DXC Technology Co (DXC) Expected to Post Quarterly Sales of $5.31 Billion

Wall Street analysts forecast that DXC Technology Co (NYSE:DXC) will announce sales of $5.31 billion for the current quarter, Zacks reports. Five analysts have provided estimates for DXC Technology’s earnings. The highest sales estimate is $5.34 billion and the lowest is $5.29 billion. DXC Technology posted sales of $6.29 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 15.6%. The firm is expected to announce its next quarterly earnings report after the market closes on Thursday, May 23rd.

According to Zacks, analysts expect that DXC Technology will report full year sales of $20.79 billion for the current financial year, with estimates ranging from $20.76 billion to $20.81 billion. For the next financial year, analysts expect that the business will post sales of $20.74 billion, with estimates ranging from $20.37 billion to $20.99 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for DXC Technology.

Several brokerages have recently issued reports on DXC. SunTrust Banks upped their target price on shares of DXC Technology to $72.00 and gave the company a “hold” rating in a research report on Monday, February 11th. Goldman Sachs Group downgraded shares of DXC Technology from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. DXC Technology currently has a consensus rating of “Buy” and a consensus target price of $88.27.



Shares of NYSE DXC traded down $1.33 during mid-day trading on Thursday, hitting $56.33. 2,023,748 shares of the company’s stock traded hands, compared to its average volume of 1,379,836. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 0.92 and a beta of 1.51. DXC Technology has a 1 year low of $49.19 and a 1 year high of $101.81.

Large investors have recently modified their holdings of the stock. Kore Private Wealth LLC bought a new position in DXC Technology during the 1st quarter valued at about $26,000. Cribstone Capital Management LLC grew its holdings in DXC Technology by 187.1% during the 1st quarter. Cribstone Capital Management LLC now owns 491 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares during the last quarter. Truvestments Capital LLC bought a new position in DXC Technology during the 1st quarter valued at about $37,000. Cornerstone Advisors Inc. grew its stake in DXC Technology by 100.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 578 shares of the company’s stock worth $37,000 after acquiring an additional 289 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in DXC Technology by 148.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock worth $31,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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

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