DSV (OTCMKTS:DSDVY) Shares Gap Up Following Better-Than-Expected Earnings

DSV (OTCMKTS:DSDVY) gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $89.94, but opened at $102.45. DSV shares last traded at $103.66, with a volume of 7,191 shares trading hands.

The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.08. DSV had a net margin of 2.41% and a return on equity of 9.38%.

Analyst Ratings Changes

A number of analysts recently issued reports on DSDVY shares. Citigroup reissued a “buy” rating on shares of DSV in a report on Thursday, July 9th. Morgan Stanley reiterated an “overweight” rating on shares of DSV in a research report on Thursday, July 23rd. Royal Bank Of Canada assumed coverage on DSV in a research report on Thursday, October 15th. They set a “hold” rating on the stock. Zacks Research raised shares of DSV from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of DSV in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

DSV Price Performance

The stock has a market capitalization of $49.88 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 0.75 and a beta of 1.21. The business’s 50-day moving average price is $97.57 and its 200 day moving average price is $112.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.94 and a current ratio of 0.97.

DSV Company Profile

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.