Equities research analysts predict that The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) will post sales of $57.58 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for The Descartes Systems Group’s earnings, with the highest sales estimate coming in at $59.35 million and the lowest estimate coming in at $56.69 million. The Descartes Systems Group posted sales of $51.54 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.7%. The firm is expected to report its next quarterly earnings report on Wednesday, November 29th.

On average, analysts expect that The Descartes Systems Group will report full year sales of $57.58 million for the current fiscal year, with estimates ranging from $224.16 million to $232.81 million. For the next year, analysts forecast that the firm will post sales of $253.49 million per share, with estimates ranging from $247.30 million to $266.33 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for The Descartes Systems Group.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, September 6th. The technology company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The company had revenue of $57.29 million for the quarter, compared to analyst estimates of $55.74 million. The Descartes Systems Group had a net margin of 12.06% and a return on equity of 6.06%.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday. Canaccord Genuity restated a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of The Descartes Systems Group in a research note on Thursday. BMO Capital Markets upped their target price on The Descartes Systems Group from $26.00 to $29.00 and gave the stock a “market perform” rating in a research note on Thursday. Raymond James Financial, Inc. increased their price objective on The Descartes Systems Group from $27.50 to $38.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, TD Securities increased their price objective on The Descartes Systems Group from $29.00 to $40.50 and gave the company a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.06.

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The Descartes Systems Group (NASDAQ DSGX) opened at 28.30 on Friday. The firm has a market cap of $2.15 billion, a PE ratio of 88.44 and a beta of 0.56. The firm’s 50-day moving average is $26.71 and its 200 day moving average is $24.30. The Descartes Systems Group has a 1-year low of $20.20 and a 1-year high of $29.25.

Institutional investors have recently made changes to their positions in the company. US Bancorp DE increased its position in shares of The Descartes Systems Group by 89.6% during the 1st quarter. US Bancorp DE now owns 4,825 shares of the technology company’s stock valued at $110,000 after purchasing an additional 2,280 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in The Descartes Systems Group by 20.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,066 shares of the technology company’s stock valued at $123,000 after acquiring an additional 860 shares during the period. Legal & General Group Plc boosted its holdings in The Descartes Systems Group by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 7,795 shares of the technology company’s stock valued at $189,000 after acquiring an additional 495 shares during the period. Envestnet Asset Management Inc. boosted its holdings in The Descartes Systems Group by 34.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,015 shares of the technology company’s stock valued at $229,000 after acquiring an additional 2,573 shares during the period. Finally, Shell Asset Management Co. boosted its holdings in The Descartes Systems Group by 0.4% during the 1st quarter. Shell Asset Management Co. now owns 7,912 shares of the technology company’s stock valued at $241,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 79.10% of the company’s stock.

About The 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 The Descartes Systems Group (NASDAQ:DSGX)

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