Q2 2018 EPS Estimates for DXC Technology Company. Lifted by KeyCorp (NYSE:DXC)

DXC Technology Company. (NYSE:DXC) – Stock analysts at KeyCorp increased their Q2 2018 earnings per share estimates for DXC Technology Company. in a research report issued on Tuesday. KeyCorp analyst A. Ramnani now anticipates that the company will post earnings per share of $1.53 for the quarter, up from their previous forecast of $1.50. KeyCorp has a “Overweight” rating and a $93.00 price target on the stock. KeyCorp also issued estimates for DXC Technology Company.’s FY2018 earnings at $6.76 EPS, Q2 2019 earnings at $2.04 EPS, Q3 2019 earnings at $2.34 EPS and FY2019 earnings at $8.60 EPS.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion.

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DXC has been the subject of several other research reports. Stifel Nicolaus reissued a “hold” rating and issued a $86.00 price target on shares of DXC Technology Company. in a research note on Thursday. TheStreet raised DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday. Cowen and Company reissued a “hold” rating and issued a $77.00 price target on shares of DXC Technology Company. in a research note on Thursday. Goldman Sachs Group, Inc. (The) raised DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and increased their price target for the company from $85.00 to $90.00 in a research note on Tuesday, May 9th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $94.00 price target (up previously from $92.00) on shares of DXC Technology Company. in a research note on Wednesday. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $87.33.

DXC Technology Company. (NYSE:DXC) traded up 0.96% on Friday, reaching $82.05. The company’s stock had a trading volume of 1,552,154 shares. DXC Technology Company. has a 12 month low of $45.37 and a 12 month high of $84.50. The company has a market cap of $23.29 billion, a P/E ratio of 258.83 and a beta of 1.11. The company has a 50-day moving average price of $78.64 and a 200 day moving average price of $74.17.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.88%. DXC Technology Company.’s dividend payout ratio is currently -315.79%.

In related news, EVP Stephen Hilton sold 5,052 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $74.82, for a total transaction of $377,990.64. Following the completion of the sale, the executive vice president now owns 2,574 shares of the company’s stock, valued at $192,586.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul N. Saleh sold 40,460 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $82.54, for a total value of $3,339,568.40. Following the sale, the chief financial officer now directly owns 136,384 shares of the company’s stock, valued at approximately $11,257,135.36. The disclosure for this sale can be found here. Insiders have sold 292,396 shares of company stock valued at $23,335,020 in the last ninety days. 1.30% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in DXC. Cribstone Capital Management LLC acquired a new stake in DXC Technology Company. during the first quarter valued at approximately $102,000. Westside Investment Management Inc. acquired a new stake in DXC Technology Company. during the first quarter valued at approximately $105,000. Hanson McClain Inc. acquired a new stake in DXC Technology Company. during the second quarter valued at approximately $105,000. Pinebridge Investments L.P. acquired a new stake in DXC Technology Company. during the second quarter valued at approximately $106,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in DXC Technology Company. during the second quarter valued at approximately $109,000. 51.07% of the stock is owned by institutional investors and hedge funds.

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

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