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

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 29th. Analysts expect the company to announce earnings of C$0.57 per share for the quarter.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$0.50 earnings per share for the quarter, beating the consensus estimate of C$0.41 by C$0.09. The Descartes Systems Group had a return on equity of 9.92% and a net margin of 20.23%. The company had revenue of C$200.32 million during the quarter, compared to analysts’ expectations of C$197.20 million.

The Descartes Systems Group Stock Up 0.7 %

DSG opened at C$136.84 on Monday. The Descartes Systems Group has a 1-year low of C$95.03 and a 1-year high of C$137.24. The company has a current ratio of 2.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of C$11.68 billion, a price-to-earnings ratio of 75.19, a P/E/G ratio of 2.70 and a beta of 0.75. The business has a 50 day moving average of C$127.85 and a 200-day moving average of C$119.29.

Insider Activity at The Descartes Systems Group

In related news, Director John Scott Pagan sold 20,597 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of C$123.16, for a total value of C$2,536,726.52. In related news, Director John Scott Pagan sold 20,597 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of C$123.16, for a total value of C$2,536,726.52. Also, Senior Officer Allan Brett sold 12,505 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of C$126.64, for a total value of C$1,583,633.20. Insiders have sold a total of 57,195 shares of company stock worth $7,095,062 over the last 90 days. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

DSG has been the subject of a number of recent research reports. Barclays upped their target price on The Descartes Systems Group from C$71.00 to C$75.00 and gave the company an “underweight” rating in a research note on Tuesday, February 20th. Royal Bank of Canada increased their price objective on The Descartes Systems Group from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, William Blair reiterated an “outperform” rating on shares of The Descartes Systems Group in a research note on Monday, April 1st.

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.