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 Zacks’ consensus estimate of $0.10 by ($0.01), Briefing.com reports. Descartes Systems Group had a return on equity of 5.74% and a net margin of 11.34%. The business had revenue of $63.60 million during the quarter, compared to analyst estimates of $63.07 million. During the same quarter in the prior year, the company earned $0.08 EPS. The company’s revenue was up 20.5% on a year-over-year basis.
NASDAQ:DSGX traded up $0.75 on Thursday, hitting $28.55. The stock had a trading volume of 84,398 shares, compared to its average volume of 71,938. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.11. The firm has a market cap of $2,141.98, a price-to-earnings ratio of 81.72 and a beta of 0.56. Descartes Systems Group has a 1 year low of $22.35 and a 1 year high of $31.23.
DSGX has been the topic of a number of analyst reports. BidaskClub lowered shares of Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Raymond James Financial lowered shares of Descartes Systems Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 30th. Zacks Investment Research lowered shares of Descartes Systems Group from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. Barclays increased their price objective on shares of Descartes Systems Group from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 30th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $31.00 price objective (down previously from $33.00) on shares of Descartes Systems Group in a research note on Tuesday, March 6th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $33.83.
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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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