DXC Technology (NYSE:DXC) Announces Earnings Results, Beats Estimates By $0.14 EPS

DXC Technology (NYSE:DXCGet Free Report) announced its earnings results on Thursday. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14, Briefing.com reports. DXC Technology had a return on equity of 17.88% and a net margin of 0.67%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period last year, the business posted $1.02 EPS. DXC Technology’s revenue for the quarter was down 5.6% on a year-over-year basis.

DXC Technology Trading Down 16.9 %

Shares of DXC stock opened at $16.52 on Friday. The business’s 50 day moving average is $20.33 and its two-hundred day moving average is $21.76. DXC Technology has a twelve month low of $15.70 and a twelve month high of $28.89. The company has a market capitalization of $3.02 billion, a P/E ratio of 44.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $21.73, for a total value of $393,356.46. Following the transaction, the executive vice president now directly owns 124,806 shares in the company, valued at approximately $2,712,034.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DXC. Susquehanna lowered their target price on DXC Technology from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Friday. Guggenheim started coverage on DXC Technology in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 price target on the stock. Royal Bank of Canada reduced their price target on DXC Technology from $24.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Friday. BMO Capital Markets reduced their price target on DXC Technology from $23.00 to $17.50 and set a “market perform” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. lowered DXC Technology from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $27.00 to $24.00 in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, DXC Technology currently has an average rating of “Hold” and an average price target of $20.41.

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About DXC Technology

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DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).

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Earnings History for DXC Technology (NYSE:DXC)

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