Analysts forecast that Dell Technologies Inc (NYSE:DVMT) will post earnings per share of $1.35 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Dell Technologies’ earnings. Dell Technologies reported earnings of $1.88 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 28.2%. The firm is expected to report its next earnings report on Thursday, September 6th.
According to Zacks, analysts expect that Dell Technologies will report full year earnings of $6.11 per share for the current financial year. For the next financial year, analysts forecast that the business will post earnings of $6.87 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Dell Technologies.
DVMT has been the topic of several research analyst reports. Deutsche Bank initiated coverage on Dell Technologies in a research note on Wednesday, February 28th. They set a “buy” rating and a $114.00 price target on the stock. Wells Fargo & Co initiated coverage on Dell Technologies in a research note on Wednesday, February 28th. They set an “outperform” rating on the stock. Stifel Nicolaus lowered Dell Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. ValuEngine lowered Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Zacks Investment Research raised Dell Technologies from a “hold” rating to a “strong-buy” rating and set a $83.00 price target on the stock in a research note on Tuesday, May 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $103.00.
Large investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC lifted its stake in Dell Technologies by 1,169.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,434 shares of the company’s stock valued at $105,000 after buying an additional 1,321 shares in the last quarter. We Are One Seven LLC purchased a new stake in Dell Technologies in the 4th quarter valued at approximately $137,000. Mariner LLC purchased a new stake in Dell Technologies in the 1st quarter valued at approximately $213,000. Investors Research Corp purchased a new stake in Dell Technologies in the 4th quarter valued at approximately $225,000. Finally, Roberts Glore & Co. Inc. IL lifted its stake in Dell Technologies by 31.0% in the 1st quarter. Roberts Glore & Co. Inc. IL now owns 3,566 shares of the company’s stock valued at $261,000 after buying an additional 843 shares in the last quarter. 22.74% of the stock is currently owned by institutional investors and hedge funds.
NYSE DVMT traded up $1.19 on Thursday, hitting $85.19. 76,870 shares of the company’s stock were exchanged, compared to its average volume of 1,797,082. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 2.64. Dell Technologies has a fifty-two week low of $59.92 and a fifty-two week high of $92.40. The stock has a market capitalization of $66.52 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.56 and a beta of -0.33.
Dell Technologies Company Profile
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide. It operates through three segments: Client Solutions Group (CSG), Infrastructure Solutions Group (ISG), and VMware. The CSG segment offers hardware, such as desktop personal computers, notebooks, and workstations; and branded peripherals, including monitors and projectors; third-party software and peripherals; and attached software, peripherals, and services comprising support and deployment, configuration, and extended warranty services.
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