DXC Technology (NYSE:DXC) Issues Quarterly Earnings Results

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DXC Technology (NYSE:DXC) posted its quarterly earnings data on Monday. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.06), Briefing.com reports. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.92 billion. DXC Technology had a return on equity of 19.57% and a net margin of 5.70%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.02 EPS.

Shares of DXC Technology stock traded down $0.64 during midday trading on Wednesday, reaching $34.61. The company had a trading volume of 154,193 shares, compared to its average volume of 3,298,689. The stock has a fifty day moving average price of $28.51 and a 200 day moving average price of $43.77. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $7.88 billion, a PE ratio of 4.14, a P/E/G ratio of 1.05 and a beta of 1.92. DXC Technology has a fifty-two week low of $26.02 and a fifty-two week high of $69.45.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Wednesday, December 4th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Tuesday, December 3rd. DXC Technology’s dividend payout ratio is currently 10.07%.

Several research analysts have weighed in on the company. Evercore ISI reiterated a “hold” rating on shares of DXC Technology in a research report on Monday, September 16th. Royal Bank of Canada cut their price target on DXC Technology from $67.00 to $43.00 and set an “outperform” rating on the stock in a research note on Tuesday. ValuEngine raised DXC Technology from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Bank of America cut 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. Finally, Cfra reissued a “hold” rating on shares of DXC Technology in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. DXC Technology currently has a consensus rating of “Hold” and a consensus price target of $49.43.

About DXC Technology

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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Earnings History for DXC Technology (NYSE:DXC)

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