Descartes Systems Group (DSG) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Descartes Systems Group (TSE:DSG) posted its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01, Analyst Ratings.Net reports.
Descartes Systems Group (TSE:DSG) opened at 15.46 on Thursday. Descartes Systems Group has a 52-week low of $11.36 and a 52-week high of $17.02. The stock has a 50-day moving average of $15.16 and a 200-day moving average of $15.12. The company has a market cap of $986.8 million and a price-to-earnings ratio of 85.94.
On the ratings front, analysts at Barclays initiated coverage on shares of Descartes Systems Group in a research note on Monday, August 18th. They set an “overweight” rating and a C$18.00 price target on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$16.83.
The Descartes Systems Group Inc (TSE:DSG) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources.
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