Wall Street analysts expect Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) to post $77.66 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Descartes Systems Group’s earnings, with the highest sales estimate coming in at $83.72 million and the lowest estimate coming in at $67.10 million. Descartes Systems Group reported sales of $67.12 million in the same quarter last year, which indicates a positive year over year growth rate of 15.7%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, September 4th.
On average, analysts expect that Descartes Systems Group will report full year sales of $327.77 million for the current year, with estimates ranging from $324.00 million to $332.26 million. For the next year, analysts expect that the business will report sales of $361.47 million, with estimates ranging from $358.70 million to $367.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Descartes Systems Group.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, May 29th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.05). Descartes Systems Group had a return on equity of 5.96% and a net margin of 11.05%. The company had revenue of $78.00 million during the quarter, compared to analyst estimates of $78.60 million. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis.
Shares of DSGX traded up $0.60 during mid-day trading on Tuesday, reaching $34.28. The company had a trading volume of 58,900 shares, compared to its average volume of 83,549. Descartes Systems Group has a twelve month low of $25.19 and a twelve month high of $41.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50-day moving average is $36.40 and its 200-day moving average is $36.82. The company has a market capitalization of $2.83 billion, a P/E ratio of 85.70 and a beta of 0.67.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oak Ridge Investments LLC grew its position in Descartes Systems Group by 3.0% during the 1st quarter. Oak Ridge Investments LLC now owns 452,669 shares of the technology company’s stock worth $16,468,000 after acquiring an additional 13,036 shares during the last quarter. Addenda Capital Inc. boosted its position in Descartes Systems Group by 4.4% in the 2nd quarter. Addenda Capital Inc. now owns 451,174 shares of the technology company’s stock valued at $16,728,000 after buying an additional 18,840 shares during the last quarter. Qtron Investments LLC bought a new position in Descartes Systems Group in the 1st quarter valued at $275,000. CIBC World Markets Inc. boosted its position in Descartes Systems Group by 11.1% in the 1st quarter. CIBC World Markets Inc. now owns 43,639 shares of the technology company’s stock valued at $1,588,000 after buying an additional 4,352 shares during the last quarter. Finally, BlackRock Inc. bought a new position in Descartes Systems Group in the 4th quarter valued at $5,646,000. Institutional investors and hedge funds own 74.18% of the company’s stock.
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.
See Also: What is operating income?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Descartes Systems Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Descartes Systems Group and related companies with MarketBeat.com's FREE daily email newsletter.