Equities analysts expect Daseke Inc (NASDAQ:DSKE) to report $304.97 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Daseke’s earnings. The lowest sales estimate is $294.80 million and the highest is $323.12 million. Daseke reported sales of $160.43 million during the same quarter last year, which would suggest a positive year over year growth rate of 90.1%. The company is expected to report its next earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that Daseke will report full-year sales of $304.97 million for the current year, with estimates ranging from $1.27 billion to $1.36 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.46 billion per share, with estimates ranging from $1.43 billion to $1.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Daseke.
Several brokerages have recently commented on DSKE. Seaport Global Securities began coverage on Daseke in a research note on Tuesday, March 6th. They set a “buy” rating for the company. Cowen reiterated a “buy” rating on shares of Daseke in a research note on Monday, February 26th. Buckingham Research began coverage on Daseke in a research note on Friday, February 23rd. They set a “buy” rating and a $14.00 target price for the company. BidaskClub downgraded Daseke from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Finally, Northland Securities reiterated a “buy” rating and set a $17.50 target price on shares of Daseke in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $14.70.
In related news, Director Kevin M. Charlton sold 80,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 37.22% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new stake in Daseke in the 4th quarter valued at $169,000. Goldman Sachs Group Inc. bought a new stake in Daseke in the 4th quarter valued at $223,000. Granite Springs Asset Management LLC bought a new stake in Daseke in the 4th quarter valued at $236,000. Two Sigma Advisers LP bought a new stake in Daseke in the 4th quarter valued at $316,000. Finally, California State Teachers Retirement System boosted its stake in Daseke by 16.9% in the 4th quarter. California State Teachers Retirement System now owns 38,008 shares of the company’s stock valued at $543,000 after purchasing an additional 5,483 shares during the period. Institutional investors and hedge funds own 31.72% of the company’s stock.
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Daseke Company Profile
Daseke, Inc is a consolidator of the flatbed and specialized transportation in North America that comprises 16 operating companies. It provides open deck transportation and logistics. The Company operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.
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