Dynatrace, Inc. (NYSE:DT) Expected to Announce Quarterly Sales of $234.78 Million

Equities analysts expect Dynatrace, Inc. (NYSE:DT) to post sales of $234.78 million for the current quarter, according to Zacks. Five analysts have issued estimates for Dynatrace’s earnings. The lowest sales estimate is $233.50 million and the highest is $238.00 million. Dynatrace posted sales of $182.91 million during the same quarter last year, which suggests a positive year-over-year growth rate of 28.4%. The business is expected to announce its next earnings results on Wednesday, February 2nd.

On average, analysts expect that Dynatrace will report full-year sales of $918.32 million for the current fiscal year, with estimates ranging from $916.00 million to $924.10 million. For the next year, analysts forecast that the firm will report sales of $1.14 billion, with estimates ranging from $1.13 billion to $1.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Dynatrace.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $226.35 million for the quarter, compared to analysts’ expectations of $220.66 million. Dynatrace had a return on equity of 10.83% and a net margin of 10.09%. Dynatrace’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS.

DT has been the subject of several recent research reports. William Blair reissued a “buy” rating on shares of Dynatrace in a research report on Wednesday, September 15th. JMP Securities increased their price objective on Dynatrace from $72.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 28th. BMO Capital Markets lifted their target price on Dynatrace from $72.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, October 28th. Rosenblatt Securities increased their price target on Dynatrace from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, October 22nd. Finally, Loop Capital lifted their price objective on shares of Dynatrace from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, October 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Buy” and an average target price of $74.55.

Dynatrace stock opened at $63.76 on Monday. Dynatrace has a 1-year low of $36.47 and a 1-year high of $80.13. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of 227.71, a price-to-earnings-growth ratio of 11.92 and a beta of 1.39. The firm’s fifty day moving average price is $72.68 and its two-hundred day moving average price is $64.16. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27.

In other Dynatrace news, CEO Siclen John Van sold 55,000 shares of the business’s stock in a transaction on Friday, October 15th. The shares were sold at an average price of $76.07, for a total transaction of $4,183,850.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin C. Burns sold 28,929 shares of the business’s stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of $69.16, for a total value of $2,000,729.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 196,275 shares of company stock worth $14,108,711. Insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sarasin & Partners LLP increased its stake in Dynatrace by 15.6% in the second quarter. Sarasin & Partners LLP now owns 99,953 shares of the company’s stock valued at $5,839,000 after acquiring an additional 13,479 shares during the last quarter. Sturgeon Ventures LLP lifted its position in Dynatrace by 6.5% in the 2nd quarter. Sturgeon Ventures LLP now owns 107,574 shares of the company’s stock worth $6,284,000 after buying an additional 6,571 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Dynatrace by 11.7% in the second quarter. PNC Financial Services Group Inc. now owns 4,497 shares of the company’s stock worth $263,000 after buying an additional 472 shares in the last quarter. AO Asset Management LP grew its position in Dynatrace by 4.9% during the second quarter. AO Asset Management LP now owns 566,900 shares of the company’s stock valued at $33,118,000 after acquiring an additional 26,700 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Dynatrace by 4.1% during the second quarter. Fifth Third Bancorp now owns 33,571 shares of the company’s stock worth $1,961,000 after acquiring an additional 1,319 shares in the last quarter. 92.94% of the stock is owned by institutional investors.

About Dynatrace

Dynatrace, Inc offers software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users.

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Earnings History and Estimates for Dynatrace (NYSE:DT)

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