Wall Street brokerages forecast that The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) will announce earnings per share (EPS) of $0.10 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for The Descartes Systems Group’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.11. The Descartes Systems Group posted earnings of $0.08 per share during the same quarter last year, which would indicate a positive year over year growth rate of 25%. The business is expected to report its next earnings results after the market closes on Wednesday, November 29th.

According to Zacks, analysts expect that The Descartes Systems Group will report full-year earnings of $0.40 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.46. For the next financial year, analysts anticipate that the firm will report earnings of $0.53 per share, with EPS estimates ranging from $0.47 to $0.58. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow The Descartes Systems Group.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The Descartes Systems Group had a return on equity of 5.97% and a net margin of 12.06%. The firm had revenue of $57.29 million during the quarter, compared to analysts’ expectations of $55.74 million.

DSGX has been the topic of a number of recent analyst reports. TD Securities increased their price target on shares of The Descartes Systems Group from $29.00 to $40.50 and gave the stock a “buy” rating in a report on Thursday, September 7th. Royal Bank Of Canada increased their price target on shares of The Descartes Systems Group from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. Canaccord Genuity reissued a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of The Descartes Systems Group in a report on Thursday, September 7th. BMO Capital Markets reissued a “hold” rating and issued a $26.00 price target on shares of The Descartes Systems Group in a report on Thursday, August 17th. Finally, Zacks Investment Research raised shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.39.

Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The Descartes Systems Group by 20.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,066 shares of the technology company’s stock worth $123,000 after purchasing an additional 860 shares during the last quarter. US Bancorp DE increased its position in shares of The Descartes Systems Group by 23.8% in the second quarter. US Bancorp DE now owns 5,975 shares of the technology company’s stock worth $145,000 after purchasing an additional 1,150 shares during the last quarter. Legal & General Group Plc increased its position in shares of The Descartes Systems Group by 6.8% in the second quarter. Legal & General Group Plc now owns 7,795 shares of the technology company’s stock worth $189,000 after purchasing an additional 495 shares during the last quarter. BB&T Corp increased its position in shares of The Descartes Systems Group by 19.5% in the second quarter. BB&T Corp now owns 13,230 shares of the technology company’s stock worth $322,000 after purchasing an additional 2,155 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in shares of The Descartes Systems Group by 4.9% in the second quarter. Suntrust Banks Inc. now owns 14,338 shares of the technology company’s stock worth $348,000 after purchasing an additional 672 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

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Shares of The Descartes Systems Group (NASDAQ:DSGX) traded up $0.20 during trading on Thursday, hitting $31.15. 41,600 shares of the stock were exchanged, compared to its average volume of 58,527. The Descartes Systems Group has a 52-week low of $20.35 and a 52-week high of $31.23. The stock has a market capitalization of $2,374.70, a P/E ratio of 91.03 and a beta of 0.54. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.18 and a current ratio of 2.18.

About The Descartes Systems Group

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.

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

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