Analysts expect DXC Technology (NYSE:DXC) to post earnings of $1.98 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for DXC Technology’s earnings, with estimates ranging from $1.90 to $2.04. DXC Technology posted earnings of $0.81 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 144.4%. The firm is scheduled to issue 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 anticipate that the company will post earnings of $8.63 per share, with EPS estimates ranging from $8.32 to $9.08. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for DXC Technology.
DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.40. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.07 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The business’s quarterly revenue was up 229.4% on a year-over-year basis.
In related 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 transaction of $3,251,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the business. Westside Investment Management Inc. lifted its holdings in shares of DXC Technology by 3.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after buying an additional 50 shares during the period. Seven Eight Capital LP lifted its holdings in shares of DXC Technology by 3.7% in the 2nd quarter. Seven Eight Capital LP now owns 6,195 shares of the company’s stock worth $475,000 after buying an additional 219 shares during the period. ETRADE Capital Management LLC lifted its holdings in shares of DXC Technology by 11.8% in the 3rd quarter. ETRADE Capital Management LLC now owns 5,061 shares of the company’s stock worth $435,000 after buying an additional 535 shares during the period. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of DXC Technology by 1.3% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 46,749 shares of the company’s stock worth $4,015,000 after buying an additional 600 shares during the period. Finally, Fagan Associates Inc. lifted its holdings in shares of DXC Technology by 13.5% in the 3rd quarter. Fagan Associates Inc. now owns 6,229 shares of the company’s stock worth $535,000 after buying an additional 739 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.
DXC Technology (DXC) traded up $1.05 during midday trading on Thursday, hitting $95.25. The stock had a trading volume of 1,844,153 shares, compared to its average volume of 1,610,000. The company has a market cap of $27,170.00 and a P/E ratio of 17.38. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. DXC Technology has a 52-week low of $64.06 and a 52-week high of $99.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Tuesday, December 5th.
WARNING: “Zacks: Brokerages Expect DXC Technology (DXC) Will Post Earnings of $1.98 Per Share” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://sportsperspectives.com/2017/12/17/zacks-brokerages-expect-dxc-technology-dxc-will-post-earnings-of-1-98-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.