Datalink Corp. (DTLK) Set to Announce Earnings on Wednesday
Datalink Corp. (NASDAQ:DTLK) will release 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 data on Thursday, July 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. Datalink Corp. had a net margin of 0.97% and a return on equity of 5.59%. The company earned $199.20 million during the quarter, compared to analyst estimates of $186.59 million. During the same quarter in the prior year, the business earned $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 10.37 on Monday. The firm has a market cap of $229.52 million, a price-to-earnings ratio of 30.41 and a beta of 1.37. Datalink Corp. has a 52-week low of $6.09 and a 52-week high of $10.99. The stock has a 50 day moving average of $10.33 and a 200 day moving average of $9.01.
Separately, Zacks Investment Research upgraded shares of Datalink Corp. from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday, August 3rd.
Hedge funds and other institutional investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its position 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 valued at $142,000 after buying an additional 18,197 shares during the last quarter. Eagle Global Advisors LLC purchased a new position in shares of Datalink Corp. during the second quarter valued at approximately $192,000. Menta Capital LLC boosted its stake in Datalink Corp. by 99.7% in the second quarter. Menta Capital LLC now owns 32,301 shares of the company’s stock valued at $242,000 after buying an additional 16,129 shares in the last quarter. Spark Investment Management LLC boosted its stake in Datalink Corp. by 147.4% in the second quarter. Spark Investment Management LLC now owns 67,800 shares of the company’s stock valued at $508,000 after buying an additional 40,400 shares in the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in Datalink Corp. by 5.3% in the second quarter. BlackRock Investment Management LLC now owns 85,938 shares of the company’s stock valued at $645,000 after buying an additional 4,334 shares in the last quarter. Institutional investors 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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