Q3 2018 EPS Estimates for DXC Technology Company. (DXC) Lifted by SunTrust Banks
DXC Technology Company. (NYSE:DXC) – SunTrust Banks increased their Q3 2018 earnings estimates for shares of DXC Technology Company. in a note issued to investors on Sunday. SunTrust Banks analyst F. Atkins now forecasts that the company will earn $1.99 per share for the quarter, up from their prior forecast of $1.79. SunTrust Banks currently has a “Hold” rating and a $100.00 target price on the stock. SunTrust Banks also issued estimates for DXC Technology Company.’s Q4 2018 earnings at $2.05 EPS, FY2018 earnings at $7.56 EPS and Q4 2019 earnings at $2.26 EPS.
DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.40. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology Company. had a return on equity of 17.83% and a net margin of 1.88%. The firm’s revenue for the quarter was up 229.4% on a year-over-year basis.
Shares of DXC Technology Company. (NYSE:DXC) traded down $1.04 during mid-day trading on Wednesday, hitting $95.76. The company had a trading volume of 1,066,100 shares, compared to its average volume of 1,966,950. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $27,614.01, a PE ratio of 17.66, a P/E/G ratio of 1.66 and a beta of 1.01. DXC Technology Company. has a fifty-two week low of $67.76 and a fifty-two week high of $99.00.
A number of large investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. lifted its stake in shares of DXC Technology Company. by 3.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after purchasing an additional 50 shares during the period. Cribstone Capital Management LLC increased 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 worth $108,000 after acquiring an additional 63 shares in the last quarter. Seven Eight Capital LP grew its holdings in shares of DXC Technology Company. by 3.7% during the second quarter. Seven Eight Capital LP now owns 6,195 shares of the company’s stock worth $475,000 after buying an additional 219 shares in the last quarter. ETRADE Capital Management LLC grew its holdings in shares of DXC Technology Company. by 11.8% during the third quarter. ETRADE Capital Management LLC now owns 5,061 shares of the company’s stock worth $435,000 after buying an additional 535 shares in the last quarter. Finally, Fox Run Management L.L.C. grew its holdings in shares of DXC Technology Company. by 15.5% in the second quarter. Fox Run Management L.L.C. now owns 4,000 shares of the company’s stock valued at $307,000 after purchasing an additional 537 shares during the period. 85.91% of the stock is currently owned by institutional investors.
In other DXC Technology Company. news, EVP Michael G. Nefkens sold 35,340 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $92.00, for a total transaction of $3,251,280.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Tuesday, December 5th. DXC Technology Company.’s dividend payout ratio (DPR) is 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.
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