KeyCorp Weighs in on DXC Technology Company.’s FY2018 Earnings (DXC)

DXC Technology Company. (NYSE:DXC) – Analysts at KeyCorp upped their FY2018 earnings estimates for shares of DXC Technology Company. in a note issued to investors on Sunday. KeyCorp analyst A. Ramnani now expects that the company will earn $6.84 per share for the year, up from their previous estimate of $6.76. KeyCorp has a “Overweight” rating and a $99.00 price objective on the stock. KeyCorp also issued estimates for DXC Technology Company.’s Q4 2018 earnings at $1.93 EPS, Q1 2019 earnings at $1.94 EPS, Q2 2019 earnings at $2.06 EPS and Q4 2019 earnings at $2.32 EPS.

DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.34. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. TRADEMARK VIOLATION WARNING: This piece of content was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.com-unik.info/2017/10/10/keycorp-weighs-in-on-dxc-technology-company-s-fy2018-earnings-dxc.html.

A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded DXC Technology Company. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BMO Capital Markets boosted their price objective on DXC Technology Company. from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Morgan Stanley upgraded DXC Technology Company. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $68.00 to $85.00 in a research report on Tuesday, July 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 price objective on shares of DXC Technology Company. in a research report on Friday, July 7th. Finally, Bank of America Corporation started coverage on DXC Technology Company. in a research report on Tuesday, September 12th. They issued a “buy” rating and a $101.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $90.31.

Shares of DXC Technology Company. (NYSE DXC) traded down 0.38% on Tuesday, reaching $88.07. 659,346 shares of the company were exchanged. The firm has a market capitalization of $25.07 billion, a PE ratio of 277.82 and a beta of 1.04. DXC Technology Company. has a 12-month low of $50.41 and a 12-month high of $89.52. The stock’s 50-day moving average is $85.08 and its 200 day moving average is $79.24.

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new position in shares of DXC Technology Company. during the second quarter valued at approximately $101,000. Hanson McClain Inc. bought a new position in shares of DXC Technology Company. during the second quarter valued at approximately $105,000. Pinebridge Investments L.P. bought a new position in shares of DXC Technology Company. during the second quarter valued at approximately $106,000. Oppenheimer Asset Management Inc. bought a new position in shares of DXC Technology Company. during the second quarter valued at approximately $109,000. Finally, Cribstone Capital Management LLC raised its holdings in shares of DXC Technology Company. by 4.7% during the second quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock valued at $108,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 85.04% of the company’s stock.

In related news, CFO Paul N. Saleh sold 40,460 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $82.54, for a total transaction of $3,339,568.40. Following the completion of the transaction, the chief financial officer now owns 136,384 shares in the company, valued at $11,257,135.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Paul N. Saleh sold 59,824 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $78.08, for a total value of $4,671,057.92. Following the transaction, the chief financial officer now owns 196,113 shares of the company’s stock, valued at approximately $15,312,503.04. The disclosure for this sale can be found here. Insiders sold 359,666 shares of company stock valued at $29,091,539 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be given a $0.18 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.81%. DXC Technology Company.’s payout ratio is currently -378.95%.

About DXC Technology Company.

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

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

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