Analysts forecast that Dell Technologies Inc (NYSE:DVMT) will post earnings of $1.16 per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Dell Technologies’ earnings. Dell Technologies posted earnings per share of $1.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 3.6%. The firm is expected to announce its next quarterly earnings report on Thursday, June 14th.
According to Zacks, analysts expect that Dell Technologies will report full-year earnings of $5.76 per share for the current year, with EPS estimates ranging from $5.40 to $6.11. For the next fiscal year, analysts anticipate that the business will report earnings of $6.39 per share, with EPS estimates ranging from $5.90 to $6.87. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Dell Technologies.
Dell Technologies (NYSE:DVMT) last posted its quarterly earnings results on Thursday, March 8th. The company reported $2.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.75. Dell Technologies had a negative net margin of 4.74% and a positive return on equity of 23.17%. The firm had revenue of $21.94 billion for the quarter.
DVMT has been the subject of a number of analyst reports. Stifel Nicolaus cut Dell Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Wells Fargo initiated coverage on Dell Technologies in a report on Wednesday, February 28th. They set an “outperform” rating for the company. Deutsche Bank initiated coverage on Dell Technologies in a report on Wednesday, February 28th. They set a “buy” rating and a $114.00 price objective for the company. ValuEngine cut Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Gabelli initiated coverage on Dell Technologies in a report on Wednesday, January 31st. They set a “buy” rating and a $106.00 price objective for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Dell Technologies presently has a consensus rating of “Buy” and a consensus target price of $110.00.
In related news, insider David I. Goulden sold 4,700 shares of Dell Technologies stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $87.48, for a total value of $411,156.00. Following the completion of the transaction, the insider now directly owns 19,955 shares of the company’s stock, valued at $1,745,663.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Dell purchased 12,967 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was acquired at an average cost of $33.17 per share, with a total value of $430,115.39. Following the completion of the acquisition, the chief executive officer now directly owns 552,241 shares of the company’s stock, valued at $18,317,833.97. The disclosure for this purchase can be found here. 45.00% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in DVMT. Cerebellum GP LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at about $129,000. SeaCrest Wealth Management LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at about $136,000. We Are One Seven LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at about $137,000. Investors Research Corp bought a new position in shares of Dell Technologies in the fourth quarter valued at about $225,000. Finally, Advisor Partners LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at about $230,000. 23.12% of the stock is owned by institutional investors and hedge funds.
DVMT traded down $1.52 during trading on Tuesday, reaching $71.29. 811,955 shares of the company’s stock were exchanged, compared to its average volume of 1,137,406. Dell Technologies has a fifty-two week low of $59.92 and a fifty-two week high of $92.40. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.85 and a quick ratio of 0.78. The company has a market capitalization of $54,849.60, a P/E ratio of 10.24, a P/E/G ratio of 1.37 and a beta of -0.50.
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Dell Technologies Company Profile
Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.
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