Q4 2018 EPS Estimates for DXC Technology Company. Lifted by Analyst (DXC)
DXC Technology Company. (NYSE:DXC) – Equities researchers at KeyCorp boosted their Q4 2018 earnings per share estimates for shares of DXC Technology Company. in a research note issued to investors on Tuesday. KeyCorp analyst A. Ramnani now expects that the company will post earnings of $1.99 per share for the quarter, up from their previous estimate of $1.93. KeyCorp has a “Overweight” rating and a $99.00 price objective on the stock. KeyCorp also issued estimates for DXC Technology Company.’s Q3 2019 earnings at $2.30 EPS and Q4 2019 earnings at $2.33 EPS.
DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.40. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.07 billion. DXC Technology Company. had a net margin of 1.88% and a return on equity of 17.83%. The firm’s revenue for the quarter was up 229.4% compared to the same quarter last year.
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Other equities analysts have also issued reports about the stock. Royal Bank Of Canada boosted their target price on shares of DXC Technology Company. from $87.00 to $99.00 and gave the company an “outperform” rating in a report on Wednesday. Cowen and Company restated a “hold” rating and issued a $77.00 price objective on shares of DXC Technology Company. in a report on Thursday, August 10th. Stifel Nicolaus upped their price objective on shares of DXC Technology Company. from $86.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday. TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $93.00 target price on shares of DXC Technology Company. in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $99.56.
DXC Technology Company. (DXC) traded up $1.31 during trading hours on Friday, hitting $95.94. 1,290,200 shares of the stock traded hands, compared to its average volume of 1,973,176. DXC Technology Company. has a 1-year low of $67.76 and a 1-year high of $99.00. The company has a quick ratio of 1.18, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $26,994.98, a P/E ratio of 17.27, a P/E/G ratio of 1.66 and a beta of 1.01.
A number of large investors have recently modified their holdings of DXC. Advisory Services Network LLC acquired a new stake in shares of DXC Technology Company. in the 2nd quarter worth $101,000. Hanson McClain Inc. acquired a new stake in shares of DXC Technology Company. in the 2nd quarter worth $105,000. Pinebridge Investments L.P. acquired a new stake in shares of DXC Technology Company. in the 2nd quarter worth $106,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of DXC Technology Company. in the 2nd quarter worth $109,000. Finally, Cribstone Capital Management LLC lifted its stake in shares of DXC Technology Company. by 4.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock worth $108,000 after acquiring an additional 63 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.
In related news, CFO Paul N. Saleh sold 80,922 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $84.01, for a total transaction of $6,798,257.22. Following the completion of the sale, the chief financial officer now owns 217,211 shares in the company, valued at approximately $18,247,896.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael G. Nefkens sold 35,340 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
DXC Technology Company. 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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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