Zacks: Brokerages Anticipate Dynatrace (NYSE:DT) Will Post Quarterly Sales of $137.47 Million

Wall Street brokerages expect Dynatrace (NYSE:DT) to post sales of $137.47 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Dynatrace’s earnings, with the lowest sales estimate coming in at $137.40 million and the highest estimate coming in at $137.50 million. The company is scheduled to report its next quarterly earnings report on Wednesday, January 29th.

On average, analysts expect that Dynatrace will report full-year sales of $534.08 million for the current financial year, with estimates ranging from $534.00 million to $534.24 million. For the next fiscal year, analysts forecast that the company will post sales of $660.85 million, with estimates ranging from $654.85 million to $672.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Dynatrace.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $129.40 million for the quarter, compared to analysts’ expectations of $123.57 million. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year.

Several equities research analysts recently issued reports on the company. JMP Securities started coverage on Dynatrace in a research note on Monday, August 26th. They issued an “outperform” rating and a $30.00 price objective for the company. Barclays reaffirmed a “buy” rating and issued a $27.00 target price on shares of Dynatrace in a research report on Friday, November 1st. William Blair started coverage on Dynatrace in a research report on Monday, August 26th. They issued an “outperform” rating and a $6.50 target price on the stock. Macquarie started coverage on Dynatrace in a research report on Monday, August 26th. They issued a “neutral” rating and a $25.00 target price on the stock. Finally, Zacks Investment Research raised Dynatrace from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Dynatrace has an average rating of “Buy” and an average target price of $26.04.

Shares of NYSE DT opened at $21.33 on Thursday. Dynatrace has a 12 month low of $17.05 and a 12 month high of $27.48. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.93 and a quick ratio of 0.93. The company’s fifty day moving average is $19.24.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Emerald Advisers LLC acquired a new position in shares of Dynatrace during the 3rd quarter valued at about $993,000. Dean Capital Investments Management LLC acquired a new position in shares of Dynatrace during the 3rd quarter valued at about $470,000. Rhumbline Advisers acquired a new position in shares of Dynatrace during the 3rd quarter valued at about $395,000. Finally, California Public Employees Retirement System acquired a new position in shares of Dynatrace during the 3rd quarter valued at about $260,000. 0.05% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Company Profile

Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It offers Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon, Classic Real User Monitoring, Network Application Monitoring, and Synthetic Classic. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.

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Earnings History and Estimates for Dynatrace (NYSE:DT)

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