DXC Technology (NYSE:DXC) posted its quarterly earnings data on Thursday. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.06, Briefing.com reports. The firm had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.12 billion. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The business’s revenue was up 233.2% compared to the same quarter last year. DXC Technology updated its FY19 guidance to $7.75 8.15 EPS.
DXC Technology stock traded down $0.38 during midday trading on Thursday, hitting $99.70. 2,447,119 shares of the stock were exchanged, compared to its average volume of 1,703,804. DXC Technology has a 52 week low of $73.51 and a 52 week high of $107.85. The firm has a market capitalization of $28.39 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 0.99.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Wednesday, June 6th will be paid a dividend of $0.19 per share. This is a positive change from DXC Technology’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 0.76%. DXC Technology’s dividend payout ratio (DPR) is presently 23.23%.
DXC has been the subject of several research reports. ValuEngine cut shares of DXC Technology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. BMO Capital Markets restated a “buy” rating on shares of DXC Technology in a research report on Friday, February 23rd. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Tuesday, February 13th. SunTrust Banks raised shares of DXC Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, Berenberg Bank assumed coverage on shares of DXC Technology in a research note on Wednesday, April 18th. They issued a “hold” rating and a $100.00 target price on the stock. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $106.06.
In related news, insider John M. Lawrie sold 5,000 shares of DXC Technology stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $103.04, for a total transaction of $515,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William L. Deckelman, Jr. sold 2,886 shares of DXC Technology stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $100.94, for a total transaction of $291,312.84. Following the transaction, the executive vice president now directly owns 13,082 shares in the company, valued at approximately $1,320,497.08. The disclosure for this sale can be found here. Insiders have sold a total of 22,886 shares of company stock worth $2,343,380 in the last three months. 1.30% of the stock is owned by insiders.
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).