FY2019 EPS Estimates for The Descartes Systems Group Inc. Increased by William Blair (DSGX)

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) – Stock analysts at William Blair raised their FY2019 earnings per share (EPS) estimates for The Descartes Systems Group in a research note issued on Wednesday. William Blair analyst M. Pfau now anticipates that the technology company will earn $0.48 per share for the year, up from their previous forecast of $0.47. William Blair also issued estimates for The Descartes Systems Group’s Q4 2019 earnings at $0.13 EPS and FY2020 earnings at $0.55 EPS.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, November 29th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The Descartes Systems Group had a net margin of 11.61% and a return on equity of 5.83%. The business had revenue of $62.00 million for the quarter, compared to analysts’ expectations of $60.01 million. The company’s revenue was up 20.4% on a year-over-year basis.

DSGX has been the subject of several other research reports. Zacks Investment Research lowered The Descartes Systems Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Royal Bank Of Canada raised their target price on The Descartes Systems Group from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 31st. Canaccord Genuity restated a “buy” rating and issued a $30.00 target price (up previously from $28.00) on shares of The Descartes Systems Group in a research note on Thursday, September 7th. TD Securities raised their target price on The Descartes Systems Group from $29.00 to $40.50 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Finally, Barclays raised their target price on The Descartes Systems Group from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, November 30th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.39.

Shares of The Descartes Systems Group (DSGX) traded down $0.25 on Monday, hitting $26.45. The stock had a trading volume of 178,647 shares, compared to its average volume of 60,904. The Descartes Systems Group has a 12-month low of $20.35 and a 12-month high of $31.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $2,053.69, a price-to-earnings ratio of 78.68 and a beta of 0.51.

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in The Descartes Systems Group by 19.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 80,639 shares of the technology company’s stock worth $1,959,000 after acquiring an additional 13,080 shares during the last quarter. Ameriprise Financial Inc. raised its stake in The Descartes Systems Group by 19.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 214,500 shares of the technology company’s stock worth $5,223,000 after acquiring an additional 34,725 shares during the last quarter. Bank of Nova Scotia raised its stake in The Descartes Systems Group by 3.9% in the 2nd quarter. Bank of Nova Scotia now owns 285,287 shares of the technology company’s stock worth $6,941,000 after acquiring an additional 10,803 shares during the last quarter. State of Tennessee Treasury Department raised its stake in The Descartes Systems Group by 35.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 136,328 shares of the technology company’s stock worth $3,312,000 after acquiring an additional 35,628 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in The Descartes Systems Group by 65.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 53,328 shares of the technology company’s stock worth $1,298,000 after acquiring an additional 21,139 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.

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The Descartes Systems Group Company Profile

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.

Earnings History and Estimates for The Descartes Systems Group (NASDAQ:DSGX)

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