The Descartes Systems Group (TSE:DSG) Trading Down 7.5% After Earnings Miss

Shares of The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX dropped 7.5% during mid-day trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as C$136.04 and last traded at C$146.23. Approximately 131,552 shares were traded during mid-day 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 last year, the business posted $0.43 earnings per share.

Insider Buying and Selling at The Descartes Systems Group

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

The Descartes Systems Group Stock Performance

The stock's fifty day moving average price is C$148.82 and its two-hundred day moving average price is C$156.90. The company has a market cap of C$8.42 billion, a P/E ratio of 61.03, a P/E/G ratio of 2.39 and a beta of 0.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.85 and a current ratio of 1.34.

The Descartes Systems Group Company Profile

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).