Datalink Corp. (DTLK) Set to Announce Quarterly Earnings on Wednesday
Datalink Corp. (NASDAQ:DTLK) will be releasing its earnings data after the market closes on Wednesday, October 19th. Analysts expect Datalink Corp. to post earnings of $0.18 per share for the quarter.
Datalink Corp. (NASDAQ:DTLK) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.06. The company had revenue of $199.20 million for the quarter, compared to analyst estimates of $186.59 million. Datalink Corp. had a return on equity of 5.59% and a net margin of 0.97%. During the same quarter last year, the firm posted $0.12 earnings per share. On average, analysts expect Datalink Corp. to post $0.38 EPS for the current fiscal year and $0.42 EPS for the next fiscal year.
Shares of Datalink Corp. (NASDAQ:DTLK) opened at 10.28 on Tuesday. The stock’s 50 day moving average price is $10.33 and its 200-day moving average price is $9.02. The firm has a market cap of $227.53 million, a price-to-earnings ratio of 30.15 and a beta of 1.37. Datalink Corp. has a 52-week low of $6.09 and a 52-week high of $10.99.
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Separately, Zacks Investment Research lowered Datalink Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 28th.
Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Datalink Corp. by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,915,019 shares of the company’s stock worth $14,363,000 after buying an additional 32,023 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Datalink Corp. by 4.0% in the second quarter. Vanguard Group Inc. now owns 693,959 shares of the company’s stock worth $5,204,000 after buying an additional 26,989 shares in the last quarter. BlackRock Investment Management LLC raised its stake in shares of Datalink Corp. by 5.3% in the second quarter. BlackRock Investment Management LLC now owns 85,938 shares of the company’s stock worth $645,000 after buying an additional 4,334 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Datalink Corp. by 5.5% in the second quarter. BlackRock Fund Advisors now owns 520,223 shares of the company’s stock worth $3,902,000 after buying an additional 27,345 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Datalink Corp. by 2,459.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 18,937 shares of the company’s stock worth $142,000 after buying an additional 18,197 shares in the last quarter. Institutional investors and hedge funds own 73.07% 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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