The Descartes Systems Group (TSE:DSG) Posts Quarterly Earnings Results

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) released its quarterly earnings data on Wednesday. The company reported C$0.75 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$262.96 million during the quarter. The Descartes Systems Group had a return on equity of 10.76% and a net margin of 22.47%.

The Descartes Systems Group Trading Down 4.1%

TSE DSG opened at C$102.88 on Thursday. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.52. The firm has a market cap of C$8.84 billion, a PE ratio of 55.02, a price-to-earnings-growth ratio of 2.39 and a beta of 0.14. The company has a 50 day moving average price of C$98.12 and a 200 day moving average price of C$105.05. The Descartes Systems Group has a 52 week low of C$85.26 and a 52 week high of C$158.61.

Insider Activity at The Descartes Systems Group

In other news, Director John Scott Pagan sold 20,163 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of C$90.83, for a total transaction of C$1,831,405.29. Following the sale, the director owned 127,639 shares in the company, valued at approximately C$11,593,450.37. The trade was a 13.64% decrease in their ownership of the stock. Also, insider Edward Ryan sold 34,193 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of C$89.70, for a total value of C$3,067,112.10. Following the sale, the insider owned 44,539 shares in the company, valued at C$3,995,148.30. The trade was a 43.43% decrease in their position. Insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Rothschild & Co Redburn upgraded The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group has an average rating of “Strong Buy”.

The Descartes Systems Group Company Profile

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (‘GLN’). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence (‘AI’) to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes.