$4.92 Billion in Sales Expected for DXC Technology Co (NYSE:DXC) This Quarter

Wall Street brokerages expect DXC Technology Co (NYSE:DXC) to post $4.92 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for DXC Technology’s earnings, with the lowest sales estimate coming in at $4.91 billion and the highest estimate coming in at $4.95 billion. DXC Technology reported sales of $5.01 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1.8%. The business is scheduled to issue its next earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that DXC Technology will report full year sales of $20.29 billion for the current year, with estimates ranging from $20.11 billion to $20.47 billion. For the next year, analysts forecast that the company will report sales of $20.40 billion, with estimates ranging from $19.95 billion to $20.95 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for DXC Technology.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.03. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.86 billion. DXC Technology had a return on equity of 19.57% and a net margin of 5.70%. DXC Technology’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.93 EPS.

A number of equities analysts have commented on DXC shares. BMO Capital Markets cut DXC Technology from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $60.00 to $48.00 in a research note on Friday, August 9th. Evercore ISI reaffirmed a “hold” rating on shares of DXC Technology in a research note on Monday, September 16th. Bank of America decreased their price target on DXC Technology from $64.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Moffett Nathanson decreased their price target on DXC Technology from $43.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. Finally, Citigroup decreased their price target on DXC Technology from $60.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.14.

Shares of NYSE DXC opened at $27.73 on Wednesday. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 3.32, a P/E/G ratio of 0.93 and a beta of 1.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80. DXC Technology has a 1-year low of $26.02 and a 1-year high of $88.36. The stock’s 50-day moving average is $30.19 and its 200 day moving average is $47.38.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Wednesday, December 4th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 3.03%. DXC Technology’s dividend payout ratio (DPR) is currently 10.07%.

In other DXC Technology news, CEO John M. Lawrie acquired 3,300 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $53.28 per share, for a total transaction of $175,824.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders bought 17,900 shares of company stock worth $918,664. Corporate insiders own 0.81% of the company’s stock.

Several hedge funds have recently modified their holdings of DXC. Vanguard Group Inc. grew its position in shares of DXC Technology by 23.2% in the 2nd quarter. Vanguard Group Inc. now owns 25,403,686 shares of the company’s stock worth $1,401,012,000 after buying an additional 4,785,824 shares during the last quarter. Invesco Ltd. grew its position in shares of DXC Technology by 133.7% in the 2nd quarter. Invesco Ltd. now owns 4,199,338 shares of the company’s stock worth $231,593,000 after buying an additional 2,402,773 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of DXC Technology by 369.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,529,825 shares of the company’s stock worth $139,520,000 after buying an additional 1,990,768 shares during the last quarter. Maverick Capital Ltd. grew its position in shares of DXC Technology by 35.4% in the 2nd quarter. Maverick Capital Ltd. now owns 7,254,821 shares of the company’s stock worth $400,103,000 after buying an additional 1,897,988 shares during the last quarter. Finally, Investec Asset Management LTD grew its position in shares of DXC Technology by 91.1% in the 2nd quarter. Investec Asset Management LTD now owns 1,699,755 shares of the company’s stock worth $93,741,000 after buying an additional 810,375 shares during the last quarter. Hedge funds and other institutional investors own 86.67% 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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