DXC Technology (NYSE:DXC) Issues Q3 Earnings Guidance

DXC Technology (NYSE:DXC) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.75-0.80 for the period, compared to the consensus EPS estimate of $0.69. The company issued revenue guidance of $3.2-3.3 billion, compared to the consensus revenue estimate of $3.21 billion. DXC Technology also updated its FY 2025 guidance to 3.000-3.250 EPS.

Analyst Ratings Changes

A number of research firms recently issued reports on DXC. Susquehanna raised their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. BMO Capital Markets lifted their price target on shares of DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada lifted their price target on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.56.

DXC Technology Stock Down 4.1 %

NYSE:DXC traded down $0.92 during mid-day trading on Friday, reaching $21.66. The company’s stock had a trading volume of 5,981,665 shares, compared to its average volume of 1,020,818. DXC Technology has a 1 year low of $14.78 and a 1 year high of $25.14. The stock has a fifty day moving average of $20.68 and a 200-day moving average of $19.41. The firm has a market capitalization of $3.92 billion, a PE ratio of 270.75, a price-to-earnings-growth ratio of 1.87 and a beta of 1.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.21.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.57 by $0.17. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.14 billion. Equities research analysts forecast that DXC Technology will post 2.89 earnings per share for the current year.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the sale, the executive vice president now directly owns 325,665 shares in the company, valued at approximately $6,304,874.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the sale, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mary E. Finch sold 31,047 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the sale, the executive vice president now directly owns 325,665 shares in the company, valued at approximately $6,304,874.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).