Brokers Set Expectations for The Descartes Systems Group Inc.’s FY2019 Earnings (DSGX)

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) – Equities researchers at William Blair raised their FY2019 earnings per share estimates for The Descartes Systems Group in a note issued to investors on Wednesday. William Blair analyst M. Pfau now expects 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.

DSGX has been the subject of several other reports. Zacks Investment Research raised shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Canaccord Genuity reissued a “buy” rating and issued a $28.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, August 17th. BMO Capital Markets reaffirmed a “hold” rating and issued a $26.00 price target on shares of The Descartes Systems Group in a research report on Thursday, August 17th. Royal Bank Of Canada upped their price target on shares of The Descartes Systems Group from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. Finally, Raymond James Financial upped their price target on shares of The Descartes Systems Group from $27.50 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.39.

The Descartes Systems Group (DSGX) traded down $0.25 during mid-day trading on Monday, hitting $26.45. 178,647 shares of the company were exchanged, compared to its average volume of 60,904. The Descartes Systems Group has a 52-week low of $20.35 and a 52-week 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 PE ratio of 78.68 and a beta of 0.51.

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

Several institutional investors and hedge funds have recently made changes to their positions in DSGX. Vanguard Group Inc. lifted its position in shares of The Descartes Systems Group by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,477,900 shares of the technology company’s stock worth $33,844,000 after purchasing an additional 83,719 shares during the period. Geode Capital Management LLC lifted its position in shares of The Descartes Systems Group by 7.6% in the 1st quarter. Geode Capital Management LLC now owns 42,024 shares of the technology company’s stock worth $962,000 after purchasing an additional 2,968 shares during the period. Credit Suisse AG lifted its position in shares of The Descartes Systems Group by 21.2% in the 1st quarter. Credit Suisse AG now owns 52,156 shares of the technology company’s stock worth $1,194,000 after purchasing an additional 9,129 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of The Descartes Systems Group in the 1st quarter worth approximately $737,000. Finally, US Bancorp DE lifted its position in shares of The Descartes Systems Group by 23.8% in the 2nd quarter. US Bancorp DE now owns 5,975 shares of the technology company’s stock worth $145,000 after purchasing an additional 1,150 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.

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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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