Analysts predict that Daseke Inc (NASDAQ:DSKE) will announce earnings of $0.04 per share for the current quarter, according to Zacks. Four analysts have made estimates for Daseke’s earnings, with estimates ranging from $0.02 to $0.07. Daseke reported earnings of ($0.03) per share during the same quarter last year, which would indicate a positive year over year growth rate of 233.3%. The business is scheduled to report its next earnings results on Thursday, November 8th.

On average, analysts expect that Daseke will report full-year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.09 to $0.19. For the next financial year, analysts expect that the business will post earnings of $0.16 per share, with EPS estimates ranging from $0.03 to $0.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Daseke.

Daseke (NASDAQ:DSKE) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $376.90 million for the quarter, compared to analysts’ expectations of $356.01 million. Daseke had a net margin of 4.32% and a return on equity of 1.78%. The firm’s revenue for the quarter was up 91.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.15) earnings per share.

DSKE has been the topic of a number of research reports. Cowen restated a “buy” rating and set a $15.00 target price on shares of Daseke in a research report on Friday, August 10th. BidaskClub lowered shares of Daseke from a “buy” rating to a “hold” rating in a research report on Friday, July 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $14.88.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Daseke by 24.9% in the 2nd quarter. BlackRock Inc. now owns 2,788,912 shares of the company’s stock valued at $27,693,000 after buying an additional 555,467 shares during the last quarter. Millennium Management LLC grew its position in Daseke by 3,891.3% in the 2nd quarter. Millennium Management LLC now owns 604,996 shares of the company’s stock valued at $6,008,000 after buying an additional 589,838 shares during the last quarter. Mutual of America Capital Management LLC grew its position in Daseke by 8.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 581,081 shares of the company’s stock valued at $5,770,000 after buying an additional 46,543 shares during the last quarter. US Bancorp DE grew its position in Daseke by 8,242.7% in the 2nd quarter. US Bancorp DE now owns 506,901 shares of the company’s stock valued at $5,034,000 after buying an additional 500,825 shares during the last quarter. Finally, Northern Trust Corp grew its position in Daseke by 20.4% in the 2nd quarter. Northern Trust Corp now owns 471,155 shares of the company’s stock valued at $4,678,000 after buying an additional 79,915 shares during the last quarter. Hedge funds and other institutional investors own 37.65% of the company’s stock.

Shares of DSKE traded down $0.33 during mid-day trading on Thursday, reaching $7.33. 639,572 shares of the company’s stock were exchanged, compared to its average volume of 393,184. 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 firm has a market cap of $516.85 million, a PE ratio of -12.78 and a beta of 0.75. Daseke has a 52-week low of $7.08 and a 52-week high of $14.52.

About Daseke

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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