Zacks: Brokerages Anticipate Descartes Systems Group Inc (NASDAQ:DSGX) to Announce $0.10 Earnings Per Share

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Analysts expect that Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) will announce earnings of $0.10 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Descartes Systems Group’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.14. Descartes Systems Group reported earnings per share of $0.11 during the same quarter last year, which indicates a negative year over year growth rate of 9.1%. The company is expected to report its next quarterly earnings results after the market closes on Wednesday, September 4th.

According to Zacks, analysts expect that Descartes Systems Group will report full-year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.29 to $0.58. For the next fiscal year, analysts anticipate that the company will post earnings of $0.58 per share, with EPS estimates ranging from $0.54 to $0.68. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Descartes Systems Group.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). Descartes Systems Group had a net margin of 11.05% and a return on equity of 5.96%. The business had revenue of $78.00 million for the quarter, compared to the consensus estimate of $78.60 million. During the same quarter last year, the firm earned $0.09 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis.

A number of equities research analysts recently issued reports on DSGX shares. Raymond James lifted their target price on Descartes Systems Group from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, May 30th. Royal Bank of Canada boosted their price target on Descartes Systems Group from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th. They noted that the move was a valuation call. Stephens assumed coverage on Descartes Systems Group in a report on Monday, July 1st. They set an “equal weight” rating and a $40.00 target price on the stock. Haywood Securities set a $44.00 target price on Descartes Systems Group and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Zacks Investment Research lowered Descartes Systems Group from a “buy” rating to a “sell” rating in a report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Descartes Systems Group presently has a consensus rating of “Hold” and an average price target of $42.86.

Shares of NASDAQ:DSGX traded up $0.60 during trading on Friday, hitting $34.28. 58,900 shares of the company’s stock traded hands, compared to its average volume of 83,549. Descartes Systems Group has a 52 week low of $25.19 and a 52 week high of $41.60. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 85.70 and a beta of 0.67. The company has a 50-day moving average price of $36.40 and a 200-day moving average price of $36.82.

Several hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. increased its holdings in shares of Descartes Systems Group by 8.3% during the 2nd quarter. Advisor Group Inc. now owns 5,766 shares of the technology company’s stock worth $213,000 after acquiring an additional 442 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Descartes Systems Group by 12.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,021 shares of the technology company’s stock valued at $219,000 after purchasing an additional 666 shares during the period. Centaurus Financial Inc. boosted its stake in Descartes Systems Group by 21.6% in the 1st quarter. Centaurus Financial Inc. now owns 4,249 shares of the technology company’s stock valued at $117,000 after purchasing an additional 754 shares during the period. DF Dent & Co. Inc. boosted its stake in Descartes Systems Group by 1.2% in the 2nd quarter. DF Dent & Co. Inc. now owns 66,893 shares of the technology company’s stock valued at $2,472,000 after purchasing an additional 785 shares during the period. Finally, CLARET ASSET MANAGEMENT Corp boosted its stake in Descartes Systems Group by 8.5% in the 1st quarter. CLARET ASSET MANAGEMENT Corp now owns 10,885 shares of the technology company’s stock valued at $396,000 after purchasing an additional 857 shares during the period. 74.18% of the stock is currently owned by institutional investors and hedge funds.

About Descartes Systems Group

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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Earnings History and Estimates for Descartes Systems Group (NASDAQ:DSGX)

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