The Descartes Systems Group (TSE:DSG) Issues Earnings Results

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) issued its quarterly earnings results on Thursday. The company reported C$0.80 EPS for the quarter, FiscalAI reports. The company had revenue of C$281.94 million during the quarter. The Descartes Systems Group had a net margin of 24.25% and a return on equity of 11.71%.

The Descartes Systems Group Trading Up 6.9%

Shares of TSE:DSG opened at C$105.32 on Friday. The Descartes Systems Group has a 12 month low of C$85.26 and a 12 month high of C$147.74. The company has a quick ratio of 1.85, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is C$105.55 and its 200 day simple moving average is C$100.63. The firm has a market cap of C$9.02 billion, a price-to-earnings ratio of 52.40, a PEG ratio of 2.39 and a beta of 0.14.

Insiders Place Their Bets

In related news, insider William Chad Murphy sold 2,772 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of C$101.05, for a total value of C$280,110.60. Insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

Separately, National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the company presently 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.