$0.84 EPS Expected for DXC Technology (NYSE:DXC) This Quarter

Analysts expect DXC Technology (NYSE:DXC) to report earnings of $0.84 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for DXC Technology’s earnings. The highest EPS estimate is $0.85 and the lowest is $0.82. DXC Technology posted earnings per share of $0.64 in the same quarter last year, which indicates a positive year-over-year growth rate of 31.3%. The firm is scheduled to report its next earnings results on Thursday, November 4th.

According to Zacks, analysts expect that DXC Technology will report full-year earnings of $3.60 per share for the current fiscal year, with EPS estimates ranging from $3.51 to $3.69. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.11 per share, with EPS estimates ranging from $3.74 to $4.31. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover DXC Technology.

DXC Technology (NYSE:DXC) last announced its earnings results on Wednesday, August 4th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. DXC Technology had a net margin of 1.92% and a return on equity of 14.72%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period last year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was down 8.0% on a year-over-year basis.

Several research analysts have commented on the stock. BMO Capital Markets upgraded shares of DXC Technology from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $50.00 in a report on Tuesday, August 3rd. Moffett Nathanson cut shares of DXC Technology from a “buy” rating to a “neutral” rating and set a $40.00 price target for the company. in a report on Wednesday, September 22nd. Royal Bank of Canada raised their price target on shares of DXC Technology from $42.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, August 5th. Bank of America upgraded shares of DXC Technology from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, September 14th. Finally, Citigroup raised their price target on shares of DXC Technology from $44.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $43.31.

In other news, Director Raul J. Fernandez purchased 1,324 shares of the company’s stock in a transaction dated Wednesday, September 1st. The shares were bought at an average price of $33.88 per share, with a total value of $44,857.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul J. Fernandez purchased 1,390 shares of the company’s stock in a transaction dated Monday, August 23rd. The stock was purchased at an average cost of $35.83 per share, for a total transaction of $49,803.70. The disclosure for this purchase can be found here. Insiders acquired 17,791 shares of company stock valued at $684,089 over the last quarter. Corporate insiders own 0.39% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Mutual Advisors LLC increased its holdings in DXC Technology by 0.7% in the 2nd quarter. Mutual Advisors LLC now owns 42,256 shares of the company’s stock valued at $1,645,000 after buying an additional 294 shares during the period. M&T Bank Corp boosted its stake in shares of DXC Technology by 2.1% in the 2nd quarter. M&T Bank Corp now owns 14,581 shares of the company’s stock valued at $567,000 after purchasing an additional 301 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of DXC Technology by 0.9% in the 2nd quarter. Stifel Financial Corp now owns 34,048 shares of the company’s stock valued at $1,326,000 after purchasing an additional 316 shares in the last quarter. Advisor Partners LLC boosted its stake in shares of DXC Technology by 2.0% in the 1st quarter. Advisor Partners LLC now owns 18,411 shares of the company’s stock valued at $576,000 after purchasing an additional 368 shares in the last quarter. Finally, Berman Capital Advisors LLC boosted its stake in shares of DXC Technology by 36.6% in the 2nd quarter. Berman Capital Advisors LLC now owns 1,650 shares of the company’s stock valued at $64,000 after purchasing an additional 442 shares in the last quarter. 85.38% of the stock is currently owned by institutional investors.

Shares of DXC traded up $1.15 during midday trading on Thursday, hitting $34.55. The stock had a trading volume of 11,295 shares, compared to its average volume of 2,478,711. DXC Technology has a fifty-two week low of $16.88 and a fifty-two week high of $44.18. The business has a 50-day simple moving average of $36.22 and a two-hundred day simple moving average of $36.47. The firm has a market cap of $8.70 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 0.35 and a beta of 2.44. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.76.

About DXC Technology

DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerates the digital transformations that is tailored to each client’s specific objectives.

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