Wall Street analysts expect that Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) will announce earnings per share (EPS) of $0.13 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Descartes Systems Group’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.14. Descartes Systems Group reported earnings per share of $0.09 during the same quarter last year, which suggests a positive year-over-year growth rate of 44.4%. The business is expected to report its next quarterly earnings results on Wednesday, June 3rd.
According to Zacks, analysts expect that Descartes Systems Group will report full-year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.56 to $0.62. For the next fiscal year, analysts forecast that the company will report earnings of $0.68 per share, with EPS estimates ranging from $0.64 to $0.72. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Descartes Systems Group.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Descartes Systems Group had a return on equity of 5.15% and a net margin of 11.35%. The firm had revenue of $84.20 million for the quarter, compared to analyst estimates of $84.27 million. During the same period in the prior year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 18.6% on a year-over-year basis.
A number of brokerages have commented on DSGX. Royal Bank of Canada upped their price objective on Descartes Systems Group from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Zacks Investment Research downgraded shares of Descartes Systems Group from a “hold” rating to a “sell” rating in a research note on Monday, March 2nd. TD Securities lifted their price target on shares of Descartes Systems Group from $49.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, January 10th. ValuEngine downgraded shares of Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, BidaskClub downgraded shares of Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $44.36.
A number of hedge funds have recently modified their holdings of the stock. Bank of Montreal Can lifted its stake in Descartes Systems Group by 1.9% in the 4th quarter. Bank of Montreal Can now owns 4,003,261 shares of the technology company’s stock valued at $171,020,000 after acquiring an additional 73,106 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Descartes Systems Group by 2.1% during the 4th quarter. Janus Henderson Group PLC now owns 2,406,341 shares of the technology company’s stock worth $102,907,000 after purchasing an additional 49,354 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Descartes Systems Group by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,211,583 shares of the technology company’s stock worth $94,479,000 after purchasing an additional 25,942 shares in the last quarter. Norges Bank bought a new stake in shares of Descartes Systems Group during the 4th quarter worth approximately $67,327,000. Finally, FIL Ltd raised its stake in shares of Descartes Systems Group by 933.5% during the 4th quarter. FIL Ltd now owns 775,882 shares of the technology company’s stock worth $33,160,000 after purchasing an additional 700,811 shares in the last quarter. 79.71% of the stock is currently owned by institutional investors.
NASDAQ DSGX traded up $0.50 on Thursday, reaching $32.80. The stock had a trading volume of 22,787 shares, compared to its average volume of 225,919. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a fifty day moving average of $40.34 and a two-hundred day moving average of $41.38. Descartes Systems Group has a 1-year low of $24.35 and a 1-year high of $47.43. The company has a market cap of $2.65 billion, a P/E ratio of 76.14 and a beta of 0.78.
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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