The Descartes Systems Group (DSGX) to Release Earnings on Wednesday

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) is projected to issue its quarterly earnings data after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $169.97 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, analysts expect The Descartes Systems Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The Descartes Systems Group Price Performance

Shares of DSGX opened at $111.13 on Wednesday. The firm has a 50 day simple moving average of $115.35 and a 200-day simple moving average of $109.72. The Descartes Systems Group has a 1-year low of $84.83 and a 1-year high of $124.31. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 69.89 and a beta of 0.99.

Analysts Set New Price Targets

DSGX has been the subject of a number of recent research reports. Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday, February 1st. Scotiabank raised their target price on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their target price on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 29th. Finally, BMO Capital Markets raised their target price on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Five 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 stock. According to data from MarketBeat.com, The Descartes Systems Group currently has an average rating of “Moderate Buy” and a consensus target price of $117.92.

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.