DXC Technology (NYSE:DXC) Releases FY 2027 Earnings Guidance

DXC Technology (NYSE:DXCGet Free Report) updated its FY 2027 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.400-2.900 for the period, compared to the consensus earnings per share estimate of 2.610. The company issued revenue guidance of -.

DXC Technology Stock Performance

NYSE:DXC opened at $8.22 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $9.98 and a 200 day simple moving average of $12.37. DXC Technology has a 1-year low of $7.90 and a 1-year high of $16.45. The stock has a market cap of $1.34 billion, a P/E ratio of 137.02 and a beta of 0.81.

DXC Technology (NYSE:DXCGet Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.17 billion. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. DXC Technology’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. Research analysts anticipate that DXC Technology will post 2.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on DXC shares. Wall Street Zen cut DXC Technology from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Morgan Stanley lowered their price objective on DXC Technology from $15.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Zacks Research lowered DXC Technology from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Stifel Nicolaus set a $12.00 price target on DXC Technology in a report on Friday, May 8th. Finally, Weiss Ratings lowered DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, DXC Technology presently has an average rating of “Reduce” and an average target price of $12.75.

View Our Latest Stock Analysis on DXC Technology

Insider Transactions at DXC Technology

In related news, CEO Raul J. Fernandez purchased 28,051 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $8.90 per share, with a total value of $249,653.90. Following the acquisition, the chief executive officer directly owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. This represents a 3.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Caitlin John LLC raised its holdings in DXC Technology by 358.0% in the fourth quarter. Caitlin John LLC now owns 3,224 shares of the company’s stock worth $49,000 after purchasing an additional 2,520 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of DXC Technology by 5.4% in the 4th quarter. Vident Advisory LLC now owns 91,284 shares of the company’s stock worth $1,337,000 after purchasing an additional 4,697 shares in the last quarter. State of Tennessee Department of Treasury lifted its stake in DXC Technology by 51.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 143,140 shares of the company’s stock valued at $2,066,000 after acquiring an additional 48,852 shares during the period. Mackenzie Financial Corp boosted its holdings in DXC Technology by 39.1% in the fourth quarter. Mackenzie Financial Corp now owns 706,347 shares of the company’s stock worth $10,497,000 after purchasing an additional 198,654 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in DXC Technology during the 4th quarter valued at $1,436,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

About DXC Technology

(Get Free Report)

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.

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