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

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) released its quarterly earnings results on Wednesday. The company reported C$0.75 earnings per share for the quarter, FiscalAI reports. The Descartes Systems Group had a net margin of 22.47% and a return on equity of 10.76%. The business had revenue of C$262.96 million for the quarter.

The Descartes Systems Group Stock Up 5.3%

The Descartes Systems Group stock opened at C$108.34 on Friday. The Descartes Systems Group has a fifty-two week low of C$85.26 and a fifty-two week high of C$150.74. The stock has a market cap of C$9.31 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 2.39 and a beta of 0.14. The firm’s 50-day simple moving average is C$98.33 and its 200 day simple moving average is C$104.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.85 and a current ratio of 2.16.

Insider Activity

In other The Descartes Systems Group news, Director John Scott Pagan sold 20,163 shares of The Descartes Systems Group stock in a transaction dated Monday, April 13th. The shares were sold at an average price of C$90.83, for a total value of C$1,831,405.29. Following the sale, the director owned 127,639 shares of the company’s stock, valued at approximately C$11,593,450.37. The trade was a 13.64% decrease in their ownership of the stock. Also, insider Edward Ryan sold 34,193 shares of The Descartes Systems Group stock in a transaction dated Monday, April 13th. The stock was sold at an average price of C$89.70, for a total transaction of C$3,067,112.10. Following the completion of the sale, the insider directly owned 44,539 shares in the company, valued at approximately C$3,995,148.30. This represents a 43.43% decrease in their position. 0.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.