Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) – Stock analysts at William Blair increased their Q3 2020 earnings per share estimates for shares of Descartes Systems Group in a report released on Friday, November 30th. William Blair analyst M. Pfau now anticipates that the technology company will earn $0.13 per share for the quarter, up from their previous forecast of $0.12. William Blair also issued estimates for Descartes Systems Group’s Q3 2021 earnings at $0.15 EPS.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, November 28th. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.02). The company had revenue of $70.00 million for the quarter, compared to the consensus estimate of $69.69 million. Descartes Systems Group had a return on equity of 5.92% and a net margin of 11.24%. Descartes Systems Group’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS.
A number of other equities analysts have also recently issued reports on DSGX. BMO Capital Markets set a $32.00 price objective on shares of Descartes Systems Group and gave the stock a “market perform” rating in a research report on Thursday. Zacks Investment Research cut shares of Descartes Systems Group from a “hold” rating to a “sell” rating in a research report on Friday. Finally, BidaskClub cut shares of Descartes Systems Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.20.
DSGX stock opened at $29.42 on Monday. The stock has a market cap of $2.26 billion, a PE ratio of 84.06 and a beta of 0.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. Descartes Systems Group has a 1 year low of $24.85 and a 1 year high of $35.87.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. lifted its position in Descartes Systems Group by 3,015.9% in the 2nd quarter. Sei Investments Co. now owns 4,518 shares of the technology company’s stock valued at $147,000 after acquiring an additional 4,373 shares in the last quarter. Keybank National Association OH purchased a new stake in Descartes Systems Group in the 2nd quarter valued at about $222,000. Campbell & CO Investment Adviser LLC purchased a new stake in Descartes Systems Group in the 3rd quarter valued at about $233,000. CLARET ASSET MANAGEMENT Corp increased its stake in Descartes Systems Group by 26.2% in the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 9,298 shares of the technology company’s stock valued at $315,000 after buying an additional 1,930 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Descartes Systems Group by 8,153.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 12,380 shares of the technology company’s stock valued at $422,000 after buying an additional 12,230 shares during the last quarter. 80.02% of the stock is currently owned by institutional investors and hedge funds.
About Descartes Systems Group
The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.
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