million. Daktronics had a net margin of 5.66% and a return on equity of 18.05%. During the same period last year, the business earned $0.33 earnings per share.
Insider Buying and Selling
In other news, EVP Bradley T. Wiemann sold 4,000 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $19.22, for a total transaction of $76,880.00. Following the sale, the executive vice president owned 125,946 shares in the company, valued at approximately $2,420,682.12. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sheila Anderson sold 3,636 shares of Daktronics stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $20.01, for a total transaction of $72,756.36. Following the sale, the insider directly owned 48,371 shares of the company’s stock, valued at $967,903.71. This represents a 6.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Daktronics by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,210 shares of the technology company’s stock worth $295,000 after purchasing an additional 1,476 shares during the last quarter. Empowered Funds LLC increased its position in shares of Daktronics by 2.1% during the 1st quarter. Empowered Funds LLC now owns 242,535 shares of the technology company’s stock valued at $2,954,000 after purchasing an additional 4,926 shares during the last quarter. Rhumbline Advisers increased its position in shares of Daktronics by 31.4% during the 2nd quarter. Rhumbline Advisers now owns 76,152 shares of the technology company’s stock valued at $1,151,000 after purchasing an additional 18,202 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Daktronics by 204.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company’s stock valued at $46,000 after purchasing an additional 2,045 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Daktronics by 399.2% during the 2nd quarter. Invesco Ltd. now owns 510,243 shares of the technology company’s stock valued at $7,715,000 after buying an additional 408,037 shares in the last quarter. Institutional investors own 61.69% of the company’s stock.
Daktronics News Summary
Here are the key news stories impacting Daktronics this week:
- Positive Sentiment: Solid earnings beat and revenue growth: Fiscal 2027 first-quarter EPS was $0.40, ahead of the $0.35 consensus and up 21.2% year over year. Revenue rose 7.1% to $234.6 million, exceeding expectations, while operating income increased to $24.9 million. Daktronics Beats Q1 Earnings and Revenue Estimates
- Positive Sentiment: Healthy liquidity and shareholder returns: Daktronics generated $31.4 million in operating cash flow, ended the quarter with approximately $154.6 million in cash, and repurchased $4.4 million of stock. Its $311.3 million backlog remained above $300 million for the sixth consecutive quarter. Daktronics Fiscal 2027 First Quarter Results
- Positive Sentiment: Long-term plan remains intact: Management said it is tracking toward fiscal 2028 goals of 7%–10% annual revenue growth, 10%–12% operating margins, and 17%–20% return on invested capital. The company is also evaluating a possible exit from international transportation operations. Daktronics Fiscal 2028 Targets
- Neutral Sentiment: Orders were temporarily weaker: New orders declined 19.6% to $191.8 million, although management attributed much of the shortfall to several large transactions expected to be booked in the second quarter.
- Negative Sentiment: SEC and NBA investigations create uncertainty: Federal regulators and the NBA are seeking information about Daktronics’ relationship with Kawhi Leonard and alleged off-court compensation involving Leonard and the Los Angeles Clippers. Daktronics said it is cooperating. Potential legal, regulatory, reputational, or financial consequences could pressure the stock. Daktronics Says SEC and NBA Seek Information
About Daktronics
Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.
The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.
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