Zacks: Analysts Expect DXC Technology Co (DXC) Will Post Earnings of $1.96 Per Share

Wall Street brokerages expect DXC Technology Co (NYSE:DXC) to report $1.96 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for DXC Technology’s earnings. The lowest EPS estimate is $1.87 and the highest is $2.02. DXC Technology reported earnings of $1.93 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The firm is scheduled to announce its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that DXC Technology will report full year earnings of $8.15 per share for the current year, with EPS estimates ranging from $8.09 to $8.28. For the next year, analysts anticipate that the firm will report earnings of $9.16 per share, with EPS estimates ranging from $8.50 to $9.49. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover DXC Technology.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.18. DXC Technology had a net margin of 7.74% and a return on equity of 18.67%. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.32 billion.

A number of analysts recently issued reports on the stock. Moffett Nathanson assumed coverage on shares of DXC Technology in a report on Thursday. They set a “buy” rating and a $95.00 price target on the stock. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Tuesday, August 21st. Cantor Fitzgerald lowered their price target on shares of DXC Technology from $97.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, August 9th. Royal Bank of Canada reissued a “buy” rating and set a $103.00 price target on shares of DXC Technology in a report on Wednesday, August 8th. Finally, Morgan Stanley increased their price target on shares of DXC Technology from $101.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, August 8th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $103.82.

NYSE DXC traded down $0.91 during mid-day trading on Monday, reaching $90.08. 843,600 shares of the stock were exchanged, compared to its average volume of 1,884,811. DXC Technology has a 1 year low of $77.96 and a 1 year high of $107.85. The company has a market capitalization of $26.29 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.59 and a beta of 0.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Wednesday, September 5th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Tuesday, September 4th. DXC Technology’s dividend payout ratio is presently 9.57%.

In other DXC Technology news, insider John M. Lawrie sold 55,549 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $89.82, for a total transaction of $4,989,411.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joanne Mason sold 1,726 shares of the company’s stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $87.74, for a total transaction of $151,439.24. The disclosure for this sale can be found here. Insiders have sold 210,253 shares of company stock valued at $19,141,381 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. ELM Advisors LLC acquired a new stake in shares of DXC Technology in the third quarter valued at about $105,000. Fort L.P. acquired a new stake in shares of DXC Technology in the second quarter valued at about $120,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of DXC Technology by 17,477.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,582 shares of the company’s stock valued at $128,000 after buying an additional 1,573 shares during the last quarter. Security National Trust Co. acquired a new stake in shares of DXC Technology in the second quarter valued at about $161,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of DXC Technology in the first quarter valued at about $212,000. Institutional investors own 85.16% of the company’s stock.

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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Earnings History and Estimates for DXC Technology (NYSE:DXC)

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