DXC Technology (NYSE:DXC) Releases Earnings Results, Beats Expectations By $0.14 EPS

DXC Technology (NYSE:DXCGet Free Report) posted its quarterly earnings data on Thursday. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14, Briefing.com reports. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.37 billion. DXC Technology had a net margin of 0.67% and a return on equity of 17.88%. DXC Technology’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 earnings per share.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $16.52 on Friday. The business’s fifty day simple moving average is $20.33 and its 200 day simple moving average is $21.76. The firm has a market capitalization of $3.02 billion, a P/E ratio of 44.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.85. DXC Technology has a 12 month low of $15.70 and a 12 month high of $28.89. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15.

Insider Buying and Selling

In related news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $21.73, for a total transaction of $393,356.46. Following the sale, the executive vice president now directly owns 124,806 shares in the company, valued at $2,712,034.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley decreased their target price on DXC Technology from $21.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut DXC Technology from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $27.00 to $24.00 in a research note on Wednesday, January 24th. Guggenheim assumed coverage on DXC Technology in a research note on Tuesday, March 19th. They set a “neutral” rating and a $22.00 target price for the company. BMO Capital Markets decreased their target price on DXC Technology from $23.00 to $17.50 and set a “market perform” rating for the company in a research note on Friday. Finally, Susquehanna cut their price target on DXC Technology from $22.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.41.

Read Our Latest Stock Analysis on DXC Technology

DXC Technology Company Profile

(Get Free Report)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).

See Also

Earnings History for DXC Technology (NYSE:DXC)

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