Wall Street brokerages forecast that Daseke Inc (NASDAQ:DSKE) will announce $442.34 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Daseke’s earnings, with the lowest sales estimate coming in at $424.70 million and the highest estimate coming in at $467.42 million. Daseke posted sales of $461.59 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.2%. The business is scheduled to announce its next earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that Daseke will report full year sales of $1.73 billion for the current fiscal year, with estimates ranging from $1.72 billion to $1.73 billion. For the next financial year, analysts anticipate that the company will post sales of $1.78 billion, with estimates ranging from $1.75 billion to $1.80 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Daseke.

Daseke (NASDAQ:DSKE) last issued its earnings results on Monday, August 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.05). The business had revenue of $450.60 million during the quarter, compared to the consensus estimate of $459.30 million. Daseke had a positive return on equity of 0.39% and a negative net margin of 1.87%. The business’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 EPS.

A number of equities research analysts have recently weighed in on DSKE shares. Northland Securities started coverage on Daseke in a report on Tuesday, May 21st. They set a “buy” rating and a $8.50 price target on the stock. ValuEngine raised Daseke from a “sell” rating to a “hold” rating in a report on Wednesday, June 12th. Craig Hallum lowered shares of Daseke from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Cowen reiterated a “buy” rating and set a $6.50 price objective on shares of Daseke in a research note on Monday, May 6th. Finally, Zacks Investment Research lowered shares of Daseke from a “hold” rating to a “strong sell” rating in a research note on Monday, June 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.50.

Shares of DSKE traded down $0.21 during mid-day trading on Friday, reaching $2.01. 416,930 shares of the company’s stock traded hands, compared to its average volume of 297,573. The firm’s 50-day simple moving average is $3.33. The company has a market cap of $140.79 million, a PE ratio of 3.13 and a beta of 1.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.74. Daseke has a 12 month low of $1.95 and a 12 month high of $9.78.

In other Daseke news, Director Mark Sinclair acquired 15,000 shares of Daseke stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of $2.25 per share, with a total value of $33,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Christopher R. Easter acquired 20,000 shares of Daseke stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $2.17 per share, with a total value of $43,400.00. The disclosure for this purchase can be found here. Insiders own 29.71% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its position in Daseke by 4.0% during the 1st quarter. Rhumbline Advisers now owns 59,202 shares of the company’s stock worth $301,000 after acquiring an additional 2,253 shares during the last quarter. Wittenberg Investment Management Inc. lifted its position in Daseke by 0.7% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 688,470 shares of the company’s stock worth $2,478,000 after acquiring an additional 4,800 shares during the last quarter. Freestone Capital Holdings LLC lifted its position in Daseke by 28.1% during the 2nd quarter. Freestone Capital Holdings LLC now owns 22,770 shares of the company’s stock worth $82,000 after acquiring an additional 5,000 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Daseke by 101.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,579 shares of the company’s stock worth $42,000 after acquiring an additional 5,842 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in Daseke by 22.9% during the 4th quarter. Squarepoint Ops LLC now owns 32,429 shares of the company’s stock worth $119,000 after acquiring an additional 6,041 shares during the last quarter. 32.92% of the stock is owned by institutional investors and hedge funds.

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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