Wall Street brokerages expect Descartes Systems Group Inc (USA) (NASDAQ:DSGX) (TSE:DSG) to report $0.10 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Descartes Systems Group Inc (USA)’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.08. Descartes Systems Group Inc (USA) posted earnings of $0.08 per share in the same quarter last year, which suggests a positive year over year growth rate of 25%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, November 29th.

On average, analysts expect that Descartes Systems Group Inc (USA) will report full year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.36 to $0.40. For the next financial year, analysts forecast that the business will post earnings of $0.53 per share, with EPS estimates ranging from $0.47 to $0.58. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Descartes Systems Group Inc (USA).

Descartes Systems Group Inc (USA) (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, September 6th. The technology company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $57.29 million for the quarter, compared to analyst estimates of $55.74 million. Descartes Systems Group Inc (USA) had a return on equity of 5.97% and a net margin of 12.06%.

A number of brokerages recently weighed in on DSGX. Canaccord Genuity reissued a “buy” rating and set a $28.00 target price on shares of Descartes Systems Group Inc (USA) in a research note on Thursday, August 17th. Scotiabank boosted their target price on shares of Descartes Systems Group Inc (USA) from $28.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, September 7th. BMO Capital Markets boosted their target price on shares of Descartes Systems Group Inc (USA) from $26.00 to $29.00 and gave the company a “market perform” rating in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Descartes Systems Group Inc (USA) from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Raymond James Financial, Inc. boosted their target price on shares of Descartes Systems Group Inc (USA) from $27.50 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Descartes Systems Group Inc (USA) presently has a consensus rating of “Buy” and an average target price of $32.06.

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Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Descartes Systems Group Inc (USA) by 20.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,066 shares of the technology company’s stock valued at $123,000 after buying an additional 860 shares during the period. US Bancorp DE increased its stake in Descartes Systems Group Inc (USA) by 23.8% in the 2nd quarter. US Bancorp DE now owns 5,975 shares of the technology company’s stock valued at $145,000 after buying an additional 1,150 shares during the period. Legal & General Group Plc increased its stake in Descartes Systems Group Inc (USA) by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 7,795 shares of the technology company’s stock valued at $189,000 after buying an additional 495 shares during the period. BB&T Corp increased its stake in Descartes Systems Group Inc (USA) by 19.5% in the 2nd quarter. BB&T Corp now owns 13,230 shares of the technology company’s stock valued at $322,000 after buying an additional 2,155 shares during the period. Finally, Suntrust Banks Inc. increased its stake in Descartes Systems Group Inc (USA) by 4.9% in the 2nd quarter. Suntrust Banks Inc. now owns 14,338 shares of the technology company’s stock valued at $348,000 after buying an additional 672 shares during the period. Institutional investors and hedge funds own 77.87% of the company’s stock.

Descartes Systems Group Inc (DSGX) opened at $29.15 on Friday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 84.71 and a beta of 0.54. Descartes Systems Group Inc has a 52-week low of $20.20 and a 52-week high of $29.55.

About Descartes Systems Group Inc (USA)

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 Inc (USA) (NASDAQ:DSGX)

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