Equities analysts expect Daseke Inc (NASDAQ:DSKE) to announce ($0.10) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Daseke’s earnings, with the highest EPS estimate coming in at ($0.03) and the lowest estimate coming in at ($0.15). Daseke posted earnings of $0.02 per share during the same quarter last year, which indicates a negative year over year growth rate of 600%. The business is expected to announce its next earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that Daseke will report full-year earnings of ($0.51) per share for the current year, with EPS estimates ranging from ($0.69) to ($0.31). For the next year, analysts anticipate that the business will report earnings of ($0.41) per share, with EPS estimates ranging from ($0.58) to ($0.24). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Daseke.

Daseke (NASDAQ:DSKE) last released its earnings results 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 positive return on equity of 0.39% and a negative net margin of 1.87%. The business had revenue of $450.60 million during the quarter, compared to analysts’ expectations of $459.30 million. During the same quarter in the previous year, the business earned $0.20 EPS. The business’s revenue for the quarter was up 19.6% on a year-over-year basis.

DSKE has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Daseke from a “hold” rating to a “strong sell” rating in a research note on Monday, June 24th. Craig Hallum lowered Daseke from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Cowen restated a “buy” rating and set a $6.50 price target on shares of Daseke in a research note on Monday, May 6th. BidaskClub lowered Daseke from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. Finally, Northland Securities started coverage on Daseke in a research note on Tuesday, May 21st. They set a “buy” rating and a $8.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $7.50.

In other news, COO Christopher R. Easter purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of $2.17 per share, for a total transaction of $43,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Sinclair purchased 15,000 shares of the business’s stock in a transaction dated 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 disclosure for this purchase can be found here. Company insiders own 29.71% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in Daseke by 447.9% during the first quarter. BNP Paribas Arbitrage SA now owns 8,537 shares of the company’s stock valued at $43,000 after purchasing an additional 6,979 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Daseke by 101.8% during the second quarter. Public Employees Retirement System of Ohio now owns 11,579 shares of the company’s stock valued at $42,000 after purchasing an additional 5,842 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Daseke by 278.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,489 shares of the company’s stock valued at $74,000 after purchasing an additional 10,661 shares in the last quarter. SG Americas Securities LLC bought a new stake in Daseke during the first quarter valued at about $75,000. Finally, Citigroup Inc. boosted its position in Daseke by 17.6% during the fourth quarter. Citigroup Inc. now owns 15,753 shares of the company’s stock valued at $58,000 after purchasing an additional 2,362 shares in the last quarter. 32.92% of the stock is currently owned by institutional investors.

DSKE stock traded down $0.21 during midday trading on Wednesday, reaching $2.01. The company’s stock had a trading volume of 416,930 shares, compared to its average volume of 297,573. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.74. The company’s fifty day moving average price is $3.33. Daseke has a 1 year low of $1.95 and a 1 year high of $9.78. The stock has a market cap of $140.79 million, a price-to-earnings ratio of 3.13 and a beta of 1.10.

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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