FY2019 EPS Estimates for Daseke Inc Cut by Seaport Global Securities (NASDAQ:DSKE)

Daseke Inc (NASDAQ:DSKE) – Equities research analysts at Seaport Global Securities reduced their FY2019 earnings per share estimates for shares of Daseke in a report issued on Thursday, November 14th. Seaport Global Securities analyst K. Sterling now expects that the company will post earnings of ($4.92) per share for the year, down from their prior estimate of ($0.85). Seaport Global Securities also issued estimates for Daseke’s Q4 2019 earnings at ($0.39) EPS.

Daseke (NASDAQ:DSKE) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($4.14) earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $450.40 million for the quarter, compared to the consensus estimate of $433.86 million. During the same quarter in the previous year, the business posted $0.01 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year.

Several other research analysts have also issued reports on the stock. Craig Hallum lowered shares of Daseke from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Zacks Investment Research raised shares of Daseke from a “strong sell” rating to a “hold” rating in a research report on Friday. Finally, ValuEngine downgraded shares of Daseke from a “buy” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Daseke has an average rating of “Hold” and an average target price of $7.50.

Daseke stock opened at $3.13 on Monday. The company has a debt-to-equity ratio of 6.92, a quick ratio of 1.41 and a current ratio of 1.39. Daseke has a 52-week low of $1.46 and a 52-week high of $5.65. The firm has a 50 day moving average price of $2.81 and a two-hundred day moving average price of $3.36. The firm has a market cap of $198.93 million, a price-to-earnings ratio of 4.89 and a beta of 1.46.

In related news, Director Ena Williams acquired 22,000 shares of Daseke stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $3.36 per share, with a total value of $73,920.00. Company insiders own 29.71% of the company’s stock.

Several hedge funds have recently made changes to their positions in DSKE. Zazove Associates LLC grew its position in 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 purchasing an additional 4,314,900 shares during the period. BlackRock Inc. raised its stake in Daseke by 7.7% during the 2nd 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 period. Charles Schwab Investment Management Inc. grew its holdings in Daseke by 54.6% during 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 in the last quarter. Wittenberg Investment Management Inc. grew its holdings in Daseke by 0.7% during 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. Finally, Nuveen Asset Management LLC purchased a new position in Daseke during the 2nd quarter valued at approximately $2,078,000. 28.29% of the stock is owned by institutional investors.

Daseke Company Profile

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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Earnings History and Estimates for Daseke (NASDAQ:DSKE)

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