Dynatrace, Inc. (NYSE:DT) Expected to Post Quarterly Sales of $202.60 Million

Wall Street analysts forecast that Dynatrace, Inc. (NYSE:DT) will report $202.60 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Dynatrace’s earnings, with the lowest sales estimate coming in at $202.30 million and the highest estimate coming in at $202.80 million. Dynatrace reported sales of $155.51 million in the same quarter last year, which indicates a positive year-over-year growth rate of 30.3%. The business is scheduled to report its next quarterly earnings report on Wednesday, August 4th.

On average, analysts expect that Dynatrace will report full-year sales of $894.17 million for the current year, with estimates ranging from $887.90 million to $897.60 million. For the next year, analysts expect that the firm will report sales of $1.11 billion, with estimates ranging from $1.03 billion to $1.17 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Dynatrace.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, May 12th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm had revenue of $196.50 million during the quarter, compared to the consensus estimate of $191.69 million. Dynatrace had a return on equity of 10.69% and a net margin of 12.75%. The company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Dynatrace from a “buy” rating to a “hold” rating in a report on Tuesday, April 6th. JMP Securities boosted their price objective on Dynatrace from $50.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. UBS Group upped their price target on Dynatrace from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 4th. Loop Capital upped their price target on Dynatrace from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, February 4th. They noted that the move was a valuation call. Finally, Truist upped their price target on Dynatrace from $50.00 to $60.00 in a report on Thursday, February 4th. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $57.22.

In related news, CFO Kevin C. Burns sold 901 shares of Dynatrace stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $53.53, for a total value of $48,230.53. Following the completion of the sale, the chief financial officer now owns 84,832 shares of the company’s stock, valued at $4,541,056.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James K. Lines sold 10,000 shares of Dynatrace stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $53.48, for a total value of $534,800.00. Following the completion of the sale, the director now directly owns 137,963 shares of the company’s stock, valued at approximately $7,378,261.24. The disclosure for this sale can be found here. Insiders sold 233,500 shares of company stock valued at $12,087,468 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of DT. Rhumbline Advisers lifted its position in shares of Dynatrace by 2.1% in the fourth quarter. Rhumbline Advisers now owns 193,320 shares of the company’s stock valued at $8,365,000 after acquiring an additional 4,039 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Dynatrace by 8.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 216,137 shares of the company’s stock worth $9,352,000 after buying an additional 16,782 shares in the last quarter. Gratus Capital LLC lifted its position in shares of Dynatrace by 6.5% in the fourth quarter. Gratus Capital LLC now owns 156,149 shares of the company’s stock worth $6,757,000 after buying an additional 9,469 shares in the last quarter. Huntington National Bank purchased a new stake in shares of Dynatrace in the fourth quarter worth about $41,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Dynatrace by 154.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 24,784 shares of the company’s stock worth $1,202,000 after buying an additional 15,032 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Shares of NYSE DT traded down $0.22 during midday trading on Friday, hitting $46.46. 40,741 shares of the stock traded hands, compared to its average volume of 2,138,097. The company has a market cap of $13.13 billion, a PE ratio of 164.68, a P/E/G ratio of 3.83 and a beta of 1.52. Dynatrace has a one year low of $33.31 and a one year high of $56.94. The business has a 50 day moving average price of $50.33 and a two-hundred day moving average price of $45.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Dynatrace Company Profile

Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It operates Dynatrace, a platform for running and optimizing multi-cloud environments. Its products include AppMon that works in various application environments, such as mobile apps, web apps, web browsers, web servers, Java, .NET, Node.js, PHP, databases, middleware, and mainframe; and Classic Real User Monitoring, which tracks user's experience from an edge devices comprising smart phones, tablets, PCs, or kiosk through cloud services, as well as customer's web tiers.

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Earnings History and Estimates for Dynatrace (NYSE:DT)

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