Equities analysts expect DXC Technology Co (NYSE:DXC) to report sales of $5.31 billion for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for DXC Technology’s earnings. The highest sales estimate is $5.34 billion and the lowest is $5.29 billion. DXC Technology posted sales of $6.29 billion in the same quarter last year, which indicates a negative year over year growth rate of 15.6%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, May 23rd.
On average, analysts expect that DXC Technology will report full-year sales of $20.79 billion for the current year, with estimates ranging from $20.76 billion to $20.81 billion. For the next fiscal year, analysts forecast that the firm will post sales of $20.74 billion, with estimates ranging from $20.37 billion to $20.99 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for DXC Technology.
Several analysts have recently issued reports on the company. BMO Capital Markets reduced their target price on DXC Technology from $88.00 to $70.00 and set an “outperform” rating on the stock in a report on Tuesday. KeyCorp reduced their target price on DXC Technology from $97.00 to $88.00 and set an “overweight” rating on the stock in a report on Monday. Goldman Sachs Group lowered DXC Technology from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 22nd. Finally, SunTrust Banks increased their target price on DXC Technology to $72.00 and gave the stock a “hold” rating in a report on Monday, February 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.82.
Shares of DXC traded up $0.58 during trading hours on Thursday, hitting $55.24. 3,976,123 shares of the company were exchanged, compared to its average volume of 2,031,530. The firm has a market cap of $15.11 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 0.92 and a beta of 1.51. DXC Technology has a fifty-two week low of $49.19 and a fifty-two week high of $101.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00.
Several hedge funds have recently made changes to their positions in DXC. Kentucky Retirement Systems Insurance Trust Fund bought a new position in DXC Technology in the fourth quarter valued at about $295,000. BlackRock Inc. raised its position in DXC Technology by 6.3% in the fourth quarter. BlackRock Inc. now owns 19,400,215 shares of the company’s stock valued at $1,031,510,000 after purchasing an additional 1,153,292 shares during the last quarter. Machina Capital S.A.S. bought a new position in DXC Technology in the fourth quarter valued at about $418,000. Triangle Securities Wealth Management bought a new position in DXC Technology in the first quarter valued at about $781,000. Finally, Pendal Group Ltd raised its position in DXC Technology by 2.0% in the fourth quarter. Pendal Group Ltd now owns 36,057 shares of the company’s stock valued at $1,917,000 after purchasing an additional 705 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.
About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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