Daseke Inc (DSKE) Expected to Earn Q2 2019 Earnings of $0.06 Per Share

Daseke Inc (NASDAQ:DSKE) – Equities research analysts at Seaport Global Securities decreased their Q2 2019 earnings estimates for Daseke in a research note issued on Tuesday, November 6th. Seaport Global Securities analyst W. Milby now forecasts that the company will post earnings per share of $0.06 for the quarter, down from their previous estimate of $0.08. Seaport Global Securities also issued estimates for Daseke’s Q1 2020 earnings at $0.00 EPS, Q2 2020 earnings at $0.07 EPS, Q3 2020 earnings at $0.10 EPS and FY2020 earnings at $0.14 EPS.

Daseke (NASDAQ:DSKE) last issued its earnings results on Tuesday, November 6th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). Daseke had a net margin of 3.77% and a return on equity of 2.33%. The firm had revenue of $461.59 million during the quarter, compared to analyst estimates of $430.29 million. During the same quarter in the previous year, the business posted ($0.03) EPS. Daseke’s revenue was up 99.5% compared to the same quarter last year.

A number of other research analysts have also recently weighed in on DSKE. BidaskClub cut Daseke from a “buy” rating to a “hold” rating in a report on Friday, July 13th. Cowen reiterated a “buy” rating and issued a $13.00 target price on shares of Daseke in a report on Friday, August 3rd. Finally, Craig Hallum cut Daseke from a “buy” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.88.

Shares of Daseke stock opened at $5.73 on Thursday. Daseke has a twelve month low of $5.17 and a twelve month high of $14.52. The firm has a market capitalization of $364.76 million, a P/E ratio of -9.55 and a beta of 1.42. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.19 and a current ratio of 2.19.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Daseke by 24.9% in the second quarter. BlackRock Inc. now owns 2,788,912 shares of the company’s stock valued at $27,693,000 after acquiring an additional 555,467 shares during the last quarter. US Bancorp DE raised its position in Daseke by 23.5% in the third quarter. US Bancorp DE now owns 625,875 shares of the company’s stock valued at $5,020,000 after purchasing an additional 118,974 shares during the period. Millennium Management LLC raised its position in Daseke by 3,891.3% in 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 during the period. Mutual of America Capital Management LLC raised its position in Daseke by 8.7% in the second quarter. Mutual of America Capital Management LLC now owns 581,081 shares of the company’s stock valued at $5,770,000 after purchasing an additional 46,543 shares during the period. Finally, Northern Trust Corp raised its position in Daseke by 20.4% in the second quarter. Northern Trust Corp now owns 471,155 shares of the company’s stock valued at $4,678,000 after purchasing an additional 79,915 shares during the period. Hedge funds and other institutional investors own 37.85% 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 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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Earnings History and Estimates for Daseke (NASDAQ:DSKE)

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