The Descartes Systems Group (TSE:DSG) Releases Quarterly Earnings Results

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) announced its quarterly earnings results on Thursday. The company reported C$0.80 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$281.94 million during the quarter. The Descartes Systems Group had a return on equity of 11.26% and a net margin of 23.35%.

The Descartes Systems Group Stock Down 2.8%

DSG stock opened at C$98.55 on Friday. The company has a market cap of C$8.44 billion, a price-to-earnings ratio of 49.03, a PEG ratio of 2.39 and a beta of 0.14. The company has a current ratio of 2.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The Descartes Systems Group has a 12 month low of C$85.26 and a 12 month high of C$147.98. The firm has a 50-day moving average of C$105.51 and a two-hundred day moving average of C$100.60.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, insider William Chad Murphy sold 2,772 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of C$101.05, for a total transaction of C$280,110.60. 0.02% of the stock is owned by company insiders.

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.