Brokerages Expect DXC Technology (NYSE:DXC) Will Announce Quarterly Sales of $4.13 Billion

Brokerages predict that DXC Technology (NYSE:DXCGet Rating) will report sales of $4.13 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for DXC Technology’s earnings. The lowest sales estimate is $4.12 billion and the highest is $4.14 billion. DXC Technology posted sales of $4.39 billion in the same quarter last year, which suggests a negative year over year growth rate of 5.9%. The company is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that DXC Technology will report full year sales of $16.39 billion for the current fiscal year, with estimates ranging from $16.38 billion to $16.39 billion. For the next financial year, analysts anticipate that the business will post sales of $16.14 billion, with estimates ranging from $15.79 billion to $16.39 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow DXC Technology.

DXC Technology (NYSE:DXCGet Rating) last announced its quarterly earnings results on Wednesday, May 25th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.15). The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.12 billion. DXC Technology had a negative net margin of 3.67% and a positive return on equity of 16.81%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS.

Several equities research analysts have recently weighed in on DXC shares. Bank of America lowered shares of DXC Technology from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $45.00 to $30.00 in a report on Wednesday, March 9th. Citigroup lowered their target price on shares of DXC Technology from $45.00 to $43.00 in a report on Wednesday, April 20th. Cowen lowered their target price on shares of DXC Technology from $50.00 to $45.00 in a report on Thursday, February 3rd. JPMorgan Chase & Co. decreased their price objective on shares of DXC Technology from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Tuesday, March 22nd. Finally, Zacks Investment Research raised shares of DXC Technology from a “sell” rating to a “hold” rating and set a $37.00 price objective on the stock in a report on Friday, February 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $41.75.

Shares of DXC Technology stock opened at $29.45 on Thursday. The firm has a market capitalization of $7.20 billion, a PE ratio of -12.12, a price-to-earnings-growth ratio of 0.26 and a beta of 2.15. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.12 and a quick ratio of 1.12. The company’s fifty day moving average price is $30.69 and its two-hundred day moving average price is $31.88. DXC Technology has a 52-week low of $27.28 and a 52-week high of $44.18.

Large investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in shares of DXC Technology by 25.2% in the 3rd quarter. Franklin Resources Inc. now owns 16,568,171 shares of the company’s stock valued at $556,855,000 after acquiring an additional 3,329,558 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of DXC Technology by 3.7% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 717,698 shares of the company’s stock valued at $24,122,000 after acquiring an additional 25,601 shares during the period. AlphaCrest Capital Management LLC raised its position in shares of DXC Technology by 46.5% in the 3rd quarter. AlphaCrest Capital Management LLC now owns 8,602 shares of the company’s stock valued at $289,000 after acquiring an additional 2,730 shares during the period. New York State Teachers Retirement System raised its position in shares of DXC Technology by 0.9% in the 4th quarter. New York State Teachers Retirement System now owns 306,822 shares of the company’s stock valued at $9,877,000 after acquiring an additional 2,603 shares during the period. Finally, Savant Capital LLC acquired a new stake in shares of DXC Technology in the 4th quarter valued at approximately $309,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

DXC Technology Company Profile (Get Rating)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.

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