DXC Technologies (NYSE:DXC – Get Rating) – Investigation analysts at Zacks Investigation reduce their Q1 2024 earnings per share (EPS) estimates for DXC Technologies in a report released on Thursday, June 1st. Zacks Investigation analyst A. Bhagat now expects that the corporation will post earnings of $.84 per share for the quarter, down from their prior estimate of $.93. The consensus estimate for DXC Technology’s existing complete-year earnings is $three.84 per share. Zacks Investigation also issued estimates for DXC Technology’s Q2 2024 earnings at $.91 EPS, Q3 2024 earnings at $.99 EPS, Q4 2024 earnings at $1.06 EPS, FY2024 earnings at $three.80 EPS, Q1 2025 earnings at $.99 EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $1.05 EPS, Q4 2025 earnings at $1.05 EPS, FY2025 earnings at $four.09 EPS and FY2026 earnings at $four.33 EPS.
DXC has been the topic of a quantity of other reports. Royal Bank of Canada reduce their price tag target on DXC Technologies from $38.00 to $34.00 in a report on Friday, May perhaps 19th. BMO Capital Markets dropped their target price tag on DXC Technologies from $33.00 to $27.00 in a investigation note on Friday, May perhaps 19th. Deutsche Bank Aktiengesellschaft dropped their target price tag on DXC Technologies from $48.00 to $35.00 and set a “purchase” rating for the corporation in a investigation note on Thursday, February 2nd. TheStreet lowered DXC Technologies from a “b-” rating to a “c-” rating in a investigation note on Thursday, May perhaps 18th. Lastly, Morgan Stanley dropped their target price tag on DXC Technologies from $27.00 to $25.00 in a investigation note on Friday, May perhaps 19th. One particular equities investigation analyst has rated the stock with a sell rating, 4 have assigned a hold rating and 5 have issued a purchase rating to the company’s stock. Primarily based on information from MarketBeat.com, DXC Technologies presently has an typical rating of “Hold” and a consensus target price tag of $31.75.
DXC Technologies Price tag Functionality
NYSE DXC opened at $24.79 on Friday. DXC Technologies has a fifty-two week low of $22.11 and a fifty-two week higher of $36.00. The company has a fifty day moving typical of $24.21 and a 200-day moving typical of $26.44. The corporation has a debt-to-equity ratio of 1.02, a existing ratio of 1.18 and a fast ratio of 1.18.
DXC Technologies (NYSE:DXC – Get Rating) final released its quarterly earnings outcomes on Thursday, May perhaps 18th. The corporation reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. DXC Technologies had a optimistic return on equity of 17.23% and a damaging net margin of three.94%. The corporation had income of $three.59 billion through the quarter, compared to analysts’ expectations of $three.62 billion. For the duration of the very same period in the preceding year, the firm posted $.84 earnings per share. The business’s income for the quarter was down ten.four% compared to the very same quarter final year.
Institutional Investors Weigh In On DXC Technologies
A number of institutional investors and hedge funds have not too long ago modified their holdings of the stock. ProShare Advisors LLC boosted its position in shares of DXC Technologies by 9.five% in the 1st quarter. ProShare Advisors LLC now owns 89,249 shares of the company’s stock worth $two,281,000 soon after getting an further 7,750 shares through the period. Toroso Investments LLC boosted its holdings in DXC Technologies by 25.two% in the 1st quarter. Toroso Investments LLC now owns 16,086 shares of the company’s stock valued at $411,000 soon after acquiring an further three,236 shares through the final quarter. Ameriprise Economic Inc. boosted its holdings in DXC Technologies by 19.7% in the 1st quarter. Ameriprise Economic Inc. now owns three,201,164 shares of the company’s stock valued at $81,822,000 soon after acquiring an further 527,177 shares through the final quarter. JPMorgan Chase & Co. boosted its holdings in DXC Technologies by 24.% in the 1st quarter. JPMorgan Chase & Co. now owns 419,619 shares of the company’s stock valued at $ten,726,000 soon after acquiring an further 81,142 shares through the final quarter. Lastly, IMA Wealth Inc. boosted its holdings in DXC Technologies by two.% in the 1st quarter. IMA Wealth Inc. now owns 74,814 shares of the company’s stock valued at $1,912,000 soon after acquiring an further 1,449 shares through the final quarter. Hedge funds and other institutional investors personal 89.19% of the company’s stock.
About DXC Technologies
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DXC Technologies Co offers technologies consulting, outsourcing and assistance solutions. It operates via the following segments: International Small business Solutions (GBS) and International Infrastructure Solutions (GIS). The GBS segment offers technologies options that enable clientele address challenges and accelerate the digital transformations that are tailored to each and every client’s precise objectives.
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