DXC Technology (DXC) Forecasted to Earn FY2018 Earnings of $7.72 Per Share

DXC Technology (NYSE:DXC) – Equities researchers at SunTrust Banks upped their FY2018 earnings estimates for shares of DXC Technology in a report issued on Thursday. SunTrust Banks analyst F. Atkins now anticipates that the company will post earnings per share of $7.72 for the year, up from their previous estimate of $7.57. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for DXC Technology’s Q1 2019 earnings at $1.96 EPS and Q3 2019 earnings at $2.31 EPS.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley increased their target price on DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Citigroup increased their target price on DXC Technology to $107.00 in a research note on Wednesday, November 8th. Evercore ISI began coverage on DXC Technology in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $115.00 target price on the stock. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $93.00 target price on shares of DXC Technology in a research note on Wednesday, November 8th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. DXC Technology has a consensus rating of “Buy” and a consensus price target of $102.94.

Shares of DXC Technology (NYSE:DXC) opened at $96.99 on Monday. DXC Technology has a 12 month low of $67.76 and a 12 month high of $102.95. The company has a market capitalization of $27,708.87, a price-to-earnings ratio of 14.22, a PEG ratio of 1.19 and a beta of 1.04. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 0.48.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, February 8th. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.16. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.19 billion. DXC Technology’s quarterly revenue was up 222.7% on a year-over-year basis.

Large investors have recently made changes to their positions in the company. Stuart Chaussee & Associates Inc. bought a new position in shares of DXC Technology during the fourth quarter valued at $100,000. Calton & Associates Inc. bought a new position in shares of DXC Technology during the fourth quarter valued at $112,000. Advisory Services Network LLC bought a new position in shares of DXC Technology during the second quarter valued at $101,000. Cerebellum GP LLC bought a new position in shares of DXC Technology during the fourth quarter valued at $130,000. Finally, Patten Group Inc. bought a new position in DXC Technology in the third quarter valued at about $320,000. 84.62% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for DXC Technology (NYSE:DXC)

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