$1.00 EPS Expected for DXC Technology (NYSE:DXC) This Quarter

Equities research analysts expect that DXC Technology (NYSE:DXCGet Rating) will announce earnings per share (EPS) of $1.00 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for DXC Technology’s earnings, with estimates ranging from $0.97 to $1.02. DXC Technology posted earnings of $0.74 per share during the same quarter last year, which suggests a positive year over year growth rate of 35.1%. The firm is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that DXC Technology will report full year earnings of $3.66 per share for the current financial year, with EPS estimates ranging from $3.63 to $3.69. For the next financial year, analysts expect that the business will report earnings of $4.24 per share, with EPS estimates ranging from $4.11 to $4.45. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for DXC Technology.

DXC Technology (NYSE:DXCGet Rating) last released its earnings results on Wednesday, February 2nd. The company reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. DXC Technology had a negative net margin of 3.67% and a positive return on equity of 16.81%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The business’s quarterly revenue was down 4.6% on a year-over-year basis.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of DXC Technology from $41.00 to $39.00 and set an “underweight” rating for the company in a research report on Tuesday, March 22nd. Bank of America downgraded shares of DXC Technology from a “buy” rating to an “underperform” rating and reduced their price target for the company from $45.00 to $30.00 in a research report on Wednesday, March 9th. BMO Capital Markets reduced their price target on shares of DXC Technology from $40.00 to $35.00 in a research report on Tuesday, January 25th. Zacks Investment Research upgraded shares of DXC Technology from a “sell” rating to a “hold” rating and set a $37.00 price target for the company in a research report on Friday, February 4th. Finally, Cowen reduced their price target on shares of DXC Technology from $50.00 to $45.00 in a research report on Thursday, February 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DXC Technology has an average rating of “Hold” and an average target price of $42.25.

In other news, EVP William L. Deckelman, Jr. sold 53,831 shares of the firm’s stock in a transaction dated Monday, February 7th. The shares were sold at an average price of $36.68, for a total transaction of $1,974,521.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in DXC. Whittier Trust Co. of Nevada Inc. grew its position in shares of DXC Technology by 20.8% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,767 shares of the company’s stock worth $59,000 after buying an additional 304 shares during the period. Daiwa Securities Group Inc. increased its holdings in DXC Technology by 18.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,344 shares of the company’s stock worth $75,000 after buying an additional 371 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of DXC Technology by 6.0% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,648 shares of the company’s stock valued at $214,000 after purchasing an additional 374 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of DXC Technology by 2.3% in the third quarter. Crossmark Global Holdings Inc. now owns 17,881 shares of the company’s stock valued at $601,000 after purchasing an additional 410 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of DXC Technology by 2.3% in the third quarter. Stephens Inc. AR now owns 19,639 shares of the company’s stock valued at $660,000 after purchasing an additional 442 shares during the last quarter. 89.16% of the stock is owned by hedge funds and other institutional investors.

DXC stock traded up $0.34 on Tuesday, hitting $31.22. 14,150 shares of the company’s stock traded hands, compared to its average volume of 1,952,135. DXC Technology has a 1-year low of $28.57 and a 1-year high of $44.18. The firm has a market cap of $7.63 billion, a PE ratio of -12.84, a price-to-earnings-growth ratio of 0.27 and a beta of 2.22. The stock’s fifty day moving average is $33.29. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.12 and a current ratio of 1.12.

About DXC Technology (Get Rating)

DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate the digital transformations that are tailored to each client’s specific objectives.

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