$5.36 Billion in Sales Expected for DXC Technology Co (DXC) This Quarter

Equities research analysts predict that DXC Technology Co (NYSE:DXC) will post $5.36 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for DXC Technology’s earnings, with estimates ranging from $5.28 billion to $5.44 billion. DXC Technology reported sales of $6.16 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 13%. The business is scheduled to report its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that DXC Technology will report full year sales of $21.64 billion for the current financial year, with estimates ranging from $21.46 billion to $21.75 billion. For the next fiscal year, analysts anticipate that the company will post sales of $21.82 billion per share, with estimates ranging from $21.35 billion to $22.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow DXC Technology.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.18. DXC Technology had a net margin of 7.74% and a return on equity of 18.67%. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.32 billion.

DXC has been the topic of several analyst reports. SunTrust Banks decreased their price target on shares of DXC Technology from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, May 30th. Cfra reaffirmed a “buy” rating and set a $105.00 price target on shares of DXC Technology in a research note on Thursday, August 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $103.00 price target on shares of DXC Technology in a research note on Wednesday, August 8th. ValuEngine raised shares of DXC Technology from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. Finally, Zacks Investment Research cut shares of DXC Technology from a “buy” rating to a “hold” rating in a research note on Thursday, May 24th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. DXC Technology presently has a consensus rating of “Buy” and an average price target of $104.56.

DXC Technology opened at $86.10 on Monday, Marketbeat.com reports. DXC Technology has a 12-month low of $77.96 and a 12-month high of $107.85. The stock has a market cap of $24.53 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.98 and a current ratio of 0.95.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 17th. Investors of record on Wednesday, June 6th were given a $0.19 dividend. The ex-dividend date was Tuesday, June 5th. This is a boost from DXC Technology’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 0.88%. DXC Technology’s dividend payout ratio (DPR) is currently 9.57%.

In related news, EVP William L. Deckelman, Jr. sold 8,084 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $90.00, for a total value of $727,560.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joanne Mason sold 1,726 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $87.74, for a total transaction of $151,439.24. The disclosure for this sale can be found here. Insiders sold 31,981 shares of company stock worth $2,905,962 over the last three months. Corporate insiders own 0.65% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in DXC Technology by 1.5% during the first quarter. BlackRock Inc. now owns 18,603,723 shares of the company’s stock valued at $1,870,234,000 after buying an additional 269,537 shares in the last quarter. Boston Partners lifted its position in DXC Technology by 0.5% during the second quarter. Boston Partners now owns 12,125,367 shares of the company’s stock valued at $977,426,000 after buying an additional 59,176 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in DXC Technology by 5.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,123,113 shares of the company’s stock valued at $977,245,000 after buying an additional 678,472 shares in the last quarter. JPMorgan Chase & Co. lifted its position in DXC Technology by 11.7% during the first quarter. JPMorgan Chase & Co. now owns 6,478,853 shares of the company’s stock valued at $651,318,000 after buying an additional 680,612 shares in the last quarter. Finally, FMR LLC lifted its position in DXC Technology by 7.1% during the second quarter. FMR LLC now owns 4,819,523 shares of the company’s stock valued at $388,502,000 after buying an additional 319,168 shares in the last quarter. 83.99% of the stock is currently owned by institutional investors and hedge funds.

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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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

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