Wall Street analysts expect The Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) to post earnings of $0.18 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for The Descartes Systems Group’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.20. The Descartes Systems Group posted earnings of $0.13 per share during the same quarter last year, which suggests a positive year over year growth rate of 38.5%. The firm is scheduled to announce its next earnings results on Wednesday, May 26th.
According to Zacks, analysts expect that The Descartes Systems Group will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.81. For the next fiscal year, analysts expect that the company will post earnings of $1.23 per share, with EPS estimates ranging from $0.85 to $1.82. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow The Descartes Systems Group.
The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results on Tuesday, March 2nd. The technology company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. The company had revenue of $93.40 million for the quarter, compared to analysts’ expectations of $89.75 million. The Descartes Systems Group had a return on equity of 5.50% and a net margin of 13.64%. The Descartes Systems Group’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Conestoga Capital Advisors LLC raised its holdings in shares of The Descartes Systems Group by 1.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,004,548 shares of the technology company’s stock valued at $175,706,000 after buying an additional 36,064 shares during the last quarter. Credit Suisse AG increased its position in The Descartes Systems Group by 10.6% in the 4th quarter. Credit Suisse AG now owns 1,515,558 shares of the technology company’s stock valued at $88,630,000 after acquiring an additional 145,380 shares during the period. Norges Bank purchased a new stake in The Descartes Systems Group during the 4th quarter valued at approximately $70,837,000. Mackenzie Financial Corp lifted its position in The Descartes Systems Group by 14.7% during the 4th quarter. Mackenzie Financial Corp now owns 1,062,962 shares of the technology company’s stock worth $61,981,000 after acquiring an additional 136,064 shares during the period. Finally, Artisan Partners Limited Partnership grew its stake in shares of The Descartes Systems Group by 20.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 922,563 shares of the technology company’s stock valued at $53,959,000 after purchasing an additional 155,800 shares during the last quarter. Institutional investors own 80.12% of the company’s stock.
Shares of DSGX traded down $0.43 during mid-day trading on Thursday, reaching $64.21. The company’s stock had a trading volume of 6,977 shares, compared to its average volume of 105,632. The Descartes Systems Group has a 12-month low of $38.57 and a 12-month high of $66.71. The stock has a market cap of $5.43 billion, a PE ratio of 121.15 and a beta of 1.19. The company’s 50 day moving average is $61.92 and its 200 day moving average is $59.29.
The Descartes Systems Group Company Profile
The Descartes Systems Group Inc provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business.
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