Lake Street Capital Weighs in on Datalink Corp.’s Q1 2017 Earnings (DTLK)
Datalink Corp. (NASDAQ:DTLK) – Analysts at Lake Street Capital dropped their Q1 2017 earnings estimates for Datalink Corp. in a research report issued on Tuesday. Lake Street Capital analyst E. Martinuzzi now anticipates that the brokerage will post earnings per share of $0.03 for the quarter, down from their previous estimate of $0.04. Lake Street Capital also issued estimates for Datalink Corp.’s FY2017 earnings at $0.40 EPS.
Other analysts have also recently issued reports about the company. Zacks Investment Research raised Datalink Corp. from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, August 3rd. Canaccord Genuity lowered Datalink Corp. from a “buy” rating to a “hold” rating and set a $11.25 target price on the stock. in a research note on Tuesday. Finally, Needham & Company LLC lowered Datalink Corp. from a “buy” rating to a “hold” rating in a research note on Monday, November 7th.
Datalink Corp. (NASDAQ:DTLK) opened at 11.17 on Thursday. Datalink Corp. has a 1-year low of $6.13 and a 1-year high of $11.19. The firm has a market cap of $247.23 million, a price-to-earnings ratio of 32.76 and a beta of 0.95. The firm has a 50-day moving average price of $10.37 and a 200-day moving average price of $9.19.
Datalink Corp. (NASDAQ:DTLK) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.06. The business earned $183.97 million during the quarter, compared to analyst estimates of $191.98 million. Datalink Corp. had a return on equity of 3.89% and a net margin of 0.89%. Datalink Corp.’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS.
Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Datalink Corp. by 2.8% in the first quarter. Wellington Management Group LLP now owns 3,203,731 shares of the company’s stock worth $29,282,000 after buying an additional 88,043 shares during the period. Acadian Asset Management LLC raised its position in Datalink Corp. by 301.2% in the second quarter. Acadian Asset Management LLC now owns 446,960 shares of the company’s stock worth $3,352,000 after buying an additional 335,547 shares during the period. Oxford Asset Management raised its position in Datalink Corp. by 6.8% in the second quarter. Oxford Asset Management now owns 113,772 shares of the company’s stock worth $853,000 after buying an additional 7,223 shares during the period. Hancock Holding Co. bought a new position in Datalink Corp. during the second quarter worth approximately $105,000. Finally, GSA Capital Partners LLP raised its position in Datalink Corp. by 330.6% in the second quarter. GSA Capital Partners LLP now owns 49,885 shares of the company’s stock worth $374,000 after buying an additional 38,300 shares during the period. Hedge funds and other institutional investors own 71.43% of the company’s stock.
About Datalink Corp.
Datalink Corporation is a provider of information technology (IT) services and solutions. The Company provides a full life cycle of services, including consulting, strategy, design, deploy, manage and support. The Company leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio.
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