DXC Technology (NYSE:DXC) issued its earnings results on Monday. The company reported $1.38 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.06), Briefing.com reports. DXC Technology had a return on equity of 19.57% and a net margin of 5.70%. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the previous year, the firm earned $2.02 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year.
Shares of DXC stock traded up $4.30 during mid-day trading on Tuesday, reaching $33.70. 8,461,976 shares of the company’s stock traded hands, compared to its average volume of 3,721,633. DXC Technology has a 12 month low of $26.02 and a 12 month high of $69.45. The company has a market cap of $7.88 billion, a P/E ratio of 4.04, a P/E/G ratio of 1.05 and a beta of 1.92. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $28.45 and its 200-day moving average price is $43.92.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, December 3rd. DXC Technology’s dividend payout ratio (DPR) is presently 10.07%.
Several brokerages recently commented on DXC. Stifel Nicolaus decreased their target price on shares of DXC Technology from $46.00 to $37.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Zacks Investment Research downgraded shares of DXC Technology from a “hold” rating to a “sell” rating and set a $29.00 price objective on the stock. in a research report on Thursday, October 17th. Royal Bank of Canada reissued a “buy” rating on shares of DXC Technology in a research report on Sunday, August 11th. Susquehanna Bancshares downgraded shares of DXC Technology from a “positive” rating to a “neutral” rating in a research report on Thursday, September 12th. Finally, Wells Fargo & Co reduced their price objective on shares of DXC Technology from $46.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $50.08.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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