Wall Street brokerages expect that Daseke Inc (NASDAQ:DSKE) will announce earnings per share (EPS) of ($0.26) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Daseke’s earnings. The lowest EPS estimate is ($0.27) and the highest is ($0.24). Daseke reported earnings of $0.05 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 620%. The firm is scheduled to announce its next earnings results on Friday, March 13th.
According to Zacks, analysts expect that Daseke will report full-year earnings of ($4.77) per share for the current fiscal year, with EPS estimates ranging from ($4.78) to ($4.76). For the next year, analysts expect that the company will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.58) to $0.13. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Daseke.
Daseke (NASDAQ:DSKE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($4.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($3.97). The company had revenue of $450.40 million for the quarter, compared to the consensus estimate 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 revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 earnings per share.
Several research firms have commented on DSKE. ValuEngine cut shares of Daseke from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Zacks Investment Research cut shares of Daseke from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.50.
Shares of DSKE stock traded down $0.11 during trading hours on Monday, reaching $3.48. The stock had a trading volume of 108,761 shares, compared to its average volume of 121,721. The company has a debt-to-equity ratio of 6.92, a current ratio of 1.39 and a quick ratio of 1.39. Daseke has a twelve month low of $1.46 and a twelve month high of $5.65. The firm has a 50-day simple moving average of $3.18 and a 200-day simple moving average of $2.91. The firm has a market capitalization of $224.77 million, a PE ratio of -0.72 and a beta of 1.52.
Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Daseke during the third quarter worth $89,000. Rhumbline Advisers increased its position in Daseke by 11.0% during the 3rd quarter. Rhumbline Advisers now owns 71,191 shares of the company’s stock worth $178,000 after buying an additional 7,071 shares during the period. Nuveen Asset Management LLC bought a new position in Daseke during the 2nd quarter worth $2,078,000. Sunbelt Securities Inc. bought a new position in Daseke during the 3rd quarter worth $49,000. Finally, BlackRock Inc. grew its holdings in shares of Daseke by 7.7% during the 2nd quarter. BlackRock Inc. now owns 3,528,275 shares of the company’s stock worth $12,701,000 after purchasing an additional 253,165 shares in the last quarter. Hedge funds and other institutional investors own 27.97% of the company’s stock.
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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