Cantor Fitzgerald Research Analysts Boost Earnings Estimates for DXC Technology (DXC)

DXC Technology (NYSE:DXC) – Equities researchers at Cantor Fitzgerald lifted their FY2018 earnings per share (EPS) estimates for shares of DXC Technology in a research report issued to clients and investors on Monday. Cantor Fitzgerald analyst J. Foresi now expects that the company will earn $7.75 per share for the year, up from their prior forecast of $7.50. Cantor Fitzgerald has a “Hold” rating and a $93.00 price objective on the stock. Cantor Fitzgerald also issued estimates for DXC Technology’s FY2019 earnings at $9.00 EPS.

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

A number of other analysts have also commented on DXC. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Tuesday. Deutsche Bank lifted their price target on DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets lifted their price target on DXC Technology from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley boosted their target price on DXC Technology from $104.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Finally, SunTrust Banks boosted their target price on DXC Technology to $100.00 and gave the company a “hold” rating in a research note on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $103.33.

Shares of DXC Technology (DXC) traded down $0.27 during trading on Tuesday, reaching $97.63. The company had a trading volume of 319,810 shares, compared to its average volume of 1,646,277. The company has a market capitalization of $27,970.00 and a price-to-earnings ratio of 31.99. DXC Technology has a 1-year low of $67.76 and a 1-year high of $102.95. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 0.48.

Several institutional investors and hedge funds have recently modified their holdings of DXC. Burke & Herbert Bank & Trust Co. purchased a new position in shares of DXC Technology in the fourth quarter valued at $259,000. Ameritas Investment Partners Inc. purchased a new position in shares of DXC Technology in the second quarter valued at $502,000. Prudential Financial Inc. grew its position in shares of DXC Technology by 0.5% in the third quarter. Prudential Financial Inc. now owns 398,426 shares of the company’s stock valued at $34,217,000 after purchasing an additional 1,990 shares in the last quarter. California Public Employees Retirement System grew its position in shares of DXC Technology by 1.5% in the third quarter. California Public Employees Retirement System now owns 653,530 shares of the company’s stock valued at $56,125,000 after purchasing an additional 9,383 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of DXC Technology in the second quarter valued at $272,000. Hedge funds and other institutional investors own 84.62% of the company’s stock.

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About DXC Technology

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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