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

The Descartes Systems Group (TSE:DSG – Get Rating) (NASDAQ:DSGX) will issue its quarterly earnings data after the market closes on Wednesday, May 31st. Analysts expect the company to announce earnings of C$0.45 per share for the quarter.

The Descartes Systems Group (TSE:DSG – Get Rating) (NASDAQ:DSGX) last posted its quarterly earnings results on Wednesday, March 1st. The company reported C$0.46 earnings per share for the quarter, topping the consensus estimate of C$0.42 by C$0.04. The firm had revenue of C$169.85 million during the quarter, compared to analysts’ expectations of C$167.00 million. The Descartes Systems Group had a return on equity of 9.74% and a net margin of 21.04%.

The Descartes Systems Group Stock Down 1.9 %

The Descartes Systems Group stock opened at C$103.39 on Wednesday. The stock has a market cap of C$8.80 billion, a PE ratio of 64.62, a price-to-earnings-growth ratio of 2.92 and a beta of 0.87. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.85 and a current ratio of 2.12. The Descartes Systems Group has a one year low of C$74.73 and a one year high of C$109.92. The stock has a fifty day moving average of C$106.44 and a 200 day moving average of C$100.03.

Analysts Set New Price Targets

Separately, Royal Bank of Canada boosted their price target on The Descartes Systems Group from C$85.00 to C$95.00 and gave the company an “outperform” rating in a report on Thursday, March 2nd.

Insider Buying and Selling at The Descartes Systems Group

In other news, Senior Officer Edward James Gardner sold 5,000 shares of The Descartes Systems Group stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of C$105.21, for a total value of C$526,050.00. In other The Descartes Systems Group news, Senior Officer Allan Brett sold 12,205 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of C$105.16, for a total transaction of C$1,283,514.42. Also, Senior Officer Edward James Gardner sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of C$105.21, for a total value of C$526,050.00. Insiders sold a total of 52,033 shares of company stock valued at $5,486,148 in the last ninety days. Corporate insiders own 0.02% of the company’s stock.

About The Descartes Systems Group

(Get Rating)

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business.