Equities research analysts forecast that Daseke Inc (NASDAQ:DSKE) will report sales of $425.72 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Daseke’s earnings, with the lowest sales estimate coming in at $400.00 million and the highest estimate coming in at $445.20 million. Daseke posted sales of $231.32 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 84%. The business is expected to report its next earnings report on Thursday, November 8th.
On average, analysts expect that Daseke will report full year sales of $1.54 billion for the current year, with estimates ranging from $1.52 billion to $1.56 billion. For the next financial year, analysts expect that the company will report sales of $1.79 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 sell-side research firms that follow Daseke.
Daseke (NASDAQ:DSKE) last posted its earnings results on Thursday, August 9th. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.16. Daseke had a return on equity of 1.78% and a net margin of 4.32%. The business had revenue of $376.90 million during the quarter, compared to analysts’ expectations of $356.01 million. During the same period in the previous year, the business earned ($0.15) earnings per share. The firm’s revenue was up 91.0% on a year-over-year basis.
DSKE has been the subject of several recent analyst reports. BidaskClub cut Daseke from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Cowen restated a “buy” rating and set a $15.00 target price on shares of Daseke in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $14.88.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Daseke by 24.9% during the second quarter. BlackRock Inc. now owns 2,788,912 shares of the company’s stock worth $27,693,000 after purchasing an additional 555,467 shares during the last quarter. Millennium Management LLC lifted its stake in Daseke by 3,891.3% during the second quarter. Millennium Management LLC now owns 604,996 shares of the company’s stock worth $6,008,000 after purchasing an additional 589,838 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Daseke by 8.7% during the second quarter. Mutual of America Capital Management LLC now owns 581,081 shares of the company’s stock worth $5,770,000 after purchasing an additional 46,543 shares during the last quarter. US Bancorp DE lifted its stake in Daseke by 8,242.7% during the second quarter. US Bancorp DE now owns 506,901 shares of the company’s stock worth $5,034,000 after purchasing an additional 500,825 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Daseke by 20.4% during the second quarter. Northern Trust Corp now owns 471,155 shares of the company’s stock worth $4,678,000 after purchasing an additional 79,915 shares during the last quarter. Institutional investors and hedge funds own 37.65% of the company’s stock.
Daseke stock traded down $0.21 during midday trading on Friday, hitting $7.12. 295,101 shares of the company’s stock were exchanged, compared to its average volume of 333,526. Daseke has a 52-week low of $7.05 and a 52-week high of $14.52. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.43. The stock has a market cap of $472.39 million, a price-to-earnings ratio of -11.87 and a beta of 0.74.
Daseke Company Profile
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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