DXC Technology (NYSE:DXC) – Research analysts at KeyCorp boosted their Q3 2018 EPS estimates for DXC Technology in a research note issued to investors on Monday, according to Zacks Investment Research. KeyCorp analyst A. Ramnani now expects that the company will post earnings of $1.99 per share for the quarter, up from their prior estimate of $1.90. KeyCorp currently has a “Overweight” rating and a $116.00 target price on the stock. KeyCorp also issued estimates for DXC Technology’s Q4 2018 earnings at $2.04 EPS and FY2018 earnings at $7.55 EPS.
A number of other equities research analysts also recently weighed in on the company. SunTrust Banks raised DXC Technology from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup reissued a “buy” rating and set a $117.00 target price (up previously from $107.00) on shares of DXC Technology in a report on Thursday, January 18th. Cowen reissued a “hold” rating and set a $96.00 target price on shares of DXC Technology in a report on Wednesday, January 3rd. Barclays lifted their target price on DXC Technology from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st. Finally, BMO Capital Markets lifted their target price on DXC Technology from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. DXC Technology presently has an average rating of “Buy” and a consensus price target of $102.12.
Shares of DXC Technology (NYSE:DXC) traded down $0.04 during trading on Wednesday, reaching $99.49. The company’s stock had a trading volume of 1,090,000 shares, compared to its average volume of 1,380,000. DXC Technology has a fifty-two week low of $64.06 and a fifty-two week high of $102.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market cap of $28,400.00 and a P/E ratio of 167.67.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.40. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.07 billion. The company’s quarterly revenue was up 229.4% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of DXC Technology by 30,928.2% during the second quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock worth $1,593,568,000 after purchasing an additional 20,704,283 shares during the last quarter. BlackRock Inc. bought a new stake in shares of DXC Technology during the second quarter worth about $1,368,006,000. Dodge & Cox bought a new stake in shares of DXC Technology during the second quarter worth about $1,032,608,000. Boston Partners grew its holdings in shares of DXC Technology by 4.4% during the third quarter. Boston Partners now owns 12,688,006 shares of the company’s stock worth $1,089,645,000 after purchasing an additional 532,468 shares during the last quarter. Finally, State Street Corp bought a new stake in shares of DXC Technology during the second quarter worth about $898,855,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Tuesday, December 5th.
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About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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