DXC Technology (NYSE:DXC) Issues FY23 Earnings Guidance
DXC Technology (NYSE:DXC – Get Score) up-to-date its FY23 earnings direction on Wednesday. The enterprise furnished earnings per share steerage of $3.85-4.15 for the time period, in contrast to the consensus earnings for every share estimate of $4.21. The company issued earnings guidance of $14.90-15.05 billion, compared to the consensus earnings estimate of $16.07 billion.DXC Technology also up-to-date its FY 2023 steerage to $3.85-$4.15 EPS.
Many analysts have commented on the inventory. Zacks Investment Analysis upgraded shares of DXC Engineering from a promote ranking to a hold ranking and set a $37.00 value aim for the organization in a investigation notice on Friday, February 4th. JPMorgan Chase & Co. cut their selling price focus on on DXC Technological know-how from $41.00 to $39.00 and established an underweight rating on the stock in a study report on Tuesday, March 22nd. BMO Funds Markets lessened their value objective on DXC Technologies from $40.00 to $35.00 in a report on Tuesday, January 25th. Financial institution of The us cut DXC Know-how from a purchase score to an underperform rating and reduced their value focus on for the firm from $45.00 to $30.00 in a study report on Wednesday, March 9th. Last but not least, Citigroup dropped their price tag aim on shares of DXC Technological know-how from $45.00 to $43.00 in a research take note on Wednesday, April 20th. Two study analysts have rated the inventory with a promote rating, two have issued a hold rating and 7 have assigned a acquire score to the inventory. Based on information from MarketBeat, the inventory at present has a consensus score of Maintain and an common price tag goal of $41.75.
DXC inventory traded up $.01 throughout investing on Wednesday, hitting $29.45. The stock experienced a trading quantity of 3,712,641 shares, compared to its typical volume of 2,093,842. The firm has a credit card debt-to-equity ratio of .83, a present-day ratio of 1.12 and a rapid ratio of 1.12. DXC Technological know-how has a twelve month very low of $27.28 and a twelve thirty day period significant of $44.18. The inventory has a sector capitalization of $7.20 billion, a P/E ratio of -12.12, a PEG ratio of .26 and a beta of 2.15. The company’s 50-working day transferring normal selling price is $30.75 and its two-hundred day going regular cost is $31.90.
DXC Technologies (NYSE:DXC – Get Ranking) past announced its quarterly earnings knowledge on Wednesday, Might 25th. The organization claimed $.84 earnings for every share for the quarter, lacking analysts’ consensus estimates of $.99 by ($.15). The company had revenue of $4.01 billion during the quarter, in comparison to analysts’ anticipations of $4.12 billion. DXC Technological know-how had a adverse web margin of 3.67% and a constructive return on fairness of 16.81%. The company’s income for the quarter was down 8.6% on a year-about-year basis. All through the similar quarter in the former yr, the business posted $.74 EPS. As a team, promote-side analysts be expecting that DXC Technologies will submit 3.66 EPS for the latest fiscal 12 months.
Massive traders have just lately modified their holdings of the organization. Cibc Earth Marketplaces Corp grew its holdings in DXC Technological know-how by 65.3% in the 1st quarter. Cibc Planet Marketplaces Corp now owns 14,863 shares of the company’s stock valued at $485,000 following buying an extra 5,871 shares in the previous quarter. William Blair Expenditure Management LLC boosted its holdings in DXC Technologies by 8.3% in the 4th quarter. William Blair Financial investment Management LLC now owns 12,879 shares of the company’s inventory valued at $415,000 soon after buying an additional 984 shares in the course of the final quarter. Mirabella Economical Products and services LLP ordered a new stake in DXC Know-how in the initially quarter valued at $354,000. Vident Expenditure Advisory LLC elevated its situation in DXC Technological innovation by 29.9% in the initially quarter. Vident Financial investment Advisory LLC now owns 9,828 shares of the company’s stock valued at $319,000 after paying for an additional 2,265 shares in the course of the period of time. Eventually, Echo Street Cash Management LLC obtained a new stake in shares of DXC Know-how in the course of the first quarter valued at about $314,000. Institutional buyers own 89.41% of the company’s inventory.
DXC Technology Corporation Profile (Get Score)
DXC Technologies Organization, alongside one another with its subsidiaries, offers info technological know-how expert services and remedies mostly in North The usa, Europe, Asia, and Australia. It operates in two segments, World wide Enterprise Providers (GBS) and Global Infrastructure Companies (GIS). The GBS phase features a portfolio of analytics products and services and in depth spouse ecosystem that assistance its consumers to achieve rapid insights, automate operations, and accelerate their digital transformation journeys and software package engineering and remedies that allow enterprises to run and handle their mission-crucial features, renovate their operations, and establish new techniques of performing company.
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