The Descartes Systems Group - DSGX Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Descartes Systems Group in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DSGX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DSGX, but not buy additional shares or sell existing shares.
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9 Wall Street research analysts have issued 12-month target prices for The Descartes Systems Group's shares. Their DSGX share price forecasts range from $58.00 to $95.00. On average, they predict the company's share price to reach $78.78 in the next twelve months. This suggests a possible upside of 1.6% from the stock's current price.
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The Descartes Systems Group's stock was trading at $69.65 on January 1st, 2023. Since then, DSGX stock has increased by 11.3% and is now trading at $77.55.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
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The Descartes Systems Group Inc. (NASDAQ:DSGX) released its earnings results on Wednesday, March, 1st. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The technology company had revenue of $125.10 million for the quarter, compared to analyst estimates of $123.54 million. The Descartes Systems Group had a trailing twelve-month return on equity of 9.74% and a net margin of 21.05%. The Descartes Systems Group's revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share.

The Descartes Systems Group issued an update on its first quarter 2024 earnings guidance on Thursday, March, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $117.00 million-$117.00 million, compared to the consensus revenue estimate of $127.60 million.

19 employees have rated The Descartes Systems Group Chief Executive Officer Ed Ryan on Glassdoor.com. Ed Ryan has an approval rating of 91% among the company's employees. This puts Ed Ryan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Descartes Systems Group investors own include Pfizer (PFE), Walmart (WMT), AbbVie (ABBV), Mastercard (MA), NVIDIA (NVDA), Verizon Communications (VZ), Activision Blizzard (ATVI), Kroger (KR), Visa (V) and Valero Energy (VLO).

The Descartes Systems Group trades on the NASDAQ under the ticker symbol "DSGX."

The Descartes Systems Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (12.91%), Jarislowsky Fraser Ltd (5.53%), Durable Capital Partners LP (4.67%), Conestoga Capital Advisors LLC (3.52%), T. Rowe Price Investment Management Inc. (2.72%) and Fiera Capital Corp (2.43%).

Shares of DSGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DSGX stock can currently be purchased for approximately $77.55.

The Descartes Systems Group (NASDAQ:DSGX) has a market capitalization of $6.58 billion and generates $486.01 million in revenue each year. The technology company earns $102.24 million in net income (profit) each year or $1.19 on an earnings per share basis.

The company employs 1,860 workers across the globe.

The Descartes Systems Group's mailing address is 120 RANDALL ST, WATERLOO A6, N2V 1C6. The official website for the company is www.descartes.com. The technology company can be reached via phone at (519) 746-8110, via email at investor@descartes.com, or via fax at 519-746-1984.