Q1 2019 EPS Estimates for DXC Technology Company. (DXC) Raised by Analyst
DXC Technology Company. (NYSE:DXC) – Analysts at SunTrust Banks boosted their Q1 2019 EPS estimates for shares of DXC Technology Company. in a research report issued on Sunday. SunTrust Banks analyst F. Atkins now forecasts that the company will earn $1.97 per share for the quarter, up from their prior estimate of $1.81. SunTrust Banks has a “Hold” rating and a $100.00 price target on the stock. SunTrust Banks also issued estimates for DXC Technology Company.’s Q2 2019 earnings at $2.07 EPS, Q3 2019 earnings at $2.30 EPS and FY2019 earnings at $8.59 EPS.
A number of other brokerages have also recently commented on DXC. Barclays PLC raised their price objective on shares of DXC Technology Company. from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. KeyCorp reaffirmed an “overweight” rating and set a $99.00 price objective (up previously from $92.00) on shares of DXC Technology Company. in a research note on Monday, October 9th. Jefferies Group LLC raised their price objective on shares of DXC Technology Company. from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Cantor Fitzgerald reiterated a “hold” rating and set a $79.00 target price on shares of DXC Technology Company. in a research report on Friday, August 11th. Finally, Citigroup Inc. increased their target price on DXC Technology Company. from $97.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $99.59.
COPYRIGHT VIOLATION NOTICE: This piece was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/14/q1-2019-eps-estimates-for-dxc-technology-company-dxc-raised-by-analyst.html.
Shares of DXC Technology Company. (DXC) traded up $0.86 during midday trading on Tuesday, hitting $96.80. 1,902,700 shares of the stock were exchanged, compared to its average volume of 1,972,724. The firm has a market cap of $27,368.68, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.67 and a beta of 1.01. DXC Technology Company. has a twelve month low of $67.76 and a twelve month high of $99.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51.
DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.40. The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology Company. had a net margin of 1.88% and a return on equity of 17.83%. The business’s revenue was up 229.4% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new position in DXC Technology Company. in the 2nd quarter valued at $101,000. Hanson McClain Inc. purchased a new position in DXC Technology Company. in the 2nd quarter valued at $105,000. Pinebridge Investments L.P. purchased a new position in DXC Technology Company. in the 2nd quarter valued at $106,000. Cribstone Capital Management LLC lifted its holdings in DXC Technology Company. by 4.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock valued at $108,000 after purchasing an additional 63 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in DXC Technology Company. in the 2nd quarter valued at $109,000. Institutional investors own 85.91% of the company’s stock.
In other DXC Technology Company. news, EVP Michael G. Nefkens sold 35,340 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total value of $3,251,280.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.74%. DXC Technology Company.’s payout ratio is currently 122.03%.
DXC Technology Company. Company Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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.