Dell Technologies (DVMT) Releases Quarterly Earnings Results, Beats Expectations By $0.32 EPS

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.

Several institutional investors have recently made changes to their positions in the company. Great Lakes Advisors LLC acquired a new position in Dell Technologies in the third quarter worth about $246,000. Belpointe Asset Management LLC grew its stake in Dell Technologies by 9.2% in the third quarter. Belpointe Asset Management LLC now owns 14,211 shares of the company’s stock worth $1,380,000 after purchasing an additional 1,200 shares in the last quarter. Vanguard Group Inc. grew its stake in Dell Technologies by 0.4% in the third quarter. Vanguard Group Inc. now owns 17,655,038 shares of the company’s stock worth $1,714,658,000 after purchasing an additional 70,974 shares in the last quarter. Dodge & Cox grew its stake in Dell Technologies by 1.2% in the third quarter. Dodge & Cox now owns 16,005,353 shares of the company’s stock worth $1,554,440,000 after purchasing an additional 195,721 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in Dell Technologies by 8,695.2% in the third quarter. Rehmann Capital Advisory Group now owns 66,228 shares of the company’s stock worth $138,430,000 after purchasing an additional 65,475 shares in the last quarter. Institutional investors own 22.19% of the company’s stock.

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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.

See Also: Cash Flow

Earnings History for Dell Technologies (NYSE:DVMT)

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