FY2018 Earnings Estimate for Descartes Systems Group Inc Issued By William Blair (DSG)
Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) – Equities research analysts at William Blair raised their FY2018 earnings per share (EPS) estimates for Descartes Systems Group in a report issued on Wednesday. William Blair analyst M. Pfau now forecasts that the company will post earnings per share of $0.48 for the year, up from their previous forecast of $0.47. William Blair also issued estimates for Descartes Systems Group’s Q1 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.62 EPS and FY2020 earnings at $0.71 EPS.
A number of other research firms also recently weighed in on DSG. Royal Bank Of Canada boosted their price target on shares of Descartes Systems Group to C$45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. TD Securities upped their target price on shares of Descartes Systems Group from C$33.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday. Scotiabank upped their target price on shares of Descartes Systems Group from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research note on Thursday. Raymond James Financial downgraded shares of Descartes Systems Group from an “outperform” rating to a “market perform” rating and set a C$31.00 target price for the company. in a research note on Thursday. Finally, Canaccord Genuity upped their target price on shares of Descartes Systems Group from C$30.00 to C$34.00 in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$35.43.
In other news, Director Michael Verhoeve sold 28,500 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$34.19, for a total value of C$974,415.00. Insiders sold 38,500 shares of company stock valued at $1,316,915 in the last quarter.
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About 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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