Wall Street brokerages expect Daseke, Inc. (NASDAQ:DSKE – Get Rating) to post $426.40 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Daseke’s earnings, with the highest sales estimate coming in at $428.30 million and the lowest estimate coming in at $424.50 million. Daseke reported sales of $404.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The company is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Daseke will report full-year sales of $1.66 billion for the current financial year. For the next fiscal year, analysts expect that the business will post sales of $1.68 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Daseke.
Daseke (NASDAQ:DSKE – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. Daseke had a net margin of 4.64% and a return on equity of 68.94%. During the same period last year, the firm posted $0.04 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Daseke by 0.8% during the 4th quarter. BlackRock Inc. now owns 2,943,062 shares of the company’s stock worth $29,548,000 after buying an additional 23,111 shares during the period. State Street Corp boosted its holdings in Daseke by 37.1% in the 4th quarter. State Street Corp now owns 1,488,013 shares of the company’s stock valued at $14,940,000 after purchasing an additional 402,344 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Daseke by 78.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 932,365 shares of the company’s stock valued at $9,389,000 after purchasing an additional 410,880 shares during the period. Geode Capital Management LLC boosted its holdings in Daseke by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 886,644 shares of the company’s stock valued at $8,901,000 after purchasing an additional 3,647 shares during the period. Finally, Royce & Associates LP boosted its holdings in Daseke by 5.2% in the 1st quarter. Royce & Associates LP now owns 826,345 shares of the company’s stock valued at $8,321,000 after purchasing an additional 41,000 shares during the period. 41.85% of the stock is owned by institutional investors and hedge funds.
DSKE stock traded down $0.30 during trading hours on Thursday, hitting $6.78. The company’s stock had a trading volume of 416,908 shares, compared to its average volume of 485,847. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 3.88. The company has a market capitalization of $430.22 million, a PE ratio of 6.41 and a beta of 1.86. Daseke has a 12 month low of $6.13 and a 12 month high of $13.17. The stock has a 50 day moving average price of $8.87 and a two-hundred day moving average price of $9.86.
Daseke Company Profile (Get Rating)
Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in the United States, Canada, and Mexico. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture.
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