Brokerages Expect DXC Technology (DXC) Will Announce Earnings of $1.98 Per Share
Equities research analysts expect DXC Technology (NYSE:DXC) to announce $1.98 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for DXC Technology’s earnings, with estimates ranging from $1.90 to $2.04. DXC Technology posted earnings per share of $0.81 in the same quarter last year, which suggests a positive year-over-year growth rate of 144.4%. The company is expected to report its next quarterly earnings results on Thursday, February 1st.
According to Zacks, analysts expect that DXC Technology will report full year earnings of $7.45 per share for the current financial year, with EPS estimates ranging from $6.76 to $7.65. For the next financial year, analysts forecast that the business will report earnings of $8.63 per share, with EPS estimates ranging from $8.32 to $9.08. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow DXC Technology.
DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.40. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The firm’s quarterly revenue was up 229.4% on a year-over-year basis.
DXC Technology (NYSE DXC) opened at $94.95 on Thursday. The stock has a market capitalization of $27,320.18, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.22 and a beta of 1.04. DXC Technology has a 1-year low of $67.76 and a 1-year high of $99.44. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.76%. DXC Technology’s dividend payout ratio (DPR) is 122.03%.
In other news, EVP Michael G. Nefkens sold 35,340 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Westside Investment Management Inc. grew its position in shares of DXC Technology by 3.4% in the second 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. Seven Eight Capital LP grew its position in shares of DXC Technology by 3.7% in the second quarter. Seven Eight Capital LP now owns 6,195 shares of the company’s stock valued at $475,000 after purchasing an additional 219 shares during the period. ETRADE Capital Management LLC grew its position in shares of DXC Technology by 11.8% in the third quarter. ETRADE Capital Management LLC now owns 5,061 shares of the company’s stock valued at $435,000 after purchasing an additional 535 shares during the period. Mn Services Vermogensbeheer B.V. grew its position in shares of DXC Technology by 1.3% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 46,749 shares of the company’s stock valued at $4,015,000 after purchasing an additional 600 shares during the period. Finally, Fagan Associates Inc. grew its position in shares of DXC Technology by 13.5% in the third quarter. Fagan Associates Inc. now owns 6,229 shares of the company’s stock valued at $535,000 after purchasing an additional 739 shares during the period. 84.76% of the stock is owned by institutional investors and hedge funds.
DXC Technology 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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