Dell Technologies (NYSE:DELL) Releases Earnings Results, Beats Estimates By $0.32 EPS

Dell Technologies (NYSE:DELL) issued its quarterly earnings results on Tuesday. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32, Briefing.com reports. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis.

Dell Technologies Price Performance

DELL traded down $2.42 during trading hours on Tuesday, hitting $141.74. 9,694,748 shares of the stock were exchanged, compared to its average volume of 10,003,826. The stock has a market cap of $99.56 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. Dell Technologies has a 12 month low of $67.51 and a 12 month high of $179.70. The stock has a 50-day simple moving average of $126.42 and a 200-day simple moving average of $126.91.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.26%. Dell Technologies’s payout ratio is 32.72%.

Wall Street Analyst Weigh In

DELL has been the topic of several recent analyst reports. Bank of America raised their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Mizuho assumed coverage on Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Citigroup increased their price objective on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Susquehanna started coverage on Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $146.50.

Insider Activity

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,962,112 shares of company stock valued at $2,114,595,059. Company insiders own 46.70% of the company’s stock.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).