Wall Street brokerages predict that DXC Technology Co (NYSE:DXC) will post $2.03 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for DXC Technology’s earnings. The highest EPS estimate is $2.09 and the lowest is $1.99. DXC Technology posted earnings of $2.15 per share in the same quarter last year, which would suggest a negative year over year growth rate of 5.6%. The firm is expected to issue its next earnings results on Thursday, February 14th.
On average, analysts expect that DXC Technology will report full-year earnings of $8.17 per share for the current year, with EPS estimates ranging from $8.10 to $8.28. For the next fiscal year, analysts anticipate that the business will post earnings of $9.08 per share, with EPS estimates ranging from $8.50 to $9.59. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow DXC Technology.
DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.06. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.30 billion. DXC Technology had a return on equity of 19.07% and a net margin of 8.15%. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 EPS.
Several research firms have recently commented on DXC. Moffett Nathanson began coverage on DXC Technology in a report on Thursday, October 4th. They set a “buy” rating and a $95.00 price target on the stock. Zacks Investment Research lowered DXC Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. BMO Capital Markets reiterated a “buy” rating on shares of DXC Technology in a report on Wednesday, October 24th. ValuEngine lowered DXC Technology from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $70.00 price target on shares of DXC Technology in a report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $92.31.
DXC stock traded up $0.68 during midday trading on Friday, reaching $62.62. The stock had a trading volume of 2,903,188 shares, compared to its average volume of 2,561,063. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $17.54 billion, a P/E ratio of 7.89, a PEG ratio of 1.16 and a beta of 1.35. DXC Technology has a 52-week low of $49.19 and a 52-week high of $107.85.
Large investors have recently modified their holdings of the stock. Strategic Wealth Partners Ltd. increased its position in shares of DXC Technology by 3,925.0% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock worth $30,000 after purchasing an additional 314 shares during the last quarter. IMS Capital Management acquired a new stake in shares of DXC Technology during the 3rd quarter worth about $36,000. ELM Advisors LLC acquired a new stake in shares of DXC Technology during the 3rd quarter worth about $105,000. Truvestments Capital LLC acquired a new stake in shares of DXC Technology during the 3rd quarter worth about $117,000. Finally, Legacy Financial Advisors Inc. increased its position in shares of DXC Technology by 111.8% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 1,413 shares of the company’s stock worth $132,000 after purchasing an additional 746 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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