$304.97 Million in Sales Expected for Daseke Inc (DSKE) This Quarter

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.

How to Become a New Pot Stock Millionaire

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.

Shares of DSKE stock traded down $0.25 during midday trading on Wednesday, hitting $9.97. The stock had a trading volume of 422,584 shares, compared to its average volume of 501,454. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.47 and a quick ratio of 2.89. Daseke has a one year low of $8.76 and a one year high of $14.52. The company has a market cap of $584.27, a P/E ratio of 83.08 and a beta of 0.69.

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.

COPYRIGHT VIOLATION NOTICE: “$304.97 Million in Sales Expected for Daseke Inc (DSKE) This Quarter” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.tickerreport.com/banking-finance/3297583/304-97-million-in-sales-expected-for-daseke-inc-dske-this-quarter.html.

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.

Get a free copy of the Zacks research report on Daseke (DSKE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Daseke (NASDAQ:DSKE)

Receive News & Ratings for Daseke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daseke and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Dogecoin  Price Reaches $0.0051
Dogecoin Price Reaches $0.0051
NuBits  Trading 5% Lower  Over Last 7 Days
NuBits Trading 5% Lower Over Last 7 Days
Stratis Market Capitalization Achieves $569.21 Million
Stratis Market Capitalization Achieves $569.21 Million
Foundation Medicine  Receives Consensus Recommendation of “Hold” from Analysts
Foundation Medicine Receives Consensus Recommendation of “Hold” from Analysts
US Foods Holding Corp.  Expected to Post Earnings of $0.31 Per Share
US Foods Holding Corp. Expected to Post Earnings of $0.31 Per Share
Alexion Pharmaceuticals  Given Average Rating of “Buy” by Analysts
Alexion Pharmaceuticals Given Average Rating of “Buy” by Analysts


© 2006-2018 Ticker Report. Google+.