The Descartes Systems Group (NASDAQ:DSGX) Issues Earnings Results

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG issued its earnings results on Wednesday. The technology company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43, Zacks reports. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The company had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million.

The Descartes Systems Group Price Performance

NASDAQ:DSGX traded down $1.29 on Friday, reaching $100.42. The stock had a trading volume of 879,590 shares, compared to its average volume of 272,150. The Descartes Systems Group has a 12-month low of $87.20 and a 12-month high of $124.31. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 63.16 and a beta of 0.99. The firm's fifty day moving average is $114.29 and its two-hundred day moving average is $110.18.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DSGX. Barclays reduced their price objective on shares of The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a research note on Thursday. Loop Capital assumed coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They issued a "buy" rating and a $140.00 price target on the stock. TD Securities raised their price objective on The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Stephens dropped their price target on The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $120.33.

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The Descartes Systems Group Company Profile

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.