Wall Street analysts expect that DXC Technology (NYSE:DXC) will announce $6.23 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for DXC Technology’s earnings, with estimates ranging from $6.10 billion to $6.39 billion. DXC Technology reported sales of $1.92 billion during the same quarter last year, which would suggest a positive year over year growth rate of 224.5%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Thursday, February 1st.
According to Zacks, analysts expect that DXC Technology will report full year sales of $6.23 billion for the current financial year, with estimates ranging from $24.23 billion to $24.47 billion. For the next year, analysts anticipate that the company will report sales of $24.07 billion per share, with estimates ranging from $23.56 billion to $24.49 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow DXC Technology.
DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.40. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.07 billion. The business’s quarterly revenue was up 229.4% compared to the same quarter last year.
Several equities research analysts have commented on the stock. BMO Capital Markets increased their target price on shares of DXC Technology from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research report on Tuesday, October 10th. SunTrust Banks increased their target price on shares of DXC Technology to $100.00 and gave the company a “hold” rating in a research report on Monday, November 13th. KeyCorp increased their target price on shares of DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday, January 9th. Finally, Evercore ISI began coverage on shares of DXC Technology in a research report on Tuesday, October 17th. They set an “outperform” rating and a $115.00 target price for the company. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.12.
DXC Technology (NYSE:DXC) traded up $0.48 on Thursday, hitting $100.98. 1,980,000 shares of the company were exchanged, compared to its average volume of 1,400,000. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. DXC Technology has a 12 month low of $64.06 and a 12 month high of $102.95. The firm has a market cap of $28,810.00 and a price-to-earnings ratio of 171.15.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, December 5th.
Several institutional investors have recently bought and sold shares of DXC. Vanguard Group Inc. raised its position in DXC Technology by 30,928.2% in the 2nd 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 period. Dodge & Cox purchased a new position in DXC Technology in the 2nd quarter worth $1,032,608,000. Boston Partners raised its position in DXC Technology by 4.4% in the 3rd 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 period. State Street Corp purchased a new position in DXC Technology in the 2nd quarter worth $898,855,000. Finally, Glenview Capital Management LLC purchased a new position in DXC Technology in the 2nd quarter worth $625,894,000. Hedge funds and other institutional investors own 84.68% of the company’s stock.
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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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