Equities analysts expect Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) to post earnings of $0.11 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Descartes Systems Group’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.09. Descartes Systems Group posted earnings per share of $0.09 in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.2%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, May 30th.

On average, analysts expect that Descartes Systems Group will report full year earnings of $0.48 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $0.53. For the next year, analysts expect that the company will post earnings of $0.61 per share, with EPS estimates ranging from $0.56 to $0.67. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Descartes Systems Group.

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Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Monday, March 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Descartes Systems Group had a return on equity of 5.74% and a net margin of 11.34%. The firm had revenue of $63.60 million for the quarter, compared to analysts’ expectations of $63.07 million. During the same period in the previous year, the company earned $0.08 earnings per share. The company’s revenue was up 20.5% compared to the same quarter last year.

DSGX has been the topic of several recent analyst reports. BidaskClub raised shares of Descartes Systems Group from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Morgan Stanley reissued an “equal weight” rating and set a $31.00 target price (down from $33.00) on shares of Descartes Systems Group in a research note on Tuesday, March 6th. Zacks Investment Research raised shares of Descartes Systems Group from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, ValuEngine raised shares of Descartes Systems Group from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.83.

Shares of DSGX stock traded up $0.15 during mid-day trading on Monday, hitting $29.35. 63,358 shares of the stock were exchanged, compared to its average volume of 72,648. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.07. Descartes Systems Group has a 52-week low of $22.45 and a 52-week high of $31.23. The firm has a market cap of $2,241.79, a P/E ratio of 83.86 and a beta of 0.49.

A number of institutional investors have recently modified their holdings of DSGX. Mackenzie Financial Corp lifted its stake in Descartes Systems Group by 196.2% in the 4th quarter. Mackenzie Financial Corp now owns 894,936 shares of the technology company’s stock valued at $25,416,000 after buying an additional 592,801 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Descartes Systems Group by 234.5% in the 4th quarter. CIBC Asset Management Inc now owns 605,068 shares of the technology company’s stock valued at $17,276,000 after buying an additional 424,167 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in Descartes Systems Group by 16.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,835,675 shares of the technology company’s stock valued at $80,533,000 after acquiring an additional 409,170 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings in Descartes Systems Group by 6.1% in the 4th quarter. Mawer Investment Management Ltd. now owns 4,228,983 shares of the technology company’s stock valued at $120,235,000 after acquiring an additional 243,248 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Descartes Systems Group by 1,169.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 242,516 shares of the technology company’s stock valued at $6,889,000 after acquiring an additional 223,416 shares during the last quarter. 78.26% of the stock is currently owned by hedge funds and other institutional investors.

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Descartes Systems Group Company Profile

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

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