Analysts expect that Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) will post earnings per share (EPS) of $0.10 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Descartes Systems Group’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.13. Descartes Systems Group also posted earnings per share of $0.10 during the same quarter last year. The company is expected to announce its next earnings report after the market closes on Wednesday, December 4th.
On average, analysts expect that Descartes Systems Group will report full-year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.34 to $0.46. For the next financial year, analysts expect that the business will post earnings of $0.63 per share, with EPS estimates ranging from $0.52 to $0.76. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Descartes Systems Group.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, September 4th. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Descartes Systems Group had a net margin of 10.58% and a return on equity of 5.28%. The company had revenue of $80.54 million for the quarter, compared to analysts’ expectations of $80.32 million. During the same quarter last year, the business earned $0.11 EPS. The firm’s revenue was up 20.0% compared to the same quarter last year.
A number of equities research analysts have commented on the stock. BidaskClub upgraded shares of Descartes Systems Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 22nd. ValuEngine upgraded shares of Descartes Systems Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Raymond James set a $36.00 target price on shares of Descartes Systems Group and gave the stock a “market perform” rating in a research note on Thursday, September 5th. Zacks Investment Research upgraded shares of Descartes Systems Group from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Friday, October 4th. Finally, CIBC reiterated a “hold” rating and set a $45.00 price objective on shares of Descartes Systems Group in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Descartes Systems Group currently has an average rating of “Buy” and a consensus price target of $43.30.
Several institutional investors have recently added to or reduced their stakes in DSGX. Centaurus Financial Inc. raised its position in shares of Descartes Systems Group by 21.6% during the first quarter. Centaurus Financial Inc. now owns 4,249 shares of the technology company’s stock valued at $117,000 after buying an additional 754 shares during the last quarter. Scout Investments Inc. raised its position in shares of Descartes Systems Group by 64.0% during the second quarter. Scout Investments Inc. now owns 199,556 shares of the technology company’s stock valued at $7,374,000 after buying an additional 77,840 shares during the last quarter. Riverbridge Partners LLC bought a new stake in shares of Descartes Systems Group during the second quarter valued at approximately $26,018,000. Addenda Capital Inc. raised its position in shares of Descartes Systems Group by 4.4% during the second quarter. Addenda Capital Inc. now owns 451,174 shares of the technology company’s stock valued at $16,728,000 after buying an additional 18,840 shares during the last quarter. Finally, Navellier & Associates Inc bought a new stake in Descartes Systems Group in the second quarter worth $614,000. Hedge funds and other institutional investors own 82.70% of the company’s stock.
NASDAQ DSGX traded up $0.73 on Friday, reaching $41.13. 54,400 shares of the stock were exchanged, compared to its average volume of 112,545. Descartes Systems Group has a one year low of $25.19 and a one year high of $41.60. The firm has a market capitalization of $3.36 billion, a PE ratio of 102.83 and a beta of 0.68. The company’s 50-day simple moving average is $39.59 and its two-hundred day simple moving average is $38.30. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.04.
Descartes Systems Group Company Profile
The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.
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