The Descartes Systems Group (NASDAQ:DSGX) Issues Quarterly Earnings Results

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) posted its earnings results on Wednesday. The technology company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43, Zacks reports. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%.

The Descartes Systems Group Price Performance

Shares of NASDAQ DSGX traded up $2.04 during mid-day trading on Wednesday, hitting $110.92. 316,501 shares of the stock traded hands, compared to its average volume of 231,968. The Descartes Systems Group has a twelve month low of $85.15 and a twelve month high of $124.31. The company has a market cap of $9.50 billion, a PE ratio of 69.76 and a beta of 0.99. The firm has a 50 day simple moving average of $114.93 and a two-hundred day simple moving average of $110.17.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DSGX. Loop Capital initiated coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price target on the stock. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Scotiabank upped their target price on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a report on Wednesday, December 4th. Royal Bank of Canada upped their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 29th. Finally, BMO Capital Markets upped their target price on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.92.

The Descartes Systems Group Company Profile

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.