Brokerages expect that Daseke Inc (NASDAQ:DSKE) will report ($0.10) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Daseke’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.08). Daseke posted earnings of ($0.13) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.1%. The firm is scheduled to announce its next quarterly earnings report on Friday, March 15th.
According to Zacks, analysts expect that Daseke will report full year earnings of $0.07 per share for the current financial year, with EPS estimates ranging from $0.04 to $0.09. For the next fiscal year, analysts forecast that the company will report earnings of $0.05 per share, with EPS estimates ranging from ($0.14) to $0.13. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Daseke.
A number of research firms have recently issued reports on DSKE. Craig Hallum downgraded Daseke from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. BidaskClub raised Daseke from a “sell” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $14.00.
In other news, Director Mark Sinclair purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were acquired at an average price of $3.77 per share, with a total value of $37,700.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Don R. Daseke purchased 76,000 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were purchased at an average cost of $3.39 per share, for a total transaction of $257,640.00. The disclosure for this purchase can be found here. Insiders have bought a total of 91,000 shares of company stock worth $313,040 in the last three months. Corporate insiders own 28.58% of the company’s stock.
A number of hedge funds have recently modified their holdings of DSKE. Global Alpha Capital Management Ltd. boosted its position in Daseke by 164.5% during the third quarter. Global Alpha Capital Management Ltd. now owns 1,019,600 shares of the company’s stock valued at $8,177,000 after purchasing an additional 634,100 shares in the last quarter. Millennium Management LLC boosted its position in Daseke by 3,891.3% during the second quarter. Millennium Management LLC now owns 604,996 shares of the company’s stock valued at $6,008,000 after purchasing an additional 589,838 shares in the last quarter. BlackRock Inc. boosted its position in Daseke by 24.9% during the second quarter. BlackRock Inc. now owns 2,788,912 shares of the company’s stock valued at $27,693,000 after purchasing an additional 555,467 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Daseke by 497.5% during the third quarter. Russell Investments Group Ltd. now owns 310,900 shares of the company’s stock valued at $2,493,000 after purchasing an additional 258,867 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Daseke during the fourth quarter valued at about $530,000. 34.86% of the stock is currently owned by institutional investors.
Shares of DSKE traded down $0.24 during midday trading on Tuesday, reaching $4.24. 385,646 shares of the stock were exchanged, compared to its average volume of 309,713. Daseke has a 52 week low of $3.13 and a 52 week high of $13.11. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $273.28 million, a price-to-earnings ratio of 84.80 and a beta of 1.22.
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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