Dell Technologies (NYSE:DELL) Releases Quarterly Earnings Results

Dell Technologies (NYSE:DELL) posted its quarterly earnings results on Monday. The technology company reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.19, MarketWatch Earnings reports. The business had revenue of $28.41 billion during the quarter, compared to the consensus estimate of $27.02 billion. Dell Technologies had a net margin of 3.77% and a return on equity of 88.70%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.03 earnings per share.

NYSE DELL opened at $57.30 on Thursday. Dell Technologies has a one year low of $33.63 and a one year high of $58.00. The company has a debt-to-equity ratio of 3.74, a quick ratio of 0.71 and a current ratio of 0.79. The firm’s fifty day moving average is $89.16 and its two-hundred day moving average is $95.30. The firm has a market cap of $43.84 billion, a PE ratio of 11.86, a P/E/G ratio of 0.59 and a beta of 0.93.

In other Dell Technologies news, CFO Thomas W. Sweet sold 281,818 shares of the company’s stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $95.43, for a total value of $26,893,891.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Richard J. Rothberg sold 6,099 shares of the company’s stock in a transaction dated Thursday, September 2nd. The shares were sold at an average price of $97.03, for a total transaction of $591,785.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 433,642 shares of company stock worth $43,205,901. Company insiders own 47.00% of the company’s stock.

DELL has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of Dell Technologies from a “buy” rating to a “conviction-buy” rating in a research report on Monday, September 13th. UBS Group lifted their price objective on shares of Dell Technologies from $113.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, August 27th. Morgan Stanley lifted their price objective on shares of Dell Technologies from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday. Raymond James decreased their price objective on shares of Dell Technologies from $121.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, November 4th. Finally, Barclays assumed coverage on shares of Dell Technologies in a research report on Tuesday, November 2nd. They issued an “equal weight” rating and a $59.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $97.18.

Dell Technologies Company Profile

Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.

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Earnings History for Dell Technologies (NYSE:DELL)

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