DSV (OTCMKTS:DSDVY) Shares Gap Up Following Earnings Beat

Key Points

• DSV shares gapped up significantly from $102.88 to $110.30 following an earnings report that beat analysts' expectations with an EPS of $1.24.
• The company has received a range of ratings from analysts; Barclays has an "overweight" rating while Zacks upgraded DSV from "strong sell" to "hold."
• DSV's market cap stands at $53.16 billion, with a solid financial position reflected in its 0.53 debt-to-equity ratio and strong liquidity ratios.

Shares of DSV (OTCMKTS:DSDVY - Get Free Report) gapped up before the market opened on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $102.88, but opened at $110.30. DSV shares last traded at $110.43, with a volume of 2,058 shares traded.

The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.15. DSV had a return on equity of 11.89% and a net margin of 5.29%.

Analysts Set New Price Targets

A number of research firms have issued reports on DSDVY. Barclays reiterated an "overweight" rating on shares of DSV in a research report on Monday, August 4th. Zacks Research upgraded DSV from a "strong sell" rating to a "hold" rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy".

DSV Price Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 3.25 and a quick ratio of 3.13. The firm has a market cap of $53.16 billion, a P/E ratio of 33.91, a P/E/G ratio of 1.34 and a beta of 1.20. The company has a fifty day moving average of $106.37 and a 200-day moving average of $110.48.

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.

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