DXC Technology Company. (NYSE:DXC) Issues Quarterly Earnings Results, Beats Expectations By $0.34 EPS
DXC Technology Company. (NYSE:DXC) posted its quarterly earnings data on Tuesday. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.25 by $0.34, Bloomberg Earnings reports. DXC Technology Company. had a negative net margin of 1.62% and a positive return on equity of 19.87%.
Shares of DXC Technology Company. (NYSE:DXC) traded down 1.75% during midday trading on Tuesday, reaching $77.49. 2,747,431 shares of the company’s stock traded hands. DXC Technology Company. has a 12 month low of $45.37 and a 12 month high of $80.83. The stock’s market cap is $10.95 billion. The stock has a 50 day moving average of $78.01 and a 200-day moving average of $73.49.
The firm also recently declared a special dividend, which was paid on Tuesday, July 11th. Shareholders 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 dividend payout ratio (DPR) is presently -67.42%.
Several equities research analysts recently commented on DXC shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $87.00 price objective on shares of DXC Technology Company. in a research report on Friday, May 5th. Morgan Stanley raised shares of DXC Technology Company. from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $85.00 in a research report on Tuesday, July 4th. J P Morgan Chase & Co began coverage on shares of DXC Technology Company. in a research report on Wednesday, April 19th. They set an “overweight” rating and a $90.00 price target on the stock. Goldman Sachs Group, Inc. (The) raised shares of DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and boosted their price target for the stock from $85.00 to $90.00 in a research report on Tuesday, May 9th. Finally, Zacks Investment Research cut shares of DXC Technology Company. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. 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 given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $87.30.
In other DXC Technology Company. news, EVP Michael G. Nefkens sold 128,328 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $80.03, for a total value of $10,270,089.84. Following the transaction, the executive vice president now directly owns 25,447 shares of the company’s stock, valued at $2,036,523.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Hilton sold 5,052 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $74.82, for a total transaction of $377,990.64. Following the completion of the transaction, the executive vice president now directly owns 2,574 shares in the company, valued at $192,586.68. The disclosure for this sale can be found here. Insiders sold 251,936 shares of company stock worth $19,995,452 over the last ninety days. Insiders own 1.30% of the company’s stock.
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.