DXC Technology Co (DXC) Expected to Announce Earnings of $2.03 Per Share
Equities research analysts expect that DXC Technology Co (NYSE:DXC) will report earnings of $2.03 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for DXC Technology’s earnings, with estimates ranging from $1.99 to $2.09. DXC Technology posted earnings of $2.15 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 5.6%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 14th.
On average, analysts expect that DXC Technology will report full year earnings of $8.16 per share for the current financial 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 $9.05 per share, with EPS estimates ranging from $8.50 to $9.59. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for DXC Technology.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $2.02 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.06. The company had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.30 billion. DXC Technology had a net margin of 8.15% and a return on equity of 19.07%. DXC Technology’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 EPS.
Shares of DXC stock opened at $60.52 on Tuesday. The company has a market cap of $17.38 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.04. DXC Technology has a 12 month low of $57.59 and a 12 month high of $107.85.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 5th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, December 4th. DXC Technology’s dividend payout ratio (DPR) is presently 9.57%.
In related news, CFO Paul N. Saleh sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $92.03, for a total transaction of $4,601,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John M. Lawrie sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $94.15, for a total transaction of $235,375.00. The disclosure for this sale can be found here. Insiders have sold a total of 91,822 shares of company stock worth $8,466,541 in the last ninety days. 0.65% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Strategic Wealth Partners Ltd. increased its holdings in shares of DXC Technology by 3,925.0% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock worth $30,000 after buying an additional 314 shares during the last quarter. Daiwa SB Investments Ltd. increased its holdings in shares of DXC Technology by 25.3% in the 3rd quarter. Daiwa SB Investments Ltd. now owns 2,820 shares of the company’s stock worth $264,000 after buying an additional 570 shares during the last quarter. Horan Capital Advisors LLC. increased its holdings in shares of DXC Technology by 2.8% in the 2nd quarter. Horan Capital Advisors LLC. now owns 22,208 shares of the company’s stock worth $1,790,000 after buying an additional 607 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of DXC Technology by 29.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,676 shares of the company’s stock worth $216,000 after buying an additional 615 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of DXC Technology by 27.8% in the 2nd quarter. D.A. Davidson & CO. now owns 2,985 shares of the company’s stock worth $241,000 after buying an additional 650 shares during the last quarter. 85.45% of the stock is currently owned by institutional investors and hedge funds.
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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