Analysts forecast that DXC Technology Company. (NYSE:DXC) will post sales of $5.95 billion for the current quarter, according to Zacks. Six analysts have issued estimates for DXC Technology Company.’s earnings, with the lowest sales estimate coming in at $5.88 billion and the highest estimate coming in at $6.13 billion. DXC Technology Company. posted sales of $1.93 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 208.3%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, August 8th.

On average, analysts expect that DXC Technology Company. will report full-year sales of $5.95 billion for the current year, with estimates ranging from $24.00 billion to $24.49 billion. For the next fiscal year, analysts expect that the business will post sales of $24.00 billion per share, with estimates ranging from $23.51 billion to $24.37 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for DXC Technology Company..

DXC Technology Company. (NYSE:DXC) last issued its earnings results on Thursday, May 25th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.32. DXC Technology Company. had a positive return on equity of 19.87% and a negative net margin of 1.62%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.95 billion.

DXC has been the subject of several analyst reports. Zacks Investment Research lowered DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 target price on shares of DXC Technology Company. in a research note on Monday, May 15th. Cantor Fitzgerald restated a “hold” rating and set a $75.00 price target on shares of DXC Technology Company. in a research note on Friday, May 26th. KeyCorp upgraded DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 price target for the company in a research note on Friday, July 21st. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $90.00 price target on shares of DXC Technology Company. in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. DXC Technology Company. presently has a consensus rating of “Buy” and a consensus price target of $87.30.

In other news, EVP Michael G. Nefkens sold 50,132 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $80.04, for a total transaction of $4,012,565.28. Following the completion of the sale, the executive vice president now directly owns 9,961 shares of the company’s stock, valued at approximately $797,278.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Hilton sold 5,052 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $74.82, for a total value of $377,990.64. Following the sale, the executive vice president now directly owns 2,574 shares of the company’s stock, valued at $192,586.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,936 shares of company stock worth $19,995,452. 1.30% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of DXC Technology Company. during the second quarter valued at approximately $932,573,000. Bank of New York Mellon Corp raised its stake in shares of DXC Technology Company. by 66,828.2% in the second quarter. Bank of New York Mellon Corp now owns 2,494,414 shares of the company’s stock valued at $191,371,000 after buying an additional 2,490,687 shares in the last quarter. Geode Capital Management LLC purchased a new stake in shares of DXC Technology Company. during the first quarter valued at about $89,787,000. Goldman Sachs Group Inc. purchased a new stake in shares of DXC Technology Company. during the first quarter valued at about $115,847,000. Finally, Legal & General Group Plc purchased a new stake in shares of DXC Technology Company. during the second quarter valued at about $112,110,000. 51.07% of the stock is owned by institutional investors and hedge funds.

Shares of DXC Technology Company. (DXC) opened at 78.72 on Monday. The firm’s market capitalization is $11.12 billion. DXC Technology Company. has a 52 week low of $64.06 and a 52 week high of $80.83. The firm has a 50 day moving average price of $77.71 and a 200-day moving average price of $73.38.

The business also recently declared a special dividend, which was paid on Tuesday, July 11th. Stockholders of record on Tuesday, June 13th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, June 9th. DXC Technology Company.’s payout ratio is -67.42%.

ILLEGAL ACTIVITY WARNING: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/08/07/5-95-billion-in-sales-expected-for-dxc-technology-company-nysedxc-this-quarter.html.

Get a free copy of the Zacks research report on DXC Technology Company. (DXC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for DXC Technology Company. (NYSE:DXC)

Receive News & Ratings for DXC Technology Company. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology Company. and related companies with MarketBeat.com's FREE daily email newsletter.