DSV (OTCMKTS:DSDVY) Issues Earnings Results

DSV (OTCMKTS:DSDVY) issued its quarterly earnings data on Wednesday. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.08, Zacks reports. The business had revenue of $12.42 billion for the quarter, compared to analysts’ expectations of $11.57 billion. DSV had a return on equity of 9.38% and a net margin of 2.41%.

DSV Trading Up 15.3%

Shares of OTCMKTS DSDVY opened at $103.71 on Thursday. The business’s 50 day moving average is $97.52 and its two-hundred day moving average is $112.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.97 and a quick ratio of 0.94. DSV has a 1-year low of $84.51 and a 1-year high of $151.98. The stock has a market capitalization of $49.87 billion, a P/E ratio of 22.77, a PEG ratio of 0.75 and a beta of 1.21.

Wall Street Analysts Forecast Growth

DSDVY has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating on shares of DSV in a report on Thursday, July 23rd. Zacks Research upgraded shares of DSV from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Royal Bank Of Canada started coverage on shares of DSV in a research note on Thursday, October 15th. They set a “hold” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of DSV in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of DSV in a research report on Thursday, July 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, DSV has an average rating of “Moderate Buy”.

About DSV

DSV A/S is a Denmark-based global transport and logistics company. It provides freight forwarding and supply chain services across road, air and sea transportation, as well as contract logistics, warehousing, customs clearance and specialized project transportation.

The company serves businesses across a wide range of industries, including automotive, healthcare, technology, retail and manufacturing. Its international network supports the movement, storage and management of goods in markets throughout Europe, North and South America, Asia-Pacific, the Middle East and Africa.

DSV traces its history to 1976, when it was established in Denmark as a group of road-haulage companies.