Wall Street analysts predict that Daseke Inc (NASDAQ:DSKE) will report sales of $407.89 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Daseke’s earnings. The highest sales estimate is $445.00 million and the lowest is $373.40 million. Daseke reported sales of $257.23 million during the same quarter last year, which indicates a positive year-over-year growth rate of 58.6%. The firm is scheduled to issue its next earnings report on Friday, March 15th.
According to Zacks, analysts expect that Daseke will report full year sales of $1.57 billion for the current year, with estimates ranging from $1.55 billion to $1.58 billion. For the next year, analysts anticipate that the company will report sales of $1.80 billion, with estimates ranging from $1.71 billion to $1.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Daseke.
Daseke (NASDAQ:DSKE) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Daseke had a return on equity of 2.25% and a net margin of 3.77%. The company had revenue of $461.59 million for the quarter, compared to analyst estimates of $430.29 million. During the same period in the previous year, the business posted ($0.03) EPS. The firm’s revenue for the quarter was up 99.5% compared to the same quarter last year.
A number of analysts have weighed in on the stock. Craig Hallum cut shares of Daseke from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub cut shares of Daseke from a “sell” rating to a “strong sell” rating in a report on Friday, October 5th. Finally, Cowen reissued a “buy” rating and set a $15.00 price objective on shares of Daseke in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $14.88.
DSKE stock traded down $0.22 during midday trading on Wednesday, reaching $5.51. 408,184 shares of the company were exchanged, compared to its average volume of 418,708. The company has a current ratio of 1.81, a quick ratio of 2.19 and a debt-to-equity ratio of 1.51. Daseke has a 1-year low of $5.17 and a 1-year high of $14.52. The stock has a market cap of $343.22 million, a P/E ratio of -9.18 and a beta of 1.42.
Several institutional investors have recently made changes to their positions in DSKE. BlackRock Inc. increased its holdings in shares of Daseke by 76.8% in the 1st quarter. BlackRock Inc. now owns 2,233,445 shares of the company’s stock valued at $21,866,000 after acquiring an additional 970,196 shares during the period. Millennium Management LLC increased its holdings in shares of Daseke by 3,891.3% in the 2nd quarter. Millennium Management LLC now owns 604,996 shares of the company’s stock valued at $6,008,000 after acquiring an additional 589,838 shares during the period. US Bancorp DE increased its holdings in shares of Daseke by 8,242.7% in the 2nd quarter. US Bancorp DE now owns 506,901 shares of the company’s stock valued at $5,034,000 after acquiring an additional 500,825 shares during the period. Boston Partners increased its holdings in shares of Daseke by 649.0% in the 2nd quarter. Boston Partners now owns 323,573 shares of the company’s stock valued at $3,213,000 after acquiring an additional 280,373 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Daseke by 497.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 310,900 shares of the company’s stock valued at $2,493,000 after acquiring an additional 258,867 shares during the period. 37.85% of the stock is currently owned by institutional investors and hedge funds.
Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through Flatbed Solutions and Specialized Solutions segments. The company transports heavy haul freight, defense and commercial arms, ammunition and explosives, radioactive cargo and hazardous materials, and commercial sheet glass, as well as offers 10-wheel drive-away services.
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