Wall Street brokerages forecast that Daseke Inc (NASDAQ:DSKE) will report earnings per share of ($0.30) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Daseke’s earnings. The lowest EPS estimate is ($0.39) and the highest is ($0.23). Daseke reported earnings of $0.05 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 700%. The business is expected to issue its next quarterly earnings report on Friday, March 13th.
According to Zacks, analysts expect that Daseke will report full year earnings of ($4.82) per share for the current fiscal year, with EPS estimates ranging from ($4.92) to ($4.75). For the next financial year, analysts anticipate that the firm will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.66) to $0.13. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Daseke.
Daseke (NASDAQ:DSKE) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($4.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($3.97). The firm had revenue of $450.40 million during the quarter, compared to analysts’ expectations of $433.86 million. Daseke had a negative net margin of 17.35% and a positive return on equity of 10.65%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS.
Several research firms have weighed in on DSKE. Zacks Investment Research upgraded shares of Daseke from a “strong sell” rating to a “hold” rating in a report on Friday, November 15th. ValuEngine downgraded shares of Daseke from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $7.50.
Shares of Daseke stock traded up $0.01 on Friday, hitting $2.83. The company’s stock had a trading volume of 2,403 shares, compared to its average volume of 190,934. The company has a market capitalization of $182.79 million, a P/E ratio of 4.42 and a beta of 1.49. Daseke has a 52-week low of $1.46 and a 52-week high of $5.65. The firm has a fifty day moving average price of $2.90 and a 200-day moving average price of $3.14. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 6.92.
In related news, Director Ena Williams purchased 22,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was bought at an average price of $3.36 per share, with a total value of $73,920.00. Company insiders own 29.71% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Zazove Associates LLC boosted its holdings in Daseke by 3,804.2% during the 2nd quarter. Zazove Associates LLC now owns 4,428,325 shares of the company’s stock valued at $408,000 after acquiring an additional 4,314,900 shares during the period. Nuveen Asset Management LLC acquired a new position in Daseke in the second quarter valued at approximately $2,078,000. Charles Schwab Investment Management Inc. lifted 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 acquiring an additional 333,122 shares during the last quarter. BlackRock Inc. raised its position in Daseke by 7.7% in the second quarter. BlackRock Inc. now owns 3,528,275 shares of the company’s stock valued at $12,701,000 after purchasing an additional 253,165 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in Daseke in the 2nd quarter valued at about $202,000. Institutional investors own 27.93% of the company’s stock.
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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