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

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) announced its earnings results on Wednesday. The company reported C$0.41 EPS for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.18), RTT News reports. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same quarter in the prior year, the company earned $0.43 earnings per share.

The Descartes Systems Group Stock Performance

DSG opened at C$158.09 on Thursday. The Descartes Systems Group has a 52-week low of C$123.86 and a 52-week high of C$177.98. The company has a quick ratio of 1.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.51. The company has a market cap of C$9.58 billion, a P/E ratio of 69.43, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The firm’s 50-day moving average price is C$148.94 and its 200-day moving average price is C$157.03.

Insider Activity

In related news, Senior Officer Edward Ryan sold 17,286 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of C$143.03, for a total value of C$2,472,433.87. Corporate insiders own 0.02% of the company’s stock.

About The Descartes Systems Group

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions).