Equities analysts expect DXC Technology (NYSE: DXC – Get Rating) to post sales of $ 3.71 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have released estimates for DXC Technology’s revenue, with estimates ranging from $ 3.70 billion to $ 3.71 billion. DXC Technology reported sales of $ 4.14 billion in the same quarter last year, suggesting a negative year-on-year growth rate of 10.4%. The company is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect DXC Technology to report full-year sales of $ 14.93 billion for the current year, with estimates ranging from $ 14.91 billion to $ 14.97 billion. For next year, analysts expect the business to post sales of $ 15.20 billion, with estimates ranging from $ 14.91 billion to $ 15.70 billion. Zacks Investment Research’s sales calculations are typically based on a survey of sales -side analysts who provide coverage for DXC Technology.
DXC Technology (NYSE: DXC-Get Rating) last posted their quarterly earnings data on Wednesday, May 25. The company reported $ 0.84 earnings per share for the quarter, missing an estimated $ 0.99 at ($ 0.15). The business had revenue of $ 4.01 billion for the quarter, compared to the analyst’s estimated $ 4.12 billion. DXC Technology has a return on equity of 17.08% and a net margin of 4.41%. DXC Technology’s revenue for the quarter declined 8.6% on a year-on-year basis. During the same period last year, the company posted $ 0.74 EPS.
Several research analysts have recently issued reports on the part of DXC. Susquehanna lowered their price target on shares of DXC Technology from $ 42.00 to $ 41.00 in a research note on Thursday. Zacks Investment Research upgraded shares of DXC Technology from a “sell” rating to a “hold” rating and set a $ 36.00 stock price target in a report on Friday. Submitted by JPMorgan Chase & Co. their target price on DXC Technology shares ranged from $ 41.00 to $ 39.00 and set an “underweight” rating for the company in a research report on Tuesday, March 22nd. Cowen lowered their price target on shares of DXC Technology from $ 45.00 to $ 43.00 in a research report on Thursday. Finally, Royal Bank of Canada dropped their target price on shares of DXC Technology from $ 47.00 to $ 39.00 in a research note on Thursday. Two research analysts rated the stock with a sell rating, three issued a hold rating and eight issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $ 39.93.
Shares of NYSE DXC traded at $ 0.92 during mid-day trading on Thursday, hitting $ 35.08. The company has a trading volume of 2,323,672 shares, compared to the average volume of 2,394,892. DXC Technology has a one -year low of $ 27.28 and a one -year high of $ 44.18. The company has a market capitalization of $ 8.58 billion, PE ratio of 12.31, price-to-earnings-growth ratio of 0.32 and beta of 2.15. The company has a 50 day simple moving average of $ 30.75 and a two hundred day simple moving average of $ 31.88. The company has a current ratio of 1.09, a quick fix ratio of 1.12 and a debt-to-equity ratio of 0.76.
Many hedge funds and other institutional investors have recently converted their assets to DXC. Franklin Resources Inc. grew its assets in DXC Technology by 25.2% in the 3rd quarter. Franklin Resources Inc. already has 16,568,171 shares of the company’s stock valued at $ 556,855,000 after buying an additional 3,329,558 shares last quarter. UBS Asset Management Americas Inc. raised its position in DXC Technology by 3.7% during the third quarter. UBS Asset Management Americas Inc. now owns 717,698 shares of the company’s stock worth $ 24,122,000 after buying an additional 25,601 shares last quarter. AlphaCrest Capital Management LLC increased its position in DXC Technology by 46.5% in the third quarter. AlphaCrest Capital Management LLC now owns 8,602 shares of the company’s stock worth $ 289,000 after buying an additional 2,730 shares last quarter. The New York State Teachers Retirement System raised its position in shares of DXC Technology by 0.9% in the fourth quarter. The New York State Teachers Retirement System now owns 306,822 shares of the company’s stock worth $ 9,877,000 after buying an additional 2,603 shares last quarter. Finally, Savant Capital LLC acquired a new stake in shares of DXC Technology in the fourth quarter worth about $ 309,000. 89.41% of the stock is owned by institutional investors.
Company Profile of DXC Technology (Get a Rating)
DXC Technology Company, along with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two parts, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and an extensive partner ecosystem that helps its customers gain fast insights, automate operations, and facilitate their digital transformation journeys. o; and software engineering and solutions that enable businesses to operate and manage their mission-critical functions, streamline their operations, and develop new ways of doing business.
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