The Descartes Systems Group Inc. to Post Q3 2018 Earnings of $0.11 Per Share, William Blair Forecasts (DSGX)

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The Descartes Systems Group Inc. (NASDAQ:DSGX) – Stock analysts at William Blair increased their Q3 2018 EPS estimates for The Descartes Systems Group in a research note issued to investors on Thursday. William Blair analyst M. Pfau now anticipates that the firm will post earnings of $0.11 per share for the quarter, up from their prior estimate of $0.10. William Blair also issued estimates for The Descartes Systems Group’s Q4 2018 earnings at $0.11 EPS and FY2018 earnings at $0.41 EPS.
A number of other brokerages have also recently commented on DSGX. BMO Capital Markets restated a “hold” rating and issued a $22.00 price target on shares of The Descartes Systems Group in a research report on Friday. Barclays PLC raised their price target on The Descartes Systems Group from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday. Royal Bank Of Canada raised their price objective on The Descartes Systems Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley reaffirmed a “hold” rating and issued a $23.00 price objective on shares of The Descartes Systems Group in a research note on Friday. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, September 1st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $23.61.
Shares of The Descartes Systems Group (NASDAQ:DSGX) traded down 4.13% during mid-day trading on Friday, reaching $20.67. The company’s stock had a trading volume of 39,643 shares. The Descartes Systems Group has a 12 month low of $15.01 and a 12 month high of $22.02. The company has a 50-day moving average of $20.58 and a 200-day moving average of $19.32. The firm has a market cap of $1.57 billion, a PE ratio of 72.02 and a beta of 0.83.

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About The 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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