After finishing at $8.79 in the prior trading day, Daktronics Inc. (NASDAQ: DAKT) closed at $8.81, up 0.23%. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 505951 shares were traded.
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Ratios:
Our goal is to gain a better understanding of DAKT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 2.21. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.23.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Sidoti on January 24, 2018, initiated with a Neutral rating and assigned the stock a target price of $10.
Needham Upgraded its Hold to Buy on September 23, 2015, while the target price for the stock was maintained at $10.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 16 ’23 when Wiemann Bradley T sold 22,722 shares for $9.36 per share. The transaction valued at 212,603 led to the insider holds 132,582 shares of the business.
Wiemann Bradley T sold 778 shares of DAKT for $7,400 on Oct 12 ’23. The Exec Vice President now owns 132,582 shares after completing the transaction at $9.51 per share. On Sep 13 ’23, another insider, Kurtenbach Matthew John, who serves as the VP of Manufacturing of the company, sold 12,250 shares for $9.27 each. As a result, the insider received 113,578 and left with 208,906 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DAKT now has a Market Capitalization of 390.12M and an Enterprise Value of 363.33M. As of this moment, Daktronics’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.73, and their Forward P/E ratio for the next fiscal year is 11.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 1.65. Its current Enterprise Value per Revenue stands at 0.45 whereas that against EBITDA is 3.87.
Stock Price History:
Over the past 52 weeks, DAKT has reached a high of $12.42, while it has fallen to a 52-week low of $3.90. The 50-Day Moving Average of the stock is 8.04, while the 200-Day Moving Average is calculated to be 8.21.
Shares Statistics:
The stock has traded on average 655.43K shares per day over the past 3-months and 860.08k shares per day over the last 10 days, according to various share statistics. A total of 43.58M shares are outstanding, with a floating share count of 37.76M. Insiders hold about 18.25% of the company’s shares, while institutions hold 63.62% stake in the company. Shares short for DAKT as of Feb 15, 2024 were 4.56M with a Short Ratio of 6.96, compared to 3.12M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.31% and a Short% of Float of 11.80%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.41. The current Payout Ratio is 0.00% for DAKT, which recently paid a dividend on Mar 19, 2020 with an ex-dividend date of Mar 06, 2020. Stock splits for the company last occurred on Jun 23, 2006 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.21 and a low estimate of $0.21, while EPS last year was $0.47. The consensus estimate for the next quarter is $0.21, with high estimates of $0.21 and low estimates of $0.21.
Analysts are recommending an EPS of between $1.23 and $1.23 for the fiscal current year, implying an average EPS of $1.23. EPS for the following year is $0.77, with 1 analysts recommending between $0.77 and $0.77.
Revenue Estimates
1 analysts predict $222.5M in revenue for the current quarter. It ranges from a high estimate of $222.5M to a low estimate of $222.5M. As of the current estimate, Daktronics Inc.’s year-ago sales were $209.86M, an estimated increase of 6.00% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $241.8M, an increase of 22.30% over than the figure of $6.00% in the same quarter last year. There is a high estimate of $241.8M for the next quarter, whereas the lowest estimate is $241.8M.
A total of 1 analysts have provided revenue estimates for DAKT’s current fiscal year. The highest revenue estimate was $854.1M, while the lowest revenue estimate was $854.1M, resulting in an average revenue estimate of $854.1M. In the same quarter a year ago, actual revenue was $754.2M, up 13.20% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $888.3M in the next fiscal year. The high estimate is $888.3M and the low estimate is $888.3M. The average revenue growth estimate for next year is up 4.00% from the average revenue estimate for this year.
