DSV (OTCMKTS:DSDVY) Shares Gap Down on Disappointing Earnings

DSV (OTCMKTS:DSDVY)’s stock price gapped down prior to trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $127.81, but opened at $110.81. DSV shares last traded at $110.4950, with a volume of 2,291 shares traded.

The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.15. The company had revenue of $11.03 billion during the quarter, compared to analysts’ expectations of $10.89 billion. DSV had a return on equity of 9.45% and a net margin of 2.55%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of DSV from a “hold” rating to a “strong sell” rating in a report on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of DSV in a research report on Thursday, July 16th. Finally, Citigroup reissued a “buy” rating on shares of DSV in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, DSV currently has a consensus rating of “Moderate Buy”.

DSV Price Performance

The stock has a market cap of $52.84 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 0.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.95 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $122.43 and its two-hundred day simple moving average is $127.37.

About DSV

DSV A/S (OTCMKTS:DSDVY) is a Danish global transport and logistics company that provides end-to-end supply chain solutions to businesses across a wide range of industries. The firm’s core services include road transport, air freight, ocean freight, freight forwarding, contract logistics and warehousing, together with customs clearance, distribution and value‑added services designed to support complex international supply chains.

Founded in the mid-1970s in Denmark, DSV has grown through a mix of organic expansion and strategic acquisitions, notably strengthening its global freight and forwarding capabilities through transactions such as the acquisitions of UTi Worldwide and Panalpina.