DXC Technology (DXC) to Release Earnings on Wednesday
DXC Technology (NYSE:DXC - Get Rating) is scheduled to release its earnings data after the market closes on Wednesday, February 1st. Analysts expect DXC Technology to post earnings of $0.84 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.
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DXC Technology (NYSE:DXC - Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.03. DXC Technology had a net margin of 4.93% and a return on equity of 15.59%. The business had revenue of $3.57 billion during the quarter, compared to analysts' expectations of $3.56 billion. On average, analysts expect DXC Technology to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.
DXC Technology Trading Down 0.6 %
Shares of DXC opened at $28.11 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $27.86 and a 200-day simple moving average of $27.65. DXC Technology has a 1-year low of $22.65 and a 1-year high of $39.65. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 0.67 and a beta of 1.92.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on DXC. BMO Capital Markets dropped their price objective on shares of DXC Technology from $36.00 to $33.00 and set an "outperform" rating for the company in a research note on Friday, November 4th. JPMorgan Chase & Co. raised shares of DXC Technology from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $31.00 to $33.00 in a research note on Thursday, December 15th. Moffett Nathanson cut shares of DXC Technology from a "market perform" rating to an "underperform" rating and lowered their target price for the stock from $32.00 to $28.00 in a research note on Thursday, January 19th. Morgan Stanley lowered their target price on shares of DXC Technology from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Friday. Finally, Royal Bank of Canada lifted their target price on shares of DXC Technology from $34.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, November 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, DXC Technology currently has a consensus rating of "Hold" and a consensus price target of $34.25.
Insider Buying and Selling at DXC Technology
In related news, Director Raul J. Fernandez sold 10,000 shares of DXC Technology stock in a transaction on Friday, November 11th. The shares were sold at an average price of $29.39, for a total transaction of $293,900.00. Following the transaction, the director now owns 52,092 shares in the company, valued at approximately $1,530,983.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DXC Technology news, Director Raul J. Fernandez sold 5,000 shares of the business's stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $29.75, for a total value of $148,750.00. Following the transaction, the director now owns 47,092 shares in the company, valued at approximately $1,400,987. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raul J. Fernandez sold 10,000 shares of the business's stock in a transaction on Friday, November 11th. The stock was sold at an average price of $29.39, for a total transaction of $293,900.00. Following the completion of the transaction, the director now owns 52,092 shares in the company, valued at approximately $1,530,983.88. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.
Hedge Funds Weigh In On DXC Technology
Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of DXC Technology by 993.5% in the 2nd quarter. Millennium Management LLC now owns 682,855 shares of the company's stock worth $20,697,000 after purchasing an additional 620,408 shares during the last quarter. Weiss Multi Strategy Advisers LLC increased its position in shares of DXC Technology by 46.0% in the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 547,416 shares of the company's stock worth $17,862,000 after purchasing an additional 172,366 shares during the last quarter. Prudential Financial Inc. increased its position in shares of DXC Technology by 56.1% in the 1st quarter. Prudential Financial Inc. now owns 341,737 shares of the company's stock worth $11,151,000 after purchasing an additional 122,753 shares during the last quarter. BNP Paribas Arbitrage SNC increased its position in shares of DXC Technology by 20.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 651,964 shares of the company's stock worth $15,960,000 after purchasing an additional 110,632 shares during the last quarter. Finally, Eaton Vance Management increased its position in shares of DXC Technology by 583.6% in the 1st quarter. Eaton Vance Management now owns 115,603 shares of the company's stock worth $3,773,000 after purchasing an additional 98,693 shares during the last quarter. Institutional investors and hedge funds own 89.19% of the company's stock.
DXC Technology Company Profile
DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate the digital transformations that are tailored to each client's specific objectives.
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