Zacks: Analysts Expect DXC Technology Co (DXC) Will Post Earnings of $2.07 Per Share

Brokerages predict that DXC Technology Co (NYSE:DXC) will post earnings of $2.07 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for DXC Technology’s earnings. The highest EPS estimate is $2.11 and the lowest is $2.01. DXC Technology posted earnings of $2.28 per share in the same quarter last year, which suggests a negative year over year growth rate of 9.2%. The business is scheduled to report its next quarterly earnings results on Thursday, May 23rd.

On average, analysts expect that DXC Technology will report full year earnings of $8.25 per share for the current fiscal year, with EPS estimates ranging from $8.18 to $8.29. For the next financial year, analysts expect that the firm will post earnings of $9.21 per share, with EPS estimates ranging from $8.65 to $9.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for DXC Technology.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, February 7th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.19. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The business had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter last year, the business posted $1.86 earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis.

A number of research firms recently commented on DXC. SunTrust Banks increased their price objective on DXC Technology to $72.00 and gave the company a “hold” rating in a research note on Monday, February 11th. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Tuesday, January 8th. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price objective on shares of DXC Technology in a research note on Monday, January 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $70.00 price objective on shares of DXC Technology in a research note on Monday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $91.42.

Several institutional investors have recently added to or reduced their stakes in DXC. Strategic Wealth Partners Ltd. raised its holdings in shares of DXC Technology by 3,925.0% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock valued at $30,000 after buying an additional 314 shares during the period. IMS Capital Management purchased a new stake in shares of DXC Technology during the 3rd quarter valued at about $36,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of DXC Technology by 148.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock valued at $31,000 after buying an additional 350 shares during the period. Bruderman Asset Management LLC raised its holdings in shares of DXC Technology by 1,365.1% during the 4th quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock valued at $34,000 after buying an additional 587 shares during the period. Finally, Rational Advisors LLC increased its holdings in DXC Technology by 203.5% during the 4th quarter. Rational Advisors LLC now owns 695 shares of the company’s stock worth $37,000 after purchasing an additional 466 shares during the last quarter. Institutional investors own 86.73% of the company’s stock.

DXC opened at $65.64 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a market cap of $17.25 billion, a P/E ratio of 8.27, a P/E/G ratio of 1.18 and a beta of 1.53. DXC Technology has a 52 week low of $49.19 and a 52 week high of $105.02.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Wednesday, March 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Tuesday, March 26th. DXC Technology’s payout ratio is 9.57%.

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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