Daseke Inc. (NASDAQ:DSKE) – Zacks Investment Research cut their Q2 2018 earnings per share estimates for Daseke in a research note issued to investors on Monday, May 14th. Zacks Investment Research analyst S. Ralston now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their prior forecast of $0.04. Zacks Investment Research also issued estimates for Daseke’s Q3 2018 earnings at $0.04 EPS, FY2018 earnings at $0.03 EPS and FY2019 earnings at $0.20 EPS.
A number of other brokerages also recently issued reports on DSKE. Cowen reissued a “buy” rating on shares of Daseke in a research report on Tuesday, May 8th. ValuEngine raised shares of Daseke from a “sell” rating to a “hold” rating in a research report on Tuesday, April 17th. Buckingham Research started coverage on shares of Daseke in a research report on Friday, February 23rd. They set a “buy” rating and a $14.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Daseke in a research report on Friday, April 6th. They set a “buy” rating and a $12.00 price objective on the stock. Finally, BidaskClub downgraded shares of Daseke from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $14.10.
Daseke (NASDAQ:DSKE) last issued its quarterly earnings data on Tuesday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.04. The business had revenue of $327.60 million for the quarter, compared to the consensus estimate of $304.18 million. Daseke had a net margin of 3.35% and a negative return on equity of 4.69%. The firm’s revenue was up 104.2% on a year-over-year basis.
In other news, Director Kevin M. Charlton sold 80,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $9.99, for a total value of $799,200.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 37.22% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in DSKE. Schwab Charles Investment Management Inc. grew its position in shares of Daseke by 93.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 137,320 shares of the company’s stock worth $1,963,000 after buying an additional 66,176 shares during the period. Mutual of America Capital Management LLC boosted its stake in Daseke by 58.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 324,191 shares of the company’s stock worth $4,633,000 after purchasing an additional 119,428 shares in the last quarter. Malaga Cove Capital LLC boosted its stake in Daseke by 16.7% in the 4th quarter. Malaga Cove Capital LLC now owns 144,303 shares of the company’s stock worth $2,062,000 after purchasing an additional 20,611 shares in the last quarter. Boston Partners bought a new position in Daseke in the 4th quarter worth about $5,375,000. Finally, Emerald Advisers Inc. PA boosted its stake in Daseke by 53.5% in the 4th quarter. Emerald Advisers Inc. PA now owns 1,168,230 shares of the company’s stock worth $16,694,000 after purchasing an additional 407,273 shares in the last quarter. 32.48% 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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