The Descartes Systems Group (TSE:DSG) Shares Down 7.5% Following Weak Earnings

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 ActivityIn 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 PerformanceThe 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).Featured ArticlesFive stocks we like better than The Descartes Systems GroupHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsA New All-Time High Is Coming Soon for Credo Technology GroupHow to Buy Cheap Stocks Step by Step3 High-Growth Stocks Traders Love and Investors Should WatchStock Trading Terms - Stock Terms Every Investor Needs to KnowRed Robin's Comeback: Q1 Earnings Spark Investor HopesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in The Descartes Systems Group Right Now?Before you consider The Descartes Systems Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Descartes Systems Group wasn't on the list.While The Descartes Systems Group currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here