KeyCorp Weighs in on DXC Technology’s FY2018 Earnings (DXC)

DXC Technology (NYSE:DXC) – Equities research analysts at KeyCorp boosted their FY2018 EPS estimates for shares of DXC Technology in a research note issued to investors on Thursday. KeyCorp analyst A. Ramnani now forecasts that the company will earn $7.89 per share for the year, up from their prior estimate of $7.55. KeyCorp currently has a “Overweight” rating and a $116.00 target price on the stock. KeyCorp also issued estimates for DXC Technology’s Q4 2018 earnings at $2.22 EPS, Q1 2019 earnings at $1.89 EPS, Q2 2019 earnings at $2.15 EPS, Q3 2019 earnings at $2.46 EPS, Q4 2019 earnings at $2.30 EPS and FY2019 earnings at $8.80 EPS.

DXC has been the subject of several other reports. BMO Capital Markets lifted their price objective on DXC Technology from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. SunTrust Banks boosted their price target on DXC Technology to $100.00 and gave the company a “hold” rating in a report on Monday, November 13th. Deutsche Bank boosted their price target on DXC Technology from $90.00 to $100.00 and gave the company a “hold” rating in a report on Friday. Evercore ISI initiated coverage on DXC Technology in a report on Tuesday, October 17th. They issued an “outperform” rating and a $115.00 price target for the company. Finally, Citigroup reiterated a “buy” rating and issued a $117.00 price target (up from $107.00) on shares of DXC Technology in a report on Thursday, January 18th. Five 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. The stock currently has an average rating of “Buy” and an average target price of $102.94.

DXC Technology (DXC) opened at $96.99 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 0.99. DXC Technology has a 12-month low of $67.76 and a 12-month high of $102.95. The stock has a market capitalization of $27,708.87, a P/E ratio of 31.70, a P/E/G ratio of 1.19 and a beta of 1.04.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $6.19 billion. The firm’s quarterly revenue was up 222.7% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in DXC. Investec Asset Management LTD increased its holdings in shares of DXC Technology by 153.8% during the 3rd quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock worth $329,398,000 after buying an additional 2,324,095 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of DXC Technology by 319,135.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 2,049,489 shares of the company’s stock worth $194,497,000 after buying an additional 2,048,847 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of DXC Technology by 67.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock worth $341,768,000 after buying an additional 1,619,573 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of DXC Technology during the 3rd quarter worth $89,196,000. Finally, Janus Henderson Group PLC increased its holdings in shares of DXC Technology by 27.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock worth $279,377,000 after buying an additional 699,026 shares during the last quarter. Institutional investors and hedge funds own 84.62% of the company’s stock.

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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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