Dell Technologies (NYSE:DELL) Releases Earnings Results, Beats Expectations By $0.71 EPS

Dell Technologies (NYSE:DELLGet Rating) released its earnings results on Monday. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.71, MarketWatch Earnings reports. Dell Technologies had a negative return on equity of 235.07% and a net margin of 1.74%. The company had revenue of $24.72 million during the quarter, compared to analyst estimates of $24.61 billion. During the same quarter in the previous year, the company posted $2.37 EPS. Dell Technologies’s revenue for the quarter was down 6.4% on a year-over-year basis. Dell Technologies updated its Q4 guidance to $1.50-1.80 EPS.

Dell Technologies Trading Up 6.8 %

NYSE DELL opened at $43.85 on Wednesday. The stock’s fifty day moving average price is $37.60 and its 200-day moving average price is $42.39. The stock has a market cap of $32.14 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.60 and a beta of 0.92. Dell Technologies has a 12 month low of $32.90 and a 12 month high of $61.54.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Wednesday, October 19th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, October 18th. Dell Technologies’s dividend payout ratio (DPR) is 55.46%.

Insider Buying and Selling

In other Dell Technologies news, insider William F. Scannell sold 27,536 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $40.20, for a total transaction of $1,106,947.20. Following the completion of the sale, the insider now directly owns 343,835 shares in the company, valued at approximately $13,822,167. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 47.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently made changes to their positions in DELL. Brown Brothers Harriman & Co. bought a new position in Dell Technologies in the 1st quarter valued at approximately $27,000. American International Group Inc. purchased a new stake in shares of Dell Technologies during the second quarter valued at $139,000. qPULA Trading Management LP bought a new stake in Dell Technologies in the 1st quarter worth about $206,000. Atria Wealth Solutions Inc. purchased a new position in Dell Technologies in the 1st quarter worth about $228,000. Finally, Moors & Cabot Inc. bought a new position in Dell Technologies during the 1st quarter valued at about $231,000. Hedge funds and other institutional investors own 26.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays lowered their target price on Dell Technologies from $49.00 to $41.00 and set an “equal weight” rating for the company in a research note on Tuesday. Morgan Stanley lowered their target price on Dell Technologies from $54.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, October 17th. Cowen reduced their price target on Dell Technologies from $58.00 to $45.00 and set a “market perform” rating on the stock in a report on Friday, August 26th. Credit Suisse Group reduced their price target on Dell Technologies from $56.00 to $53.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Citigroup reduced their price target on Dell Technologies from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, November 18th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.38.

Dell Technologies Company Profile

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Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

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Earnings History for Dell Technologies (NYSE:DELL)

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