The Descartes Systems Group Inc. (DSGX) Forecasted to Earn Q3 2018 Earnings of $0.10 Per Share

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) – Analysts at William Blair decreased their Q3 2018 earnings per share estimates for shares of The Descartes Systems Group in a report issued on Thursday. William Blair analyst M. Pfau now expects that the technology company will post earnings of $0.10 per share for the quarter, down from their prior forecast of $0.11. William Blair also issued estimates for The Descartes Systems Group’s FY2018 earnings at $0.39 EPS, Q1 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.47 EPS.

Other research analysts have also issued reports about the company. Zacks Investment Research raised The Descartes Systems Group from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Thursday, June 8th. TD Securities reaffirmed a “buy” rating and issued a $29.00 target price (up from $25.00) on shares of The Descartes Systems Group in a research report on Wednesday, May 31st. Canaccord Genuity reaffirmed a “buy” rating and issued a $26.00 target price on shares of The Descartes Systems Group in a research report on Thursday, May 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $27.00 target price (up from $25.00) on shares of The Descartes Systems Group in a research report on Thursday, June 1st. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.06.

TRADEMARK VIOLATION WARNING: This report was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://sportsperspectives.com/2017/09/12/the-descartes-systems-group-inc-dsgx-forecasted-to-earn-q3-2018-earnings-of-0-10-per-share.html.

Shares of The Descartes Systems Group (NASDAQ:DSGX) traded down 0.794% during midday trading on Monday, hitting $28.125. The stock had a trading volume of 31,746 shares. The stock has a 50-day moving average price of $26.77 and a 200-day moving average price of $24.35. The Descartes Systems Group has a 12-month low of $20.20 and a 12-month high of $29.25. The stock has a market cap of $2.14 billion, a P/E ratio of 87.891 and a beta of 0.56.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The Descartes Systems Group had a net margin of 12.06% and a return on equity of 5.97%. The firm had revenue of $57.29 million during the quarter, compared to analyst estimates of $55.74 million.

Several institutional investors have recently made changes to their positions in DSGX. Mawer Investment Management Ltd. lifted its position in shares of The Descartes Systems Group by 24.8% during the first quarter. Mawer Investment Management Ltd. now owns 3,712,275 shares of the technology company’s stock worth $150,755,000 after purchasing an additional 737,395 shares during the last quarter. Fiera Capital Corp lifted its position in shares of The Descartes Systems Group by 87.3% during the second quarter. Fiera Capital Corp now owns 1,573,855 shares of the technology company’s stock worth $38,223,000 after purchasing an additional 733,678 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of The Descartes Systems Group by 32.6% during the second quarter. Conestoga Capital Advisors LLC now owns 2,118,060 shares of the technology company’s stock worth $51,575,000 after purchasing an additional 521,220 shares during the last quarter. FMR LLC lifted its position in shares of The Descartes Systems Group by 391.7% during the first quarter. FMR LLC now owns 637,710 shares of the technology company’s stock worth $14,611,000 after purchasing an additional 508,020 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of The Descartes Systems Group by 122.7% during the first quarter. Morgan Stanley now owns 633,028 shares of the technology company’s stock worth $14,496,000 after purchasing an additional 348,754 shares during the last quarter. Institutional investors own 79.10% of the company’s stock.

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)

Receive News & Ratings for The Descartes Systems Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Descartes Systems Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply