Brokerages expect DXC Technology (NYSE:DXC) to report $6.23 billion in sales for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for DXC Technology’s earnings, with the lowest sales estimate coming in at $6.10 billion and the highest estimate coming in at $6.39 billion. DXC Technology reported sales of $1.92 billion in the same quarter last year, which indicates a positive year over year growth rate of 224.5%. The business is expected to report its next earnings report after the market closes on Thursday, February 8th.
On average, analysts expect that DXC Technology will report full-year sales of $6.23 billion for the current year, with estimates ranging from $24.23 billion to $24.47 billion. For the next fiscal year, analysts forecast that the firm will report sales of $24.08 billion per share, with estimates ranging from $23.56 billion to $24.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for DXC Technology.
DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 EPS 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 company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. The business’s quarterly revenue was up 229.4% on a year-over-year basis.
Several brokerages have issued reports on DXC. BMO Capital Markets lifted 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 upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Tuesday, October 10th. SunTrust Banks upped their price target on shares of DXC Technology to $100.00 and gave the company a “hold” rating in a report on Monday, November 13th. KeyCorp upped their price target on shares of DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, January 9th. Finally, Evercore ISI initiated coverage on shares of DXC Technology in a report on Tuesday, October 17th. They set an “outperform” rating and a $115.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $102.71.
A number of institutional investors have recently modified their holdings of the business. Westside Investment Management Inc. grew its stake in DXC Technology by 3.4% in the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after purchasing an additional 50 shares during the last quarter. ETRADE Capital Management LLC grew its stake in shares of DXC Technology by 11.8% during the third quarter. ETRADE Capital Management LLC now owns 5,061 shares of the company’s stock worth $435,000 after acquiring an additional 535 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of DXC Technology by 1.3% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 46,749 shares of the company’s stock worth $4,015,000 after acquiring an additional 600 shares during the last quarter. First Mercantile Trust Co. grew its stake in shares of DXC Technology by 17.2% during the fourth quarter. First Mercantile Trust Co. now owns 4,472 shares of the company’s stock worth $424,000 after acquiring an additional 656 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of DXC Technology by 2.3% during the fourth quarter. CIBC Asset Management Inc now owns 29,706 shares of the company’s stock worth $2,819,000 after acquiring an additional 670 shares during the last quarter. 84.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of DXC Technology (DXC) traded up $0.61 during trading on Friday, reaching $96.55. 793,008 shares of the company’s stock traded hands, compared to its average volume of 1,475,814. DXC Technology has a twelve month low of $67.76 and a twelve month high of $102.95. The company has a market capitalization of $27,411.47, a price-to-earnings ratio of 164.64, a PEG ratio of 1.22 and a beta of 1.04. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, December 5th. DXC Technology’s payout ratio is currently 122.03%.
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DXC Technology Company Profile
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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