Zacks: Brokerages Anticipate DXC Technology Company. (DXC) to Announce $1.53 Earnings Per Share
Equities analysts expect that DXC Technology Company. (NYSE:DXC) will post earnings per share of $1.53 for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for DXC Technology Company.’s earnings. The highest EPS estimate is $1.61 and the lowest is $1.43. DXC Technology Company. reported earnings of $0.61 per share in the same quarter last year, which would indicate a positive year over year growth rate of 150.8%. The firm is scheduled to report its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that DXC Technology Company. will report full year earnings of $6.84 per share for the current year, with EPS estimates ranging from $6.60 to $6.94. For the next year, analysts anticipate that the company will post earnings of $8.22 per share, with EPS estimates ranging from $7.80 to $8.60. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover DXC Technology Company..
DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.34. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion.
DXC has been the subject of several recent research reports. Zacks Investment Research lowered DXC Technology Company. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BMO Capital Markets boosted their price objective on DXC Technology Company. from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Morgan Stanley upgraded DXC Technology Company. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $68.00 to $85.00 in a research report on Tuesday, July 4th. KeyCorp upgraded DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 price objective on the stock in a research report on Friday, July 21st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $87.00 price objective on shares of DXC Technology Company. in a research report on Friday, July 7th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $96.38.
Shares of DXC Technology Company. (NYSE DXC) traded down 0.44% on Wednesday, hitting $91.49. The stock had a trading volume of 789,622 shares. The stock has a 50 day moving average of $86.80 and a 200-day moving average of $80.73. DXC Technology Company. has a 12 month low of $64.06 and a 12 month high of $93.40. The stock has a market cap of $26.05 billion, a PE ratio of 288.61 and a beta of 1.04.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.79%. DXC Technology Company.’s dividend payout ratio is currently -378.95%.
In related news, CFO Paul N. Saleh sold 80,922 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $84.01, for a total value of $6,798,257.22. Following the sale, the chief financial officer now directly owns 217,211 shares in the company, valued at $18,247,896.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael G. Nefkens sold 35,340 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $92.00, for a total value of $3,251,280.00. The disclosure for this sale can be found here. Insiders sold 156,722 shares of company stock worth $13,389,106 over the last quarter. 1.30% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of DXC. Prudential Financial Inc. purchased a new stake in DXC Technology Company. during the second quarter valued at approximately $30,415,000. Burney Co. purchased a new stake in DXC Technology Company. during the second quarter valued at approximately $1,029,000. Creative Planning purchased a new stake in DXC Technology Company. during the second quarter valued at approximately $850,000. Investec Asset Management PTY Ltd purchased a new stake in DXC Technology Company. during the second quarter valued at approximately $434,000. Finally, State of Tennessee Treasury Department purchased a new stake in DXC Technology Company. during the second quarter valued at approximately $11,312,000. Institutional investors own 85.05% of the company’s stock.
About DXC Technology Company.
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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