DXC Technology (NYSE:DXC) – Analysts at Cantor Fitzgerald issued their FY2019 earnings estimates for shares of DXC Technology in a note issued to investors on Monday, Zacks Investment Research reports. Cantor Fitzgerald analyst J. Foresi forecasts that the company will post earnings of $8.75 per share for the year. Cantor Fitzgerald has a “Hold” rating and a $93.00 price target on the stock.
DXC Technology (NYSE:DXC) last announced its earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.40. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.07 billion. The company’s revenue was up 229.4% on a year-over-year basis.
DXC has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research report on Tuesday, October 10th. KeyCorp reiterated an “overweight” rating and set a $99.00 price target (up previously from $92.00) on shares of DXC Technology in a research report on Monday, October 9th. Citigroup increased their price target on shares of DXC Technology from $97.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Morgan Stanley reiterated an “overweight” rating and set a $104.00 price target (up previously from $86.00) on shares of DXC Technology in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $87.00 price target on shares of DXC Technology in a research report on Friday, October 13th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $101.53.
Shares of DXC Technology (NYSE:DXC) traded up $0.20 during trading hours on Wednesday, hitting $101.29. 1,153,171 shares of the company’s stock were exchanged, compared to its average volume of 1,362,644. DXC Technology has a 1 year low of $67.76 and a 1 year high of $102.71. The firm has a market cap of $28,840.00 and a price-to-earnings ratio of 170.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00.
A number of institutional investors have recently modified their holdings of the business. Pointe Capital Management LLC acquired a new stake in DXC Technology in the fourth quarter valued at approximately $265,000. Boyd Watterson Asset Management LLC OH acquired a new stake in DXC Technology in the fourth quarter valued at approximately $402,000. Jaffetilchin Investment Partners LLC acquired a new stake in DXC Technology in the fourth quarter valued at approximately $859,000. Chesley Taft & Associates LLC acquired a new stake in DXC Technology in the fourth quarter valued at approximately $1,130,000. Finally, Washington Trust Bank boosted its position in DXC Technology by 10,252.8% in the fourth quarter. Washington Trust Bank now owns 62,738 shares of the company’s stock valued at $5,954,000 after buying an additional 62,132 shares in the last quarter. Hedge funds and other institutional investors own 84.66% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.71%.
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 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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