Wall Street analysts expect that Daseke Inc (NASDAQ:DSKE) will post $407.89 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Daseke’s earnings. The highest sales estimate is $445.00 million and the lowest is $373.40 million. Daseke reported sales of $257.23 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 58.6%. The company is expected to issue its next earnings results on Friday, March 15th.

On average, analysts expect that Daseke will report full year sales of $1.57 billion for the current financial year, with estimates ranging from $1.55 billion to $1.58 billion. For the next year, analysts anticipate that the business will report sales of $1.80 billion, with estimates ranging from $1.71 billion to $1.95 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Daseke.

Daseke (NASDAQ:DSKE) last announced its earnings results on Tuesday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Daseke had a return on equity of 2.25% and a net margin of 3.77%. The company had revenue of $461.59 million during the quarter, compared to analysts’ expectations of $430.29 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The firm’s revenue was up 99.5% on a year-over-year basis.

Several brokerages recently issued reports on DSKE. BidaskClub upgraded shares of Daseke from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Cowen reiterated a “buy” rating and issued a $15.00 target price on shares of Daseke in a research report on Friday, August 10th. Finally, Craig Hallum lowered shares of Daseke from a “buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $14.88.

NASDAQ:DSKE traded down $0.22 during midday trading on Wednesday, hitting $5.51. The company had a trading volume of 408,184 shares, compared to its average volume of 418,708. Daseke has a 52-week low of $5.17 and a 52-week high of $14.52. The firm has a market capitalization of $343.22 million, a PE ratio of -9.18 and a beta of 1.42. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.19 and a current ratio of 1.81.

A number of institutional investors have recently bought and sold shares of DSKE. Northern Trust Corp lifted its stake in Daseke by 27.3% in the first quarter. Northern Trust Corp now owns 391,240 shares of the company’s stock worth $3,830,000 after purchasing an additional 83,986 shares during the last quarter. BlackRock Inc. lifted its stake in Daseke by 76.8% in the first quarter. BlackRock Inc. now owns 2,233,445 shares of the company’s stock worth $21,866,000 after purchasing an additional 970,196 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Daseke by 31.7% in the first quarter. The Manufacturers Life Insurance Company now owns 25,691 shares of the company’s stock worth $251,000 after purchasing an additional 6,189 shares during the last quarter. LPL Financial LLC bought a new stake in Daseke in the first quarter worth $271,000. Finally, California State Teachers Retirement System lifted its stake in Daseke by 31.9% in the first quarter. California State Teachers Retirement System now owns 50,137 shares of the company’s stock worth $491,000 after purchasing an additional 12,129 shares during the last quarter. 37.85% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Daseke (NASDAQ:DSKE)

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