Daseke Inc (NASDAQ:DSKE) – Zacks Investment Research issued their Q1 2018 earnings per share estimates for Daseke in a research note issued on Tuesday. Zacks Investment Research analyst S. Ralston expects that the company will earn ($0.05) per share for the quarter. Zacks Investment Research also issued estimates for Daseke’s Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.04 EPS and FY2019 earnings at $0.25 EPS.
Several other analysts have also recently issued reports on DSKE. BidaskClub cut shares of Daseke from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Northland Securities reissued a “buy” rating and set a $17.50 price objective on shares of Daseke in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $14.88.
Shares of Daseke (DSKE) opened at $10.49 on Wednesday. Daseke has a 12 month low of $8.76 and a 12 month high of $14.52. The company has a current ratio of 2.88, a quick ratio of 2.89 and a debt-to-equity ratio of 2.05.
In other news, Director Kevin M. Charlton sold 80,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $9.99, for a total transaction of $799,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 37.22% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Daseke during the 4th quarter valued at $169,000. Goldman Sachs Group Inc. purchased a new stake in shares of Daseke during the 4th quarter valued at $223,000. Granite Springs Asset Management LLC purchased a new stake in shares of Daseke during the 4th quarter valued at $236,000. Two Sigma Advisers LP purchased a new stake in shares of Daseke during the 4th quarter valued at $316,000. Finally, California State Teachers Retirement System grew its stake in shares of Daseke by 16.9% during the 4th quarter. California State Teachers Retirement System now owns 38,008 shares of the company’s stock valued at $543,000 after buying an additional 5,483 shares during the period. 40.12% of the stock is owned by institutional investors.
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Daseke Company Profile
Daseke, Inc is a consolidator of the open deck freight market in North America. The Company provides open deck transportation and logistics. It operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.
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