Analysts predict that DXC Technology (NYSE:DXC) will post $5.32 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for DXC Technology’s earnings, with estimates ranging from $5.17 billion to $5.36 billion. DXC Technology posted sales of $5.91 billion during the same quarter last year, which suggests a negative year over year growth rate of 10%. The company is expected to report its next earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that DXC Technology will report full-year sales of $21.73 billion for the current year, with estimates ranging from $21.49 billion to $21.91 billion. For the next financial year, analysts expect that the firm will post sales of $21.94 billion per share, with estimates ranging from $21.24 billion to $22.33 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for DXC Technology.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, May 24th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. DXC Technology had a return on equity of 17.74% and a net margin of 7.13%. The company had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.12 billion. The company’s quarterly revenue was up 233.2% compared to the same quarter last year.
DXC has been the subject of a number of analyst reports. ValuEngine cut DXC Technology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. SunTrust Banks reduced their price target on DXC Technology from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, May 30th. Berenberg Bank initiated coverage on DXC Technology in a research report on Wednesday, April 18th. They issued a “hold” rating and a $100.00 price target for the company. Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $97.00 price objective on shares of DXC Technology in a research note on Friday, May 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $105.59.
In related news, EVP William L. Deckelman, Jr. sold 2,886 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $100.94, for a total transaction of $291,312.84. Following the transaction, the executive vice president now directly owns 13,082 shares in the company, valued at $1,320,497.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John M. Lawrie sold 5,000 shares of the business’s stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $103.04, for a total value of $515,200.00. The disclosure for this sale can be found here. Insiders sold 22,886 shares of company stock worth $2,343,380 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Delpha Capital Management LLC increased its stake in DXC Technology by 1,400.0% during the first quarter. Delpha Capital Management LLC now owns 4,410 shares of the company’s stock valued at $443,000 after acquiring an additional 4,116 shares during the period. Banco de Sabadell S.A bought a new position in DXC Technology during the fourth quarter valued at about $1,384,000. Lombard Odier Asset Management Switzerland SA increased its stake in DXC Technology by 50.9% during the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 20,128 shares of the company’s stock valued at $1,910,000 after acquiring an additional 6,785 shares during the period. Advisor Group Inc. increased its stake in DXC Technology by 8.3% during the fourth quarter. Advisor Group Inc. now owns 16,367 shares of the company’s stock valued at $1,553,000 after acquiring an additional 1,252 shares during the period. Finally, Brown Advisory Inc. bought a new position in DXC Technology during the fourth quarter valued at about $211,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.
Shares of NYSE:DXC traded down $0.23 on Thursday, reaching $80.85. The company had a trading volume of 6,223,088 shares, compared to its average volume of 2,943,543. DXC Technology has a twelve month low of $75.64 and a twelve month high of $107.85. The stock has a market capitalization of $23.09 billion, a P/E ratio of 10.18, a P/E/G ratio of 0.96 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.98 and a quick ratio of 0.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 17th. Stockholders of record on Wednesday, June 6th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, June 5th. This is a positive change from DXC Technology’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.94%. DXC Technology’s payout ratio is presently 9.57%.
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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