Analysts predict that Daseke Inc (NASDAQ:DSKE) will post earnings of ($0.17) per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Daseke’s earnings, with estimates ranging from ($0.29) to ($0.12). Daseke posted earnings of $0.02 per share during the same quarter last year, which would suggest a negative year over year growth rate of 950%. The firm is expected to report its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that Daseke will report full-year earnings of ($0.68) per share for the current financial year, with EPS estimates ranging from ($0.85) to ($0.56). For the next financial year, analysts forecast that the company will report earnings of ($0.49) per share, with EPS estimates ranging from ($0.66) to ($0.36). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Daseke.
Daseke (NASDAQ:DSKE) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.05). The firm had revenue of $450.60 million during the quarter, compared to the consensus estimate of $459.30 million. Daseke had a positive return on equity of 0.39% and a negative net margin of 1.87%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 earnings per share.
DSKE has been the topic of a number of recent research reports. ValuEngine raised shares of Daseke from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Zacks Investment Research cut shares of Daseke from a “hold” rating to a “strong sell” rating in a report on Monday, June 24th. BidaskClub cut shares of Daseke from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Finally, Craig Hallum cut shares of Daseke from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $7.50.
Shares of DSKE stock traded down $0.10 during mid-day trading on Monday, hitting $2.66. The company had a trading volume of 128,549 shares, compared to its average volume of 319,610. Daseke has a 52-week low of $1.46 and a 52-week high of $7.70. The stock’s 50 day moving average price is $2.42 and its 200-day moving average price is $3.73. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $168.55 million, a P/E ratio of 4.16 and a beta of 1.44.
In other Daseke news, Director Mark Sinclair acquired 15,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of $2.25 per share, for a total transaction of $33,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ena Williams acquired 22,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $3.36 per share, with a total value of $73,920.00. In the last quarter, insiders acquired 57,000 shares of company stock valued at $151,070. 29.71% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new stake in Daseke in the second quarter valued at $202,000. Charles Schwab Investment Management Inc. grew its holdings in Daseke by 54.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 942,724 shares of the company’s stock valued at $3,394,000 after purchasing an additional 333,122 shares during the last quarter. Citadel Advisors LLC grew its holdings in Daseke by 5.3% in the second quarter. Citadel Advisors LLC now owns 193,473 shares of the company’s stock valued at $697,000 after purchasing an additional 9,807 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Daseke by 19.4% in the second quarter. Bank of New York Mellon Corp now owns 203,445 shares of the company’s stock valued at $733,000 after purchasing an additional 33,096 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Daseke by 17.5% in the second quarter. Wells Fargo & Company MN now owns 104,180 shares of the company’s stock valued at $375,000 after purchasing an additional 15,506 shares during the last quarter. 31.58% of the stock is currently owned by institutional investors.
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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