The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) will be issuing its quarterly earnings data after the market closes on Wednesday, November 29th. Analysts expect the company to announce earnings of $0.09 per share for the quarter.
The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $55.74 million. The Descartes Systems Group had a net margin of 12.06% and a return on equity of 5.97%. On average, analysts expect The Descartes Systems Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
The Descartes Systems Group Inc. (NASDAQ:DSGX) opened at $31.05 on Monday. The company has a market capitalization of $2,382.37, a PE ratio of 91.32 and a beta of 0.54. The Descartes Systems Group Inc. has a one year low of $20.35 and a one year high of $31.23. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.18 and a current ratio of 2.18.
A number of research analysts have commented on the company. Canaccord Genuity restated a “buy” rating and set a $28.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, August 17th. Scotiabank boosted their price objective on The Descartes Systems Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, September 7th. BMO Capital Markets restated a “hold” rating and set a $26.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, August 17th. Raymond James Financial, Inc. boosted their price objective on The Descartes Systems Group from $27.50 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada boosted their price objective on The Descartes Systems Group from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $32.39.
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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.
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