Equities research analysts predict that Daseke Inc (NASDAQ:DSKE) will post ($0.17) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Daseke’s earnings, with the lowest EPS estimate coming in at ($0.29) and the highest estimate coming in at ($0.12). Daseke posted earnings per share of $0.02 in the same quarter last year, which would suggest a negative year-over-year growth rate of 950%. The company is expected to report its next earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Daseke will report full year earnings of ($0.68) per share for the current fiscal year, with EPS estimates ranging from ($0.85) to ($0.56). For the next financial year, analysts forecast that the business will report earnings of ($0.49) per share, with EPS estimates ranging from ($0.66) to ($0.36). Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Daseke.
Daseke (NASDAQ:DSKE) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05). Daseke had a positive return on equity of 0.39% and a negative net margin of 1.87%. The business had revenue of $450.60 million for the quarter, compared to analyst estimates of $459.30 million. During the same period last year, the firm posted $0.20 EPS. Daseke’s quarterly revenue was up 19.6% on a year-over-year basis.
In other news, Director Mark Sinclair acquired 15,000 shares of Daseke stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $2.25 per share, for a total transaction of $33,750.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ena Williams acquired 22,000 shares of Daseke stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $3.36 per share, for a total transaction of $73,920.00. Insiders have purchased a total of 57,000 shares of company stock worth $151,070 in the last 90 days. 29.71% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSKE. Zazove Associates LLC grew its position in shares of Daseke by 3,804.2% in the 2nd quarter. Zazove Associates LLC now owns 4,428,325 shares of the company’s stock valued at $408,000 after buying an additional 4,314,900 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Daseke in the 2nd quarter valued at about $2,078,000. Charles Schwab Investment Management Inc. grew its position in shares of Daseke by 54.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 942,724 shares of the company’s stock valued at $3,394,000 after buying an additional 333,122 shares during the last quarter. BlackRock Inc. grew its position in shares of Daseke by 7.7% in the 2nd quarter. BlackRock Inc. now owns 3,528,275 shares of the company’s stock valued at $12,701,000 after buying an additional 253,165 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Daseke in the 2nd quarter valued at about $202,000. Hedge funds and other institutional investors own 31.58% of the company’s stock.
Shares of Daseke stock traded up $0.02 during trading on Monday, reaching $2.95. 133,267 shares of the company’s stock were exchanged, compared to its average volume of 265,316. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.41 and a current ratio of 1.41. Daseke has a 1-year low of $1.46 and a 1-year high of $7.35. The company has a market cap of $189.23 million, a P/E ratio of 4.61 and a beta of 1.44. The firm’s 50-day moving average price is $2.59 and its 200 day moving average price is $3.66.
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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