DXC Technology (DXC) Expected to Announce Quarterly Sales of $6.12 Billion

Equities research analysts expect DXC Technology (NYSE:DXC) to report sales of $6.12 billion for the current quarter, Zacks reports. Seven analysts have issued estimates for DXC Technology’s earnings, with the highest sales estimate coming in at $6.21 billion and the lowest estimate coming in at $6.04 billion. DXC Technology posted sales of $1.89 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 223.8%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 24th.

According to Zacks, analysts expect that DXC Technology will report full year sales of $6.12 billion for the current financial year, with estimates ranging from $24.30 billion to $24.47 billion. For the next year, analysts anticipate that the business will post sales of $24.25 billion per share, with estimates ranging from $23.80 billion to $24.60 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for DXC Technology.

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

DXC has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays increased their price target on shares of DXC Technology from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. KeyCorp increased their price target on shares of DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a research note on Tuesday, January 9th. Morgan Stanley increased their price target on shares of DXC Technology from $104.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Finally, Deutsche Bank increased their price target on shares of DXC Technology from $90.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $103.33.

Shares of DXC Technology (DXC) opened at $106.72 on Friday. The company has a market cap of $29,474.42, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. DXC Technology has a 1-year low of $64.06 and a 1-year high of $107.13.

Several large investors have recently bought and sold shares of DXC. Nationwide Fund Advisors boosted its position in shares of DXC Technology by 32.9% during the 3rd quarter. Nationwide Fund Advisors now owns 613,656 shares of the company’s stock worth $52,701,000 after purchasing an additional 151,792 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of DXC Technology by 17.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,453 shares of the company’s stock worth $1,671,000 after purchasing an additional 2,958 shares during the period. Chicago Equity Partners LLC boosted its position in shares of DXC Technology by 105.7% during the 3rd quarter. Chicago Equity Partners LLC now owns 32,010 shares of the company’s stock worth $2,749,000 after purchasing an additional 16,445 shares during the period. Prudential Financial Inc. boosted its position in shares of DXC Technology by 0.5% during the 3rd quarter. Prudential Financial Inc. now owns 398,426 shares of the company’s stock worth $34,217,000 after purchasing an additional 1,990 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of DXC Technology by 4.9% during the 3rd quarter. New York State Common Retirement Fund now owns 774,902 shares of the company’s stock worth $66,549,000 after purchasing an additional 35,890 shares during the period. 83.94% of the stock is 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.

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

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