FY2018 EPS Estimates for The Descartes Systems Group Inc. (DSGX) Reduced by William Blair

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) – Research analysts at William Blair dropped their FY2018 earnings per share (EPS) estimates for The Descartes Systems Group in a research report issued on Wednesday. William Blair analyst M. Pfau now expects that the technology company will post earnings per share of $0.37 for the year, down from their prior forecast of $0.39. William Blair also issued estimates for The Descartes Systems Group’s Q4 2018 earnings at $0.10 EPS and Q3 2019 earnings at $0.13 EPS.

Other equities analysts also recently issued research reports about the company. BidaskClub raised The Descartes Systems Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Zacks Investment Research raised The Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Canaccord Genuity reaffirmed a “buy” rating and issued a $28.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, August 17th. BMO Capital Markets reaffirmed a “hold” rating and issued a $26.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, August 17th. Finally, Royal Bank Of Canada lifted their price objective on The Descartes Systems Group from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $33.39.

The Descartes Systems Group (DSGX) traded down $0.35 during midday trading on Friday, reaching $27.40. The company had a trading volume of 284,650 shares, compared to its average volume of 60,048. The Descartes Systems Group has a 12-month low of $20.35 and a 12-month high of $31.23. The stock has a market cap of $2,100.00, a P/E ratio of 90.59 and a beta of 0.54. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.09.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, November 29th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $62.00 million for the quarter, compared to analyst estimates of $60.01 million. The Descartes Systems Group had a return on equity of 5.97% and a net margin of 12.06%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of the stock. Jarislowsky Fraser Ltd boosted its holdings in The Descartes Systems Group by 1.0% in the third quarter. Jarislowsky Fraser Ltd now owns 4,074,359 shares of the technology company’s stock valued at $110,862,000 after acquiring an additional 40,177 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in The Descartes Systems Group by 4.1% in the third quarter. Mawer Investment Management Ltd. now owns 3,985,735 shares of the technology company’s stock valued at $108,765,000 after acquiring an additional 157,769 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in The Descartes Systems Group by 14.6% in the third quarter. Conestoga Capital Advisors LLC now owns 2,426,505 shares of the technology company’s stock valued at $66,365,000 after acquiring an additional 308,445 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in The Descartes Systems Group by 1.7% in the second quarter. Great West Life Assurance Co. Can now owns 2,093,323 shares of the technology company’s stock valued at $50,758,000 after acquiring an additional 34,885 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in The Descartes Systems Group by 87.3% in the second quarter. Fiera Capital Corp now owns 1,573,855 shares of the technology company’s stock valued at $38,223,000 after acquiring an additional 733,678 shares during the last quarter. Hedge funds and other institutional investors own 77.01% of the company’s stock.

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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.

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

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