Dell Technologies (NYSE:DVMT) announced its earnings results on Thursday. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.32, Morningstar.com reports. The company had revenue of $22.48 billion during the quarter. Dell Technologies had a positive return on equity of 30.92% and a negative net margin of 2.84%.
Shares of Dell Technologies stock opened at $105.48 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a market cap of $81.41 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.91 and a beta of 0.40. Dell Technologies has a 1-year low of $64.96 and a 1-year high of $107.22.
DVMT has been the subject of several recent analyst reports. Deutsche Bank raised their target price on Dell Technologies from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, November 16th. ValuEngine downgraded Dell Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $107.00.
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Dell Technologies Company Profile
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide. It operates through three segments: Client Solutions Group (CSG), Infrastructure Solutions Group (ISG), and VMware. The CSG segment offers hardware, such as desktop personal computers, notebooks, and workstations; and branded peripherals, including monitors and projectors; third-party software and peripherals; and attached software, peripherals, and services comprising support and deployment, configuration, and extended warranty services.
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