William Blair Equities Analysts Boost Earnings Estimates for The Descartes Systems Group Inc. (DSGX)

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) – Equities research analysts at William Blair lifted their FY2019 earnings per share estimates for shares of The Descartes Systems Group in a research report issued on Wednesday. William Blair analyst M. Pfau now anticipates that the technology company will post earnings per share of $0.48 for the year, up from their prior forecast of $0.47. William Blair also issued estimates for The Descartes Systems Group’s Q4 2019 earnings at $0.13 EPS and FY2020 earnings at $0.55 EPS.

A number of other brokerages have also recently commented on DSGX. Zacks Investment Research raised The Descartes Systems Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. Royal Bank Of Canada boosted their target price on The Descartes Systems Group from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. BMO Capital Markets reissued a “hold” rating and issued a $31.00 target price on shares of The Descartes Systems Group in a research note on Wednesday, November 29th. Raymond James Financial cut The Descartes Systems Group from an “outperform” rating to a “market perform” rating in a research note on Thursday. Finally, Barclays boosted their target price on The Descartes Systems Group from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The Descartes Systems Group currently has a consensus rating of “Buy” and an average target price of $33.39.

Shares of The Descartes Systems Group (NASDAQ DSGX) traded down $0.35 during trading on Monday, hitting $27.40. The company had a trading volume of 284,600 shares, compared to its average volume of 60,048. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.11. The Descartes Systems Group has a twelve month low of $20.35 and a twelve month high of $31.23. The firm has a market capitalization of $2,103.59, a PE ratio of 80.59 and a beta of 0.51.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, November 29th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The Descartes Systems Group had a return on equity of 5.83% and a net margin of 11.61%. The company had revenue of $62.00 million for the quarter, compared to analyst estimates of $60.01 million. The firm’s revenue was up 20.4% compared to the same quarter last year.

A number of large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of The Descartes Systems Group by 20.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,066 shares of the technology company’s stock worth $123,000 after buying an additional 860 shares during the period. US Bancorp DE boosted its position in shares of The Descartes Systems Group by 23.8% during the second quarter. US Bancorp DE now owns 5,975 shares of the technology company’s stock worth $145,000 after buying an additional 1,150 shares during the period. Legal & General Group Plc boosted its position in shares of The Descartes Systems Group by 6.8% during the second quarter. Legal & General Group Plc now owns 7,795 shares of the technology company’s stock worth $189,000 after buying an additional 495 shares during the period. Suntrust Banks Inc. boosted its position in shares of The Descartes Systems Group by 4.9% during the second quarter. Suntrust Banks Inc. now owns 14,338 shares of the technology company’s stock worth $348,000 after buying an additional 672 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of The Descartes Systems Group by 13.6% during the third quarter. Envestnet Asset Management Inc. now owns 15,285 shares of the technology company’s stock worth $418,000 after buying an additional 1,829 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

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The Descartes Systems Group Company Profile

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.

Earnings History and Estimates for The Descartes Systems Group (NASDAQ:DSGX)

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