Daseke Inc (NASDAQ:DSKE) – Stock analysts at Seaport Global Securities reduced their Q3 2019 EPS estimates for Daseke in a research report issued on Thursday, April 11th. Seaport Global Securities analyst K. Sterling now anticipates that the company will post earnings of $0.00 per share for the quarter, down from their prior estimate of $0.02. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Daseke’s Q3 2020 earnings at $0.02 EPS.
Daseke (NASDAQ:DSKE) last announced its quarterly earnings results on Friday, March 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.38. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $440.14 million. Daseke had a positive return on equity of 4.84% and a negative net margin of 0.32%. The company’s quarterly revenue was up 73.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) EPS.
DSKE has been the topic of a number of other reports. ValuEngine lowered shares of Daseke from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. BidaskClub raised shares of Daseke from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Craig Hallum raised shares of Daseke from a “hold” rating to a “buy” rating in a research note on Monday, March 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Daseke currently has an average rating of “Buy” and an average price target of $15.00.
Shares of Daseke stock opened at $5.15 on Friday. The stock has a market capitalization of $335.89 million, a P/E ratio of 8.05 and a beta of 1.31. Daseke has a twelve month low of $3.13 and a twelve month high of $10.19. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.59 and a current ratio of 1.59.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in Daseke by 12.6% in the third quarter. Wells Fargo & Company MN now owns 354,837 shares of the company’s stock valued at $2,846,000 after acquiring an additional 39,679 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Daseke by 614.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,640 shares of the company’s stock valued at $373,000 after buying an additional 40,116 shares during the period. BlackRock Inc. increased its holdings in Daseke by 7.3% in the 3rd quarter. BlackRock Inc. now owns 2,991,438 shares of the company’s stock valued at $23,992,000 after buying an additional 202,526 shares during the period. Virtu Financial LLC bought a new stake in shares of Daseke in the 3rd quarter worth about $127,000. Finally, GSA Capital Partners LLP grew its holdings in shares of Daseke by 173.8% in the 3rd quarter. GSA Capital Partners LLP now owns 84,434 shares of the company’s stock worth $677,000 after purchasing an additional 53,601 shares during the last quarter. 33.46% of the stock is currently owned by institutional investors and hedge funds.
Daseke Company Profile
Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, heavy machinery, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials.
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