Wall Street analysts expect Daseke Inc (NASDAQ:DSKE) to report earnings per share (EPS) of ($0.17) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Daseke’s earnings. The lowest EPS estimate is ($0.29) and the highest is ($0.10). Daseke reported earnings of $0.02 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 950%. The business is scheduled to report its next earnings report on Tuesday, November 5th.
On average, analysts expect that Daseke will report full-year earnings of ($0.60) per share for the current financial year, with EPS estimates ranging from ($0.85) to ($0.31). For the next fiscal year, analysts expect that the business will post earnings of ($0.49) per share, with EPS estimates ranging from ($0.66) to ($0.34). Zacks’ EPS averages are an average based on a survey of analysts that cover Daseke.
Daseke (NASDAQ:DSKE) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05). Daseke had a negative net margin of 1.87% and a positive return on equity of 0.39%. The firm had revenue of $450.60 million during the quarter, compared to analyst estimates of $459.30 million. During the same period in the prior year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 19.6% on a year-over-year basis.
Shares of NASDAQ:DSKE traded up $0.09 on Friday, reaching $2.97. 474,728 shares of the company’s stock were exchanged, compared to its average volume of 456,967. The firm has a market capitalization of $192.46 million, a price-to-earnings ratio of 4.64 and a beta of 1.38. Daseke has a fifty-two week low of $1.46 and a fifty-two week high of $8.81. The business’s 50-day moving average is $2.32 and its two-hundred day moving average is $3.97. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.74.
In other news, Director Mark Sinclair acquired 15,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $2.25 per share, for a total transaction of $33,750.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ena Williams bought 22,000 shares of Daseke stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $3.36 per share, for a total transaction of $73,920.00. In the last ninety days, insiders have acquired 57,000 shares of company stock valued at $151,070. Insiders own 29.71% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in DSKE. Zazove Associates LLC increased its holdings in Daseke by 3,804.2% in the second 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. Nuveen Asset Management LLC bought a new stake in Daseke in the second quarter worth approximately $2,078,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Daseke by 54.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 942,724 shares of the company’s stock valued at $3,394,000 after acquiring an additional 333,122 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Daseke by 7.7% during the second quarter. BlackRock Inc. now owns 3,528,275 shares of the company’s stock valued at $12,701,000 after acquiring an additional 253,165 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Daseke by 327.0% during the fourth quarter. Bank of America Corp DE now owns 75,010 shares of the company’s stock valued at $276,000 after acquiring an additional 57,442 shares in the last quarter. 31.58% of the stock is currently owned by institutional investors and hedge funds.
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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