Dell (NASDAQ:DELL) Issues Earnings Results

Dell (NASDAQ:DELL) announced its quarterly earnings results on Thursday. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.69, Briefing.com reports. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. The company had revenue of $23.37 billion during the quarter, compared to analyst estimates of $23.32 billion. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year.

Shares of Dell stock opened at $51.09 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 2.81. The firm has a market cap of $32.77 billion, a price-to-earnings ratio of 8.28 and a beta of 0.47. The business has a fifty day simple moving average of $51.84 and a 200-day simple moving average of $57.30. Dell has a fifty-two week low of $42.02 and a fifty-two week high of $70.55.

In other news, insider Howard D. Elias sold 7,702 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $46.74, for a total value of $359,991.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maya Mcreynolds sold 3,099 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $55.00, for a total value of $170,445.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,599,179 shares of company stock valued at $83,688,997. Insiders own 46.00% of the company’s stock.

A number of research analysts have issued reports on the company. Deutsche Bank reduced their price target on Dell from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, August 19th. Evercore ISI assumed coverage on Dell in a research report on Wednesday, June 5th. They set an “outperform” rating and a $75.00 price target for the company. Credit Suisse Group reiterated a “neutral” rating and set a $61.00 price target (up previously from $58.00) on shares of Dell in a research report on Friday. Barclays assumed coverage on Dell in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $53.00 price target for the company. Finally, Morgan Stanley reduced their price target on Dell from $70.00 to $56.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $62.50.

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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