The Descartes Systems Group (TSE:DSG) Shares Down 7.5% Following Weak Earnings
The Descartes Systems Group (TSE:DSG) shares fell 7.5% after reporting weaker-than-expected earnings of C$0.41 per share, missing estimates by C$0.18. The stock traded as low as C$136.04 and closed at C$146.23, with a trading volume decline of 11%. The company has a market cap of C$8.86 billion and a P/E ratio of 64.22. Insider Edward Ryan sold 34,135 shares at an average price of C$144.76. Despite a Strong Buy rating, analysts suggest other stocks may be better investments.
The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX's stock price was down 7.5% on Thursday following a weaker than expected earnings announcement. The stock traded as low as C$136.04 and last traded at C$146.23. Approximately 131,552 shares changed hands during trading, a decline of 11% from the average daily volume of 147,359 shares. The stock had previously closed at C$158.09.
The company reported C$0.41 earnings per share for the quarter, missing analysts' consensus estimates of C$0.59 by C($0.18). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same quarter in the previous year, the firm posted $0.43 EPS.
Insider Activity
In other news, Senior Officer Edward Ryan sold 34,135 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of C$144.76, for a total transaction of C$4,941,382.60. Corporate insiders own 0.02% of the company's stock.
The Descartes Systems Group Stock Performance
The company has a current ratio of 1.34, a quick ratio of 1.85 and a debt-to-equity ratio of 0.51. The stock has a market cap of C$8.86 billion, a price-to-earnings ratio of 64.22, a P/E/G ratio of 2.39 and a beta of 0.74. The firm's 50-day moving average is C$148.94 and its two-hundred day moving average is C$157.03.
The Descartes Systems Group Company Profile
(Get Free Report)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).
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