Analysts expect that Daseke Inc (NASDAQ:DSKE) will announce $406.62 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Daseke’s earnings, with estimates ranging from $373.80 million to $434.10 million. Daseke posted sales of $327.58 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.1%. The business is expected to announce its next quarterly earnings results on Tuesday, May 14th.

On average, analysts expect that Daseke will report full-year sales of $1.81 billion for the current financial year, with estimates ranging from $1.71 billion to $1.88 billion. For the next financial year, analysts anticipate that the company will post sales of $1.89 billion, with estimates ranging from $1.81 billion to $1.96 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Daseke.

Daseke (NASDAQ:DSKE) last announced its quarterly earnings results on Friday, March 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.38. The business had revenue of $447.00 million for the quarter, compared to analyst estimates of $440.14 million. Daseke had a negative net margin of 0.32% and a positive return on equity of 4.84%. The company’s revenue was up 73.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.12) EPS.

A number of equities research analysts have issued reports on DSKE shares. Seaport Global Securities reissued a “buy” rating on shares of Daseke in a report on Friday, April 5th. Craig Hallum raised shares of Daseke from a “hold” rating to a “buy” rating in a report on Monday, March 11th. BidaskClub raised shares of Daseke from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, ValuEngine raised shares of Daseke from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $15.00.

Daseke stock traded up $0.01 during trading hours on Wednesday, reaching $5.17. The stock had a trading volume of 127,647 shares, compared to its average volume of 338,903. The firm has a market cap of $333.31 million, a PE ratio of 8.08 and a beta of 1.31. Daseke has a 52 week low of $3.13 and a 52 week high of $10.19. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.63.

A number of institutional investors have recently made changes to their positions in DSKE. Deutsche Bank AG boosted its stake in shares of Daseke by 434.5% during the 4th quarter. Deutsche Bank AG now owns 445,863 shares of the company’s stock valued at $1,639,000 after purchasing an additional 362,441 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Daseke by 9.0% during the 4th quarter. BlackRock Inc. now owns 3,260,623 shares of the company’s stock valued at $12,000,000 after purchasing an additional 269,185 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in shares of Daseke during the 4th quarter valued at about $769,000. Penn Capital Management Co. Inc. boosted its stake in shares of Daseke by 114.3% during the 4th quarter. Penn Capital Management Co. Inc. now owns 347,418 shares of the company’s stock valued at $1,278,000 after purchasing an additional 185,282 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Daseke by 208.3% during the 4th quarter. Two Sigma Investments LP now owns 216,736 shares of the company’s stock valued at $798,000 after purchasing an additional 146,428 shares in the last quarter. 33.46% of the stock is currently 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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