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

DSV (OTCMKTS:DSDVY)’s share price 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 EPS for the quarter, beating the consensus estimate of $1.09 by $0.15. DSV had a return on equity of 11.89% and a net margin of 5.29%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DSDVY. Barclays restated an “overweight” rating on shares of DSV in a research note on Monday, August 4th. Zacks Research upgraded shares of DSV from a “strong sell” rating to a “hold” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

DSV Stock Up 7.5%

The firm’s 50-day moving average price is $106.27 and its 200 day moving average price is $110.68. The company has a market capitalization of $53.20 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 1.32 and a beta of 1.20. The company has a current ratio of 3.25, a quick ratio of 3.13 and a debt-to-equity ratio of 0.53.

DSV Company Profile

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.