DXC Technology (DXC) Set to Announce Quarterly Earnings on Thursday

DXC Technology (NYSE:DXC) will be announcing its earnings results after the market closes on Thursday, May 16th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

DXC Technology Price Performance

DXC Technology stock opened at $19.89 on Thursday. The company has a fifty day simple moving average of $20.56 and a 200-day simple moving average of $21.79. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of -10.41, a PEG ratio of 1.72 and a beta of 1.85. DXC Technology has a 52-week low of $18.61 and a 52-week high of $28.89.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $21.73, for a total transaction of $393,356.46. Following the completion of 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

DXC has been the subject of a number of recent research reports. Citigroup downgraded shares of DXC Technology from a “neutral” rating to a “sell” rating and cut their price objective for the company from $24.00 to $21.00 in a report on Wednesday, January 17th. Guggenheim assumed coverage on DXC Technology in a research note on Tuesday, March 19th. They set a “neutral” rating and a $22.00 price objective on the stock. JPMorgan Chase & Co. downgraded DXC Technology from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $27.00 to $24.00 in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $24.00 price target on shares of DXC Technology in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $23.20.

About DXC Technology

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).