The Descartes Systems Group (TSE:DSG) Posts Quarterly Earnings Results

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) issued its earnings results on Thursday. The company reported C$0.80 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$281.94 million for the quarter. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.26%.

The Descartes Systems Group Stock Performance

Shares of DSG traded down C$2.89 during mid-day trading on Thursday, hitting C$98.55. 565,941 shares of the company’s stock were exchanged, compared to its average volume of 378,337. The stock’s 50-day simple moving average is C$105.60 and its 200-day simple moving average is C$100.55. The firm has a market cap of C$8.44 billion, a price-to-earnings ratio of 49.03, a price-to-earnings-growth ratio of 2.39 and a beta of 0.14. The company has a quick ratio of 1.85, a current ratio of 2.05 and a debt-to-equity ratio of 0.50. The Descartes Systems Group has a 52 week low of C$85.26 and a 52 week high of C$147.98.

Insiders Place Their Bets

In related news, insider William Chad Murphy sold 2,772 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of C$101.05, for a total transaction of C$280,110.60. 0.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a research report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

The Descartes Systems Group Company Profile

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (‘GLN’). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence (‘AI’) to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes.