Daktronics (DAKT) reported quarterly earnings results on Tuesday, Aug-23-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.05. The company posted revenue of $157.15 million in the period, compared to analysts expectations of $146.75 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
Many Wall Street Analysts have commented on Daktronics. Daktronics was Downgraded by Sidoti to ” Neutral” on Jun 1, 2016.
Daktronics closed down -0.11 points or -1.54% at $7.01 with 1,67,607 shares getting traded on Friday. Post opening the session at $7.1, the shares hit an intraday low of $6.99 and an intraday high of $7.122 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jul 5, 2016, Kevin Patrick Mcdermott (director) purchased 2,000 shares at $6.10 per share price. According to the SEC, on Jun 30, 2016, Reece A Kurtenbach (CEO) purchased 10,000 shares at $6.20 per share price. On Sep 10, 2015, John Patrick Friel (director) purchased 5,000 shares at $8.60 per share price, according to the Form-4 filing with the securities and exchange commission.
Daktronics Inc. (Daktronics) is a supplier of electronic scoreboards large electronic display systems digital messaging solutions software and services for sporting commercial and transportation applications. The Company operates in five segments: Commercial Live Events High School Park and Recreation Transportation and International. Commercial business segment consists of sales of its video display systems digital billboards Galaxy and Fuelight product lines. Its Live Events business segment consists of sales of integrated scoring and video display systems and sales of its mobile display technology. High School Park and Recreation business segment consists of sales of scoring systems Galaxy displays and video display systems. Its Transportation business segment consists of sales of its Vanguard and Galaxy product lines. Its International business unit consists of sales of all product lines outside the United States and Canada.