Zacks: Brokerages Anticipate DXC Technology (DXC) Will Announce Quarterly Sales of $6.12 Billion

Wall Street analysts expect DXC Technology (NYSE:DXC) to announce $6.12 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for DXC Technology’s earnings, with estimates ranging from $6.04 billion to $6.21 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 firm is scheduled to announce its next quarterly earnings results on Thursday, May 24th.

On average, analysts expect that DXC Technology will report full-year sales of $24.38 billion for the current fiscal year, with estimates ranging from $24.30 billion to $24.47 billion. For the next financial year, analysts forecast that the business will report sales of $24.25 billion per share, with estimates ranging from $23.80 billion to $24.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for DXC Technology.

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DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.16. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.19 billion. DXC Technology’s quarterly revenue was up 222.7% compared to the same quarter last year.



A number of equities research analysts recently commented on DXC shares. Cowen reiterated a “hold” rating and set a $96.00 price target on shares of DXC Technology in a report on Wednesday, January 3rd. KeyCorp upped their price target on shares of DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, January 9th. Citigroup reiterated a “buy” rating and set a $117.00 price target (up from $107.00) on shares of DXC Technology in a report on Thursday, January 18th. SunTrust Banks upgraded shares of DXC Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. DXC Technology presently has a consensus rating of “Buy” and an average target price of $105.17.

NYSE:DXC traded up $0.75 during midday trading on Friday, reaching $103.83. 111,825 shares of the stock traded hands, compared to its average volume of 1,753,840. DXC Technology has a 12 month low of $73.51 and a 12 month high of $107.85. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $29,448.71, a P/E ratio of 33.25, a P/E/G ratio of 1.09 and a beta of 0.92.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Wednesday, March 28th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Tuesday, March 27th. DXC Technology’s payout ratio is currently 23.23%.

In other DXC Technology news, insider John M. Lawrie sold 9,900 shares of the business’s stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $102.35, for a total transaction of $1,013,265.00. Following the transaction, the insider now directly owns 638,610 shares of the company’s stock, valued at approximately $65,361,733.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in DXC. Stuart Chaussee & Associates Inc. purchased a new stake in shares of DXC Technology in the 4th quarter worth about $100,000. Calton & Associates Inc. purchased a new stake in shares of DXC Technology in the 4th quarter worth about $112,000. Cerebellum GP LLC purchased a new stake in shares of DXC Technology in the 4th quarter worth about $130,000. Financial Gravity Companies Inc. purchased a new stake in shares of DXC Technology in the 4th quarter worth about $130,000. Finally, BB&T Investment Services Inc. purchased a new stake in shares of DXC Technology in the 4th quarter worth about $143,000. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

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DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

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

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