Dell Technologies (NYSE:DELL) Posts Earnings Results, Beats Estimates By $0.32 EPS

Dell Technologies (NYSE:DELL) posted its earnings results on Tuesday. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32, Briefing.com reports. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year.

Dell Technologies Stock Down 1.7 %

Shares of DELL traded down $2.42 during trading on Tuesday, reaching $141.74. The company’s stock had a trading volume of 8,998,771 shares, compared to its average volume of 10,003,826. Dell Technologies has a twelve month low of $67.51 and a twelve month high of $179.70. The company has a market cap of $99.56 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.52 and a beta of 0.89. The company has a fifty day moving average of $126.42 and a two-hundred day moving average of $126.91.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.26%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the sale, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This trade represents a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,962,112 shares of company stock valued at $2,114,595,059 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DELL shares. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a research note on Friday, September 27th. They set a “buy” rating and a $144.00 price target on the stock. Wells Fargo & Company increased their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Morgan Stanley boosted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Evercore ISI reissued an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein lowered their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.50.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).