DSV (OTCMKTS:DSDVY) Shares Gap Down on Disappointing Earnings

DSV (OTCMKTS:DSDVY)’s stock price gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $127.81, but opened at $110.81. DSV shares last traded at $110.4950, with a volume of 2,291 shares traded.

The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.15. The business had revenue of $11.03 billion for the quarter, compared to analysts’ expectations of $10.89 billion. DSV had a return on equity of 9.38% and a net margin of 2.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DSDVY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of DSV in a research report on Thursday, July 16th. Morgan Stanley restated an “overweight” rating on shares of DSV in a research note on Thursday. Citigroup reaffirmed a “buy” rating on shares of DSV in a report on Thursday, July 9th. Finally, Zacks Research downgraded shares of DSV from a “hold” rating to a “strong sell” rating in a research note on Friday, June 19th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

DSV Stock Down 2.3%

The firm has a 50-day moving average price of $122.08 and a two-hundred day moving average price of $127.23. The firm has a market cap of $51.62 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 0.82 and a beta of 1.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 0.97.

About DSV

DSV A/S (OTCMKTS:DSDVY) is a Danish global transport and logistics company that provides end-to-end supply chain solutions to businesses across a wide range of industries. The firm’s core services include road transport, air freight, ocean freight, freight forwarding, contract logistics and warehousing, together with customs clearance, distribution and value‑added services designed to support complex international supply chains.

Founded in the mid-1970s in Denmark, DSV has grown through a mix of organic expansion and strategic acquisitions, notably strengthening its global freight and forwarding capabilities through transactions such as the acquisitions of UTi Worldwide and Panalpina.