The Descartes Systems Group (DSGX) to Release Earnings on Wednesday

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) is projected to release its earnings data after the market closes on Wednesday, March 5th. Analysts expect The Descartes Systems Group to post earnings of $0.43 per share and revenue of $169.97 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same quarter last year, the company posted $0.31 EPS. On average, analysts expect The Descartes Systems Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The Descartes Systems Group Stock Performance

Shares of DSGX opened at $111.13 on Wednesday. The Descartes Systems Group has a fifty-two week low of $84.83 and a fifty-two week high of $124.31. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 69.89 and a beta of 0.99. The firm has a 50-day simple moving average of $115.35 and a 200-day simple moving average of $109.72.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DSGX. Loop Capital began coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They set a “buy” rating and a $140.00 target price for the company. TD Securities increased their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st. Scotiabank increased their price target on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a report on Wednesday, December 4th. Finally, StockNews.com cut shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.92.

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.