DSV (OTCMKTS:DSDVY) Shares Gap Down - What's Next?

Key Points

• The shares of DSV gapped down from a prior close of $108.80 to open at $103.89, primarily attributed to recent quarterly earnings that missed analysts' expectations.
• Despite the recent drop, Wall Street analysts maintain a positive outlook on DSV with a consensus rating of "Buy", supported by Barclays' "overweight" rating.
• DSV reported earnings of $0.99 per share for the last quarter, falling short of the $1.03 consensus estimate, with a revenue of $9.51 billion against expectations of $61.96 billion.

DSV (OTCMKTS:DSDVY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $108.80, but opened at $103.89. DSV shares last traded at $103.91, with a volume of 2,425 shares.

Wall Street Analyst Weigh In

Separately, Barclays reiterated an "overweight" rating on shares of DSV in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, DSV presently has an average rating of "Buy".

DSV Trading Down 1.2%

The firm has a fifty day simple moving average of $113.41 and a 200-day simple moving average of $110.48. The firm has a market cap of $49.43 billion, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.25 and a quick ratio of 3.13.

DSV (OTCMKTS:DSDVY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.04). DSV had a net margin of 5.29% and a return on equity of 11.89%. The company had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $61.96 billion. On average, equities research analysts expect that DSV will post 3.97 earnings per share for the current year.

About DSV

DSV A/S offers transport and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific. It operates through three segments: Air & Sea, Road, and Solutions. The company provides air freight, air freight compliance and carrier, and rail freight services; sea freight, and sea freight compliance and carrier services, as well as freight containers.