William Blair Weighs in on Descartes Systems Group Inc’s FY2018 Earnings (DSG)

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) – Equities researchers at William Blair boosted their FY2018 earnings per share estimates for Descartes Systems Group in a research note issued on Wednesday, according to Zacks Investment Research. William Blair analyst M. Pfau now forecasts that the company will post earnings of $0.48 per share for the year, up from their prior forecast of $0.47. William Blair also issued estimates for Descartes Systems Group’s Q1 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.62 EPS and FY2020 earnings at $0.71 EPS.

Several other brokerages have also recently issued reports on DSG. Royal Bank of Canada lifted their target price on shares of Descartes Systems Group to C$40.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. Raymond James Financial cut shares of Descartes Systems Group from an “outperform” rating to a “market perform” rating and set a C$31.00 target price for the company. in a report on Thursday, November 30th. Canaccord Genuity lifted their target price on shares of Descartes Systems Group from C$30.00 to C$34.00 in a report on Thursday, November 30th. Barclays lifted their target price on shares of Descartes Systems Group from C$39.00 to C$42.00 in a report on Friday, December 1st. Finally, Scotiabank boosted their price objective on shares of Descartes Systems Group from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Descartes Systems Group has a consensus rating of “Buy” and an average target price of C$35.43.

Shares of Descartes Systems Group (TSE:DSG) traded down C$0.44 during trading on Monday, reaching C$35.83. 138,841 shares of the company’s stock traded hands, compared to its average volume of 118,624. Descartes Systems Group has a twelve month low of C$27.40 and a twelve month high of C$39.91.

In other news, Director Michael Verhoeve sold 28,500 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$34.19, for a total transaction of C$974,415.00.

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About Descartes Systems Group

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.

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Earnings History and Estimates for Descartes Systems Group (TSE:DSG)

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