Dell (DELL) Releases Earnings Results, Beats Expectations By $0.30 EPS

Dell (NASDAQ:DELL) issued its quarterly earnings results on Thursday. The technology company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.30, Briefing.com reports. The company had revenue of $21.91 billion for the quarter, compared to analyst estimates of $22.24 billion. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. Dell’s revenue for the quarter was up 2.6% on a year-over-year basis.

Shares of NASDAQ DELL opened at $66.41 on Friday. The company has a market cap of $47.16 billion, a price-to-earnings ratio of 10.76 and a beta of 0.47. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.82 and a current ratio of 0.90. Dell has a twelve month low of $42.02 and a twelve month high of $70.55.

DELL has been the topic of a number of research reports. Zacks Investment Research lowered Dell from a “buy” rating to a “hold” rating in a report on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on Dell from $68.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Citigroup restated a “buy” rating and issued a $70.00 price target (up from $55.00) on shares of Dell in a report on Friday, March 1st. BMO Capital Markets boosted their price target on Dell from $48.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, March 4th. Finally, Morgan Stanley boosted their price target on Dell from $49.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, February 28th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $64.91.

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Dell Company Profile

Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.

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Earnings History for Dell (NASDAQ:DELL)

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