The Descartes Systems Group (DSG) to Release Quarterly Earnings on Tuesday

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) will be issuing its quarterly earnings data after the market closes on Tuesday, December 3rd. Analysts expect the company to announce earnings of C$0.59 per share for the quarter.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings data on Wednesday, September 4th. The company reported C$0.55 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.04). The Descartes Systems Group had a return on equity of 10.28% and a net margin of 21.03%. The business had revenue of C$223.45 million during the quarter, compared to analysts’ expectations of C$217.69 million.

The Descartes Systems Group Price Performance

DSG stock opened at C$163.51 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.85 and a current ratio of 1.79. The firm has a 50 day moving average price of C$146.62 and a 200-day moving average price of C$137.93. The Descartes Systems Group has a 52-week low of C$105.80 and a 52-week high of C$164.92. The firm has a market capitalization of C$13.98 billion, a price-to-earnings ratio of 82.57, a PEG ratio of 2.39 and a beta of 0.74.

Insider Activity at The Descartes Systems Group

In other news, Senior Officer Kenneth Edward Wood sold 10,079 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$131.82, for a total value of C$1,328,613.78. Also, Senior Officer Andrew Roszko sold 22,900 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$140.45, for a total value of C$3,216,305.00. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DSG. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Barclays raised The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, The Descartes Systems Group presently has an average rating of “Moderate Buy” and a consensus target price of C$89.67.

About The Descartes Systems Group

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.