Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) posted its earnings results on Monday, March 5th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01), Briefing.com reports. Descartes Systems Group had a net margin of 11.34% and a return on equity of 5.74%. The firm had revenue of $63.60 million during the quarter, compared to analyst estimates of $63.07 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year.
Shares of Descartes Systems Group (NASDAQ DSGX) opened at $28.85 on Wednesday. Descartes Systems Group has a 52 week low of $22.15 and a 52 week high of $31.23. The firm has a market cap of $2,226.43, a price-to-earnings ratio of 82.43 and a beta of 0.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.11.
Several equities analysts have recently commented on DSGX shares. BidaskClub upgraded shares of Descartes Systems Group from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $31.00 target price (down from $33.00) on shares of Descartes Systems Group in a research note on Tuesday, March 6th. Zacks Investment Research raised shares of Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. BMO Capital Markets reissued a “hold” rating and issued a $31.00 price objective on shares of Descartes Systems Group in a research report on Wednesday, November 29th. Finally, Raymond James Financial downgraded shares of Descartes Systems Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 30th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $33.83.
ILLEGAL ACTIVITY WARNING: “Descartes Systems Group (NASDAQ:DSGX) Issues Quarterly Earnings Results” was originally posted by BBNS and is the sole property of of BBNS. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://baseballnewssource.com/2018/03/14/descartes-systems-group-dsgx-issues-quarterly-earnings-results/1970955.html.
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.
Receive News & Ratings for Descartes Systems Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Descartes Systems Group and related companies with MarketBeat.com's FREE daily email newsletter.