$5.33 Billion in Sales Expected for DXC Technology Co (DXC) This Quarter

Brokerages forecast that DXC Technology Co (NYSE:DXC) will announce $5.33 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for DXC Technology’s earnings. The lowest sales estimate is $5.29 billion and the highest is $5.41 billion. DXC Technology reported sales of $6.29 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.3%. The company is expected to issue its next quarterly earnings report on Thursday, May 23rd.

According to Zacks, analysts expect that DXC Technology will report full year sales of $20.80 billion for the current year, with estimates ranging from $20.76 billion to $20.85 billion. For the next fiscal year, analysts anticipate that the company will post sales of $20.79 billion, with estimates ranging from $20.37 billion to $20.99 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover DXC Technology.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, February 7th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.19. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.16 billion. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. DXC Technology’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 earnings per share.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Tuesday, January 8th. SunTrust Banks lifted their price target on DXC Technology to $72.00 and gave the stock a “hold” rating in a research note on Monday. ValuEngine downgraded DXC Technology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 2nd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $70.00 price target on shares of DXC Technology in a research note on Wednesday, November 7th. Finally, BMO Capital Markets cut their price target on DXC Technology from $110.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. DXC Technology presently has an average rating of “Buy” and a consensus target price of $91.42.

NYSE:DXC opened at $67.20 on Thursday. The firm has a market cap of $18.78 billion, a PE ratio of 8.46, a PEG ratio of 1.28 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.04. DXC Technology has a 52-week low of $49.19 and a 52-week high of $107.85.

A number of institutional investors have recently bought and sold shares of DXC. Strategic Wealth Partners Ltd. increased its position in DXC Technology by 3,925.0% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock worth $30,000 after purchasing an additional 314 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in DXC Technology by 148.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock worth $31,000 after purchasing an additional 350 shares in the last quarter. Bruderman Asset Management LLC increased its position in DXC Technology by 1,365.1% during the 4th quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock worth $34,000 after purchasing an additional 587 shares in the last quarter. IMS Capital Management purchased a new stake in DXC Technology during the 3rd quarter worth about $36,000. Finally, Rational Advisors LLC increased its position in DXC Technology by 203.5% during the 4th quarter. Rational Advisors LLC now owns 695 shares of the company’s stock worth $37,000 after purchasing an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.

DXC Technology Company Profile

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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Earnings History and Estimates for DXC Technology (NYSE:DXC)

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