Descartes Systems Group (DSGX) Announces Quarterly Results
Descartes Systems Group (NASDAQ:DSGX) posted its quarterly earnings results on Thursday. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.01, American Banking News.com reports. The company had revenue of $42.70 million for the quarter, compared to the consensus estimate of $42.56 million.
Several analysts have recently commented on the stock. 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 $16.00 price target on the stock. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Descartes Systems Group in a research note on Thursday, July 3rd. They now have a $15.00 price target on the stock, down previously from $15.50. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Descartes Systems Group presently has a consensus rating of “Buy” and an average target price of $15.11.
Descartes Systems Group (NASDAQ:DSGX) opened at 14.16 on Thursday. Descartes Systems Group has a 1-year low of $10.85 and a 1-year high of $15.71. The stock’s 50-day moving average is $13.92 and its 200-day moving average is $13.8. The company has a market cap of $903.8 million and a price-to-earnings ratio of 85.06.
The Descartes Systems Group Inc (NASDAQ:DSGX) 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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