DXC Technology (NYSE:DXC) – KeyCorp lifted their Q3 2018 earnings per share (EPS) estimates for DXC Technology in a research note issued to investors on Monday. KeyCorp analyst A. Ramnani now forecasts that the company will post earnings of $1.99 per share for the quarter, up from their previous estimate of $1.90. KeyCorp has a “Overweight” rating and a $116.00 price objective on the stock. KeyCorp also issued estimates for DXC Technology’s Q4 2018 earnings at $2.04 EPS and FY2018 earnings at $7.55 EPS.
DXC Technology (NYSE:DXC) last issued 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. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.07 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The business’s revenue for the quarter was up 229.4% compared to the same quarter last year.
Several other brokerages also recently weighed in on DXC. Barclays increased their price target on DXC Technology from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Cantor Fitzgerald increased their price target on DXC Technology from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Citigroup increased their price target on DXC Technology from $97.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Friday, October 20th. Finally, Stifel Nicolaus increased their price target on DXC Technology from $86.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $101.53.
Shares of DXC Technology (DXC) traded down $0.14 on Wednesday, reaching $101.09. The company’s stock had a trading volume of 1,281,500 shares, compared to its average volume of 1,388,838. The firm has a market cap of $28,840.00 and a P/E ratio of 170.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.00. DXC Technology has a 12 month low of $67.76 and a 12 month high of $102.71.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, December 5th.
Several large investors have recently bought and sold shares of DXC. Oppenheimer Asset Management Inc. acquired a new stake in shares of DXC Technology during the 2nd quarter valued at about $109,000. Fiduciary Trust Co. acquired a new stake in shares of DXC Technology during the 2nd quarter valued at about $173,000. Schroder Investment Management Group acquired a new stake in shares of DXC Technology during the 2nd quarter valued at about $204,000. Private Advisor Group LLC grew its position in shares of DXC Technology by 31.8% during the 2nd quarter. Private Advisor Group LLC now owns 5,418 shares of the company’s stock valued at $421,000 after acquiring an additional 1,308 shares during the period. Finally, Commonwealth Bank of Australia acquired a new stake in shares of DXC Technology during the 2nd quarter valued at about $2,518,000. Hedge funds and other institutional investors own 84.66% 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 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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