Equities research analysts expect DXC Technology (NYSE:DXC) to report $6.12 billion in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for DXC Technology’s earnings. The lowest sales estimate is $6.04 billion and the highest is $6.21 billion. DXC Technology posted sales of $1.89 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 223.8%. The business is scheduled to issue its next earnings results on Thursday, May 24th.
According to Zacks, analysts expect that DXC Technology will report full-year sales of $6.12 billion for the current financial year, with estimates ranging from $24.30 billion to $24.47 billion. For the next year, analysts expect that the company will report sales of $24.25 billion per share, with estimates ranging from $23.80 billion to $24.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow DXC Technology.
DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, February 8th. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.99 by $0.16. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.19 billion. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The company’s revenue for the quarter was up 222.7% on a year-over-year basis.
Several research firms have commented on DXC. BMO Capital Markets lifted their price target on DXC Technology from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. SunTrust Banks lifted their price target on DXC Technology to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 13th. Deutsche Bank lifted their price target on DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. KeyCorp lifted their price target on DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 9th. Finally, Citigroup reaffirmed a “buy” rating and set a $117.00 price target (up previously from $107.00) on shares of DXC Technology in a research report on Thursday, January 18th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $103.33.
DXC Technology (NYSE:DXC) opened at $100.67 on Wednesday. The company has a market capitalization of $28,800.00 and a P/E ratio of 32.95. DXC Technology has a 12-month low of $67.76 and a 12-month high of $102.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.99 and a current ratio of 0.99.
Large investors have recently added to or reduced their stakes in the company. Stuart Chaussee & Associates Inc. acquired a new position in shares of DXC Technology in the fourth quarter valued at approximately $100,000. Calton & Associates Inc. acquired a new position in shares of DXC Technology in the fourth quarter valued at approximately $112,000. Financial Gravity Companies Inc. acquired a new position in shares of DXC Technology in the fourth quarter valued at approximately $130,000. Advisory Services Network LLC acquired a new position in shares of DXC Technology in the second quarter valued at approximately $101,000. Finally, Cerebellum GP LLC acquired a new position in shares of DXC Technology in the fourth quarter valued at approximately $130,000. 85.61% of the stock is currently owned by institutional investors and hedge funds.
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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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