A number of other research analysts also recently weighed in on DSKE. Seaport Global Securities reaffirmed a “buy” rating on shares of Daseke in a research note on Friday, April 5th. ValuEngine upgraded Daseke from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Cowen reaffirmed a “buy” rating and set a $6.50 price objective on shares of Daseke in a research note on Monday, May 6th. Northland Securities assumed coverage on shares of Daseke in a report on Tuesday, May 21st. They set a “buy” rating and a $8.50 target price for the company. Finally, Craig Hallum raised shares of Daseke from a “hold” rating to a “buy” rating in a research report on Monday, March 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $10.00.
DSKE opened at $4.15 on Wednesday. The company has a market capitalization of $267.65 million, a PE ratio of 6.48 and a beta of 1.39. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.69. Daseke has a 12-month low of $3.13 and a 12-month high of $10.19.
Daseke (NASDAQ:DSKE) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.12. The company had revenue of $433.00 million for the quarter, compared to analyst estimates of $420.96 million. Daseke had a positive return on equity of 5.50% and a negative net margin of 0.80%. The company’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. As a group, equities research analysts anticipate that Daseke will post -0.3 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D boosted its stake in shares of Daseke by 3.1% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 670,000 shares of the company’s stock worth $3,410,000 after purchasing an additional 20,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Daseke by 3.1% during the third quarter. Vanguard Group Inc. now owns 1,865,716 shares of the company’s stock worth $14,962,000 after buying an additional 55,455 shares in the last quarter. Freestone Capital Holdings LLC acquired a new position in Daseke in the fourth quarter worth $65,000. Kovack Advisors Inc. bought a new stake in shares of Daseke during the fourth quarter valued at about $39,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Daseke by 16.6% during the fourth quarter. Bank of New York Mellon Corp now owns 171,222 shares of the company’s stock valued at $630,000 after purchasing an additional 24,388 shares in the last quarter. Institutional investors and hedge funds own 33.18% 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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