Published On: Mon, Sep 12th, 2016

Descartes Systems Group Inc to Post Q3 2017 Earnings of $0.10 Per Share, Beacon Securities Forecasts (DSG)

Descartes Systems Group Inc (TSE:DSG) – Investment analysts at Beacon Securities reduced their Q3 2017 earnings per share estimates for shares of Descartes Systems Group in a research note issued on Thursday. Beacon Securities analyst G. Leung now anticipates that the brokerage will post earnings per share of $0.10 for the quarter, down from their previous estimate of $0.12. Beacon Securities has a “Hold” rating on the stock. Beacon Securities also issued estimates for Descartes Systems Group’s Q4 2017 earnings at $0.12 EPS, FY2017 earnings at $0.41 EPS and FY2018 earnings at $0.50 EPS.
A number of other research firms have also recently commented on DSG. Royal Bank Of Canada restated an “outperform” rating and set a C$30.00 target price (up from C$29.00) on shares of Descartes Systems Group in a research report on Tuesday, September 6th. Scotiabank reaffirmed an “outperform” rating and issued a C$29.00 price target on shares of Descartes Systems Group in a research note on Wednesday, August 31st. Finally, Barclays PLC raised their price target on shares of Descartes Systems Group from C$30.00 to C$31.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Descartes Systems Group presently has an average rating of “Buy” and an average price target of C$30.50.
Descartes Systems Group (TSE:DSG) opened at 26.95 on Monday. The company has a market cap of $2.04 billion and a PE ratio of 92.93. The stock’s 50 day moving average price is $26.89 and its 200-day moving average price is $25.18. Descartes Systems Group has a 1-year low of $20.94 and a 1-year high of $28.81.

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About Descartes Systems Group
The Descartes Systems Group Inc (Descartes) is a global provider of on-demand, cloud-based software-as-a-service (SaaS) solutions. The Company is focused on logistics and supply chain management business processes. Customers use its modular, SaaS solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and complete other logistics processes.

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