Analysts expect Daseke Inc (NASDAQ:DSKE) to announce earnings of ($0.30) per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Daseke’s earnings, with the highest EPS estimate coming in at ($0.23) and the lowest estimate coming in at ($0.39). Daseke posted earnings of $0.05 per share during the same quarter last year, which would suggest a negative year over year growth rate of 700%. The business is expected to issue its next quarterly earnings results on Friday, March 13th.
On average, analysts expect that Daseke will report full-year earnings of ($4.82) per share for the current year, with EPS estimates ranging from ($4.92) to ($4.75). For the next fiscal year, analysts expect that the firm will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.66) to $0.13. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Daseke.
Daseke (NASDAQ:DSKE) last announced its earnings results on Tuesday, November 12th. The company reported ($4.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($3.97). Daseke had a positive return on equity of 10.65% and a negative net margin of 17.35%. The business had revenue of $450.40 million for the quarter, compared to analyst estimates of $433.86 million. During the same period in the previous year, the company earned $0.01 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year.
In other news, Director Ena Williams bought 22,000 shares of Daseke stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $3.36 per share, with a total value of $73,920.00. 29.71% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Zazove Associates LLC lifted its stake in Daseke by 3,804.2% in the 2nd quarter. Zazove Associates LLC now owns 4,428,325 shares of the company’s stock worth $408,000 after purchasing an additional 4,314,900 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Daseke by 7.7% in the second quarter. BlackRock Inc. now owns 3,528,275 shares of the company’s stock valued at $12,701,000 after purchasing an additional 253,165 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Daseke by 54.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 942,724 shares of the company’s stock valued at $3,394,000 after purchasing an additional 333,122 shares during the last quarter. State Street Corp lifted its position in Daseke by 3.1% during the third quarter. State Street Corp now owns 772,321 shares of the company’s stock worth $1,931,000 after buying an additional 23,143 shares in the last quarter. Finally, Wittenberg Investment Management Inc. grew its holdings in Daseke by 0.7% in the 2nd quarter. Wittenberg Investment Management Inc. now owns 688,470 shares of the company’s stock valued at $2,478,000 after buying an additional 4,800 shares in the last quarter. 27.93% of the stock is currently owned by institutional investors.
Daseke stock traded up $0.01 during trading on Friday, reaching $2.83. The company had a trading volume of 2,403 shares, compared to its average volume of 190,934. The firm’s 50-day simple moving average is $2.90 and its 200 day simple moving average is $3.14. Daseke has a 1-year low of $1.46 and a 1-year high of $5.65. The firm has a market capitalization of $182.79 million, a PE ratio of 4.42 and a beta of 1.49. The company has a debt-to-equity ratio of 6.92, a quick ratio of 1.39 and a current ratio of 1.39.
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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