Equities research analysts expect DXC Technology (NYSE:DXC) to announce $6.12 billion in sales for the current quarter, Zacks Investment Research 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 reported sales of $1.89 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 223.8%. The company is scheduled to announce its next earnings results after the market closes on Thursday, May 24th.
According to Zacks, analysts expect that DXC Technology will report full year sales of $24.38 billion for the current financial year, with estimates ranging from $24.30 billion to $24.47 billion. For the next fiscal year, analysts anticipate that the business will report sales of $24.25 billion per share, with estimates ranging from $23.80 billion to $24.60 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for DXC Technology.
Several research firms recently commented on DXC. ValuEngine upgraded shares of DXC Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 10th. BMO Capital Markets reiterated a “buy” rating on shares of DXC Technology in a research report on Friday, February 23rd. Berenberg Bank began coverage on shares of DXC Technology in a research report on Wednesday, April 18th. They issued a “hold” rating and a $100.00 price objective on the stock. JPMorgan Chase boosted their price objective on shares of DXC Technology to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, April 5th. Finally, Deutsche Bank boosted their price objective on shares of DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $105.72.
In related news, insider John M. Lawrie sold 5,000 shares of the business’s stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $103.04, for a total value of $515,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William L. Deckelman, Jr. sold 2,886 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $100.94, for a total transaction of $291,312.84. Following the completion of the transaction, the executive vice president now directly owns 13,082 shares of the company’s stock, valued at approximately $1,320,497.08. The disclosure for this sale can be found here. Insiders sold a total of 22,886 shares of company stock valued at $2,343,380 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Fulton Bank N.A. raised its stake in DXC Technology by 6.6% in the 1st quarter. Fulton Bank N.A. now owns 8,148 shares of the company’s stock valued at $819,000 after purchasing an additional 502 shares during the last quarter. Aperio Group LLC increased its stake in shares of DXC Technology by 0.3% during the 1st quarter. Aperio Group LLC now owns 161,589 shares of the company’s stock valued at $16,245,000 after acquiring an additional 508 shares during the last quarter. United Capital Financial Advisers LLC increased its stake in shares of DXC Technology by 5.4% during the 1st quarter. United Capital Financial Advisers LLC now owns 10,025 shares of the company’s stock valued at $1,008,000 after acquiring an additional 510 shares during the last quarter. First Mercantile Trust Co. increased its stake in shares of DXC Technology by 17.2% during the 4th quarter. First Mercantile Trust Co. now owns 4,472 shares of the company’s stock valued at $424,000 after acquiring an additional 656 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of DXC Technology by 2.3% during the 4th quarter. CIBC Asset Management Inc now owns 29,706 shares of the company’s stock valued at $2,819,000 after acquiring an additional 670 shares during the last quarter. 84.92% of the stock is owned by hedge funds and other institutional investors.
Shares of DXC Technology opened at $99.91 on Friday, according to Marketbeat Ratings. DXC Technology has a one year low of $100.72 and a one year high of $101.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $28.82 billion, a price-to-earnings ratio of 32.23, a P/E/G ratio of 1.06 and a beta of 0.94.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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