Analysts expect that DXC Technology Co (NYSE:DXC) will announce $4.92 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for DXC Technology’s earnings. The highest sales estimate is $5.15 billion and the lowest is $4.85 billion. DXC Technology reported sales of $5.28 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.8%. The company is expected to report its next earnings results after the market closes on Tuesday, August 6th.

According to Zacks, analysts expect that DXC Technology will report full-year sales of $20.83 billion for the current fiscal year, with estimates ranging from $20.70 billion to $20.99 billion. For the next year, analysts anticipate that the company will post sales of $21.06 billion, with estimates ranging from $20.76 billion to $21.43 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover DXC Technology.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, May 23rd. The company reported $2.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.12. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.30 billion. DXC Technology had a return on equity of 20.09% and a net margin of 6.06%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.28 EPS.

A number of brokerages have weighed in on DXC. KeyCorp reduced their target price on DXC Technology from $97.00 to $88.00 and set an “overweight” rating on the stock in a report on Monday, May 20th. TheStreet downgraded ZovioInc . from a “c-” rating to a “d” rating in a report on Thursday, May 23rd. Goldman Sachs Group downgraded DXC Technology from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 22nd. Zacks Investment Research downgraded Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Finally, Wells Fargo & Co reduced their target price on DXC Technology from $72.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, May 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $80.92.

Shares of DXC stock traded up $0.15 during trading hours on Wednesday, reaching $56.64. The company’s stock had a trading volume of 1,465,395 shares, compared to its average volume of 2,128,284. The company’s 50 day moving average is $54.45. The firm has a market capitalization of $15.09 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 1.76 and a beta of 1.74. DXC Technology has a fifty-two week low of $46.46 and a fifty-two week high of $96.75. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.47.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Wednesday, June 5th were issued a dividend of $0.21 per share. This is an increase from DXC Technology’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.48%. DXC Technology’s dividend payout ratio (DPR) is 10.07%.

In related news, insider John M. Lawrie bought 4,166 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was acquired at an average cost of $56.26 per share, with a total value of $234,379.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joanne Mason sold 48,679 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $51.99, for a total value of $2,530,821.21. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Boston Partners raised its position in DXC Technology by 3.0% during the 1st quarter. Boston Partners now owns 9,911,245 shares of the company’s stock worth $637,393,000 after purchasing an additional 292,941 shares during the last quarter. Geode Capital Management LLC raised its position in DXC Technology by 11.3% during the 4th quarter. Geode Capital Management LLC now owns 4,452,857 shares of the company’s stock worth $236,418,000 after purchasing an additional 451,768 shares during the last quarter. FMR LLC raised its position in DXC Technology by 6.8% during the 1st quarter. FMR LLC now owns 3,849,597 shares of the company’s stock worth $247,567,000 after purchasing an additional 245,363 shares during the last quarter. Dimensional Fund Advisors LP raised its position in DXC Technology by 14.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,299,958 shares of the company’s stock worth $175,464,000 after purchasing an additional 411,494 shares during the last quarter. Finally, Norges Bank bought a new position in DXC Technology during the 4th quarter worth $147,443,000. 85.67% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for DXC Technology (NYSE:DXC)

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