Wall Street analysts expect Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) to report $77.66 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Descartes Systems Group’s earnings, with estimates ranging from $67.10 million to $83.72 million. Descartes Systems Group posted sales of $67.12 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.7%. The firm is scheduled to report its next quarterly earnings results on Wednesday, September 4th.
On average, analysts expect that Descartes Systems Group will report full-year sales of $327.77 million for the current fiscal year, with estimates ranging from $324.00 million to $332.26 million. For the next year, analysts expect that the company will report sales of $361.47 million, with estimates ranging from $358.70 million to $367.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Descartes Systems Group.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.05). Descartes Systems Group had a net margin of 11.05% and a return on equity of 5.96%. The company had revenue of $78.00 million for the quarter, compared to analyst estimates of $78.60 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. Descartes Systems Group’s revenue was up 16.4% on a year-over-year basis.
A number of brokerages have recently issued reports on DSGX. Raymond James restated an “outperform” rating and issued a $36.00 target price on shares of Zymeworks in a research note on Thursday, May 30th. Stephens set a $112.00 target price on shares of Genesee & Wyoming and gave the stock a “hold” rating in a research report on Monday, July 1st. TD Securities decreased their target price on shares of Major Drilling Group Int’l from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Tuesday, June 11th. CIBC restated a “hold” rating and issued a $12.00 target price on shares of Resolute Forest Products in a research report on Thursday, April 11th. Finally, BMO Capital Markets upgraded shares of Tourmaline Oil from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Descartes Systems Group currently has an average rating of “Hold” and a consensus price target of $42.86.
Institutional investors have recently bought and sold shares of the company. Advisor Group Inc. lifted its position in Descartes Systems Group by 12.1% in the 4th quarter. Advisor Group Inc. now owns 4,990 shares of the technology company’s stock worth $132,000 after buying an additional 537 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Descartes Systems Group by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 153,675 shares of the technology company’s stock valued at $4,066,000 after buying an additional 578 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Descartes Systems Group by 12.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,021 shares of the technology company’s stock valued at $219,000 after buying an additional 666 shares during the last quarter. Centaurus Financial Inc. boosted its position in shares of Descartes Systems Group by 21.6% during the first quarter. Centaurus Financial Inc. now owns 4,249 shares of the technology company’s stock valued at $117,000 after buying an additional 754 shares during the last quarter. Finally, CLARET ASSET MANAGEMENT Corp boosted its position in shares of Descartes Systems Group by 8.5% during the first quarter. CLARET ASSET MANAGEMENT Corp now owns 10,885 shares of the technology company’s stock valued at $396,000 after buying an additional 857 shares during the last quarter. Institutional investors and hedge funds own 74.65% of the company’s stock.
DSGX stock traded up $0.41 during trading on Friday, reaching $38.14. The stock had a trading volume of 141,308 shares, compared to its average volume of 131,381. The firm has a market capitalization of $3.17 billion, a P/E ratio of 95.35 and a beta of 0.69. The company has a fifty day moving average of $37.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.94. Descartes Systems Group has a 1-year low of $25.19 and a 1-year high of $41.60.
Descartes Systems Group Company Profile
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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