Daseke Inc (NASDAQ:DSKE) – Research analysts at Seaport Global Securities cut their FY2018 EPS estimates for shares of Daseke in a note issued to investors on Tuesday, November 6th. Seaport Global Securities analyst W. Milby now anticipates that the company will post earnings per share of $0.09 for the year, down from their prior forecast of $0.13. Seaport Global Securities also issued estimates for Daseke’s Q4 2018 earnings at ($0.08) EPS, Q1 2019 earnings at ($0.01) EPS, Q4 2019 earnings at ($0.03) EPS and FY2019 earnings at $0.10 EPS.
DSKE has been the topic of a number of other reports. Craig Hallum lowered Daseke from a “buy” rating to a “hold” rating in a report on Tuesday. Cowen reissued a “buy” rating and issued a $13.00 price objective on shares of Daseke in a report on Friday, August 3rd. Finally, BidaskClub lowered Daseke from a “hold” rating to a “sell” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $14.88.
Shares of DSKE stock opened at $5.73 on Friday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $364.76 million, a PE ratio of -9.55 and a beta of 1.42. Daseke has a fifty-two week low of $5.17 and a fifty-two week high of $14.52.
Daseke (NASDAQ:DSKE) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $461.59 million during the quarter, compared to analyst estimates of $430.29 million. Daseke had a net margin of 3.77% and a return on equity of 2.33%. The firm’s revenue for the quarter was up 99.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share.
Institutional investors have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in Daseke during the first quarter worth about $148,000. Arcus Capital Partners LLC acquired a new stake in Daseke during the third quarter worth about $164,000. Cubist Systematic Strategies LLC acquired a new stake in Daseke during the first quarter worth about $168,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Daseke during the second quarter worth about $168,000. Finally, MetLife Investment Advisors LLC grew its holdings in Daseke by 67.3% during the second quarter. MetLife Investment Advisors LLC now owns 19,836 shares of the company’s stock worth $197,000 after acquiring an additional 7,978 shares during the period. 37.85% of the stock is currently owned by hedge funds and other 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 Flatbed Solutions and Specialized Solutions segments. The company transports heavy haul freight, defense and commercial arms, ammunition and explosives, radioactive cargo and hazardous materials, and commercial sheet glass, as well as offers 10-wheel drive-away services.
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