Dell Technologies Inc. (DVMT) Posts Earnings Results, Beats Estimates By $0.79 EPS
Dell Technologies Inc. (NYSE:DVMT) released its quarterly earnings data on Thursday. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.79, Morningstar.com reports. Dell Technologies had a positive return on equity of 16.36% and a negative net margin of 4.56%.
Dell Technologies (NYSE:DVMT) traded down 0.07% during trading on Thursday, reaching $74.63. The company had a trading volume of 825,380 shares. The company’s market capitalization is $57.61 billion. Dell Technologies has a 52-week low of $46.64 and a 52-week high of $75.34. The company has a 50 day moving average price of $67.15 and a 200 day moving average price of $65.11.
In related news, CEO Michael S. Dell acquired 44,672 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were purchased at an average cost of $25.60 per share, for a total transaction of $1,143,603.20. Following the acquisition, the chief executive officer now owns 335,043 shares in the company, valued at approximately $8,577,100.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David I. Goulden sold 4,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $67.00, for a total transaction of $314,900.00. Following the completion of the transaction, the insider now owns 42,055 shares in the company, valued at $2,817,685. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 91,297 shares of company stock worth $2,520,756 and sold 17,400 shares worth $1,103,371. Insiders own 45.00% of the company’s stock.
Separately, BidaskClub upgraded Dell Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 2nd.
WARNING: “Dell Technologies Inc. (DVMT) Posts Earnings Results, Beats Estimates By $0.79 EPS” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/09/07/dell-technologies-inc-dvmt-posts-earnings-results-beats-estimates-by-0-79-eps.html.
Dell Technologies Company Profile
Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.
Receive News & Ratings for Dell Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.