Equities analysts expect DXC Technology (NYSE:DXC) to post earnings per share (EPS) of $2.20 for the current quarter, Zacks reports. Seven analysts have made estimates for DXC Technology’s earnings. The lowest EPS estimate is $2.05 and the highest is $2.30. DXC Technology posted earnings per share of $1.15 in the same quarter last year, which would indicate a positive year over year growth rate of 91.3%. The firm is scheduled to announce its next earnings report on Thursday, May 24th.
On average, analysts expect that DXC Technology will report full-year earnings of $7.83 per share for the current year, with EPS estimates ranging from $7.55 to $7.97. For the next fiscal year, analysts forecast that the company will report earnings of $9.03 per share, with EPS estimates ranging from $8.60 to $9.52. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow DXC Technology.
DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.16. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.19 billion. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The business’s quarterly revenue was up 222.7% compared to the same quarter last year.
Several research firms have issued reports on DXC. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Tuesday, February 13th. Deutsche Bank upped their price objective on DXC Technology from $90.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, February 9th. BMO Capital Markets upped their price objective on DXC Technology from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Morgan Stanley increased their target price on DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, SunTrust Banks upgraded DXC Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. DXC Technology has an average rating of “Buy” and a consensus price target of $103.33.
DXC Technology (NYSE:DXC) traded up $1.28 during trading hours on Monday, reaching $102.16. The company’s stock had a trading volume of 74,806 shares, compared to its average volume of 1,653,758. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $28,820.00 and a price-to-earnings ratio of 32.97. DXC Technology has a 12-month low of $67.76 and a 12-month high of $103.77.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Westport Asset Management Inc. grew its position in DXC Technology by 28.6% during the fourth quarter. Westport Asset Management Inc. now owns 45,000 shares of the company’s stock worth $3,865,000 after buying an additional 10,000 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of DXC Technology by 13.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 49,183 shares of the company’s stock valued at $4,667,000 after purchasing an additional 5,736 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of DXC Technology by 72.2% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 210,028 shares of the company’s stock valued at $19,932,000 after purchasing an additional 88,072 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of DXC Technology by 30.5% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,424 shares of the company’s stock valued at $610,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Banco de Sabadell S.A acquired a new stake in shares of DXC Technology in the 4th quarter valued at $1,384,000. Institutional investors own 85.61% of the company’s stock.
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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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