The Descartes Systems Group (NASDAQ:DSGX) Releases Earnings Results, Misses Expectations By $0.03 EPS

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) issued its earnings results on Wednesday. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03), Briefing.com reports. The firm had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. The Descartes Systems Group had a net margin of 20.62% and a return on equity of 9.96%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share.

The Descartes Systems Group Stock Down 3.5 %

NASDAQ DSGX opened at $95.33 on Friday. The firm has a 50-day moving average price of $99.09 and a two-hundred day moving average price of $94.97. The Descartes Systems Group has a 12-month low of $69.59 and a 12-month high of $104.71. The company has a market capitalization of $8.14 billion, a P/E ratio of 68.09 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DSGX. BMO Capital Markets lifted their target price on The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a research note on Thursday. Redburn Atlantic started coverage on shares of The Descartes Systems Group in a research report on Tuesday, May 14th. They set a “neutral” rating and a $90.00 price objective for the company. Raymond James increased their price objective on shares of The Descartes Systems Group from $94.00 to $96.00 and gave the company a “market perform” rating in a research report on Friday, May 31st. Stephens lifted their target price on shares of The Descartes Systems Group from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Finally, TD Securities increased their price target on shares of The Descartes Systems Group from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

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.