DXC Technology Co (NYSE:DXC) Expected to Announce Quarterly Sales of $4.90 Billion

Equities research analysts expect that DXC Technology Co (NYSE:DXC) will report $4.90 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for DXC Technology’s earnings. The lowest sales estimate is $4.89 billion and the highest is $4.91 billion. DXC Technology posted sales of $5.18 billion during the same quarter last year, which suggests a negative year over year growth rate of 5.4%. The company is expected to announce its next earnings report on Thursday, February 6th.

According to Zacks, analysts expect that DXC Technology will report full year sales of $19.63 billion for the current fiscal year, with estimates ranging from $19.57 billion to $19.67 billion. For the next year, analysts forecast that the company will post sales of $18.86 billion, with estimates ranging from $17.08 billion to $19.90 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover DXC Technology.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Monday, November 11th. The company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.06). DXC Technology had a positive return on equity of 18.89% and a negative net margin of 6.04%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the prior year, the company posted $2.02 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year.

A number of analysts have recently weighed in on DXC shares. TheStreet lowered DXC Technology from a “c-” rating to a “d+” rating in a research report on Monday, November 11th. Stifel Nicolaus cut their price objective on DXC Technology from $46.00 to $37.00 and set a “hold” rating on the stock in a research report on Wednesday, August 28th. Moffett Nathanson cut their price objective on DXC Technology from $43.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. Cantor Fitzgerald dropped their target price on DXC Technology from $42.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. dropped their target price on DXC Technology from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $49.57.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in DXC Technology by 23.2% in the second quarter. Vanguard Group Inc. now owns 25,403,686 shares of the company’s stock valued at $1,401,012,000 after buying an additional 4,785,824 shares during the last quarter. Maverick Capital Ltd. boosted its stake in DXC Technology by 51.0% in the third quarter. Maverick Capital Ltd. now owns 10,957,976 shares of the company’s stock valued at $323,260,000 after acquiring an additional 3,703,155 shares in the last quarter. Invesco Ltd. boosted its stake in DXC Technology by 133.7% in the second quarter. Invesco Ltd. now owns 4,199,338 shares of the company’s stock valued at $231,593,000 after acquiring an additional 2,402,773 shares in the last quarter. Putnam Investments LLC boosted its stake in DXC Technology by 1.4% in the second quarter. Putnam Investments LLC now owns 4,041,939 shares of the company’s stock valued at $222,913,000 after acquiring an additional 56,096 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in DXC Technology by 23.4% in the second quarter. Prudential Financial Inc. now owns 3,308,632 shares of the company’s stock valued at $182,471,000 after acquiring an additional 626,625 shares in the last quarter. 87.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DXC Technology stock traded up $0.12 during trading hours on Friday, reaching $37.52. 2,919,540 shares of the company were exchanged, compared to its average volume of 3,952,203. DXC Technology has a 1 year low of $26.02 and a 1 year high of $69.45. The stock’s fifty day moving average is $33.73 and its 200 day moving average is $40.18. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $9.57 billion, a PE ratio of 4.50, a PEG ratio of 1.74 and a beta of 2.03.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Wednesday, December 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, December 3rd. DXC Technology’s dividend payout ratio (DPR) is presently 10.07%.

About DXC Technology

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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