The Descartes Systems Group (NASDAQ:DSGX – Get Rating) (TSE:DSG) issued its earnings results on Wednesday. The technology company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27, Briefing.com reports. The company had revenue of $123.01 million during the quarter, compared to the consensus estimate of $118.72 million. The Descartes Systems Group had a return on equity of 9.05% and a net margin of 19.69%. The company's revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share.

The Descartes Systems Group Trading Down 2.6 %

Shares of The Descartes Systems Group stock opened at $67.46 on Friday. The business's 50 day simple moving average is $68.34 and its 200-day simple moving average is $66.57. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 63.64 and a beta of 1.03. The Descartes Systems Group has a twelve month low of $56.19 and a twelve month high of $91.39.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DSGX. Stephens reduced their price target on The Descartes Systems Group to $80.00 in a report on Friday, June 3rd. BMO Capital Markets reduced their price target on The Descartes Systems Group from $81.00 to $68.00 in a report on Thursday, June 2nd. CIBC downgraded The Descartes Systems Group from a "sector outperform" rating to a "neutral" rating and reduced their price target for the company from $89.00 to $71.00 in a report on Monday, June 27th. TD Securities upped their price objective on The Descartes Systems Group from $84.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday. Finally, StockNews.com cut The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 1st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.60.

Institutional Trading of The Descartes Systems Group

About The Descartes Systems Group

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The Descartes Systems Group Inc provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business.

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