DXC Technology (NYSE:DXC) Releases Q1 Earnings Guidance4 min read
DXC Know-how (NYSE:DXC – Get Rating) issued an update on its 1st quarter earnings steerage on Wednesday early morning. The enterprise provided EPS advice of $.80-.85 for the interval, when compared to the consensus EPS estimate of $.94. The corporation issued revenue advice of $3.70-3.75 billion, compared to the consensus profits estimate of $4.03 billion.DXC Technology also up-to-date its FY 2023 steerage to $3.85-$4.15 EPS.
A selection of analysts have weighed in on DXC shares. JPMorgan Chase & Co. decreased their value target on shares of DXC Technologies from $41.00 to $39.00 and established an underweight rating for the business in a report on Tuesday, March 22nd. Citigroup reduced their focus on rate on shares of DXC Know-how from $45.00 to $43.00 in a investigate report on Wednesday, April 20th. Bank of The us decreased shares of DXC Engineering from a invest in ranking to an underperform score and lowered their value goal for the inventory from $45.00 to $30.00 in a exploration take note on Wednesday, March 9th. Zacks Investment decision Investigation upgraded DXC Engineering from a offer ranking to a keep score and established a $37.00 rate objective for the business in a report on Friday, February 4th. At last, Cowen lower their value goal on shares of DXC Technological know-how from $50.00 to $45.00 in a report on Thursday, February 3rd. Two analysts have rated the inventory with a offer ranking, two have assigned a keep ranking and seven have given a get rating to the business. According to information from MarketBeat, the stock has an average rating of Keep and an ordinary target price of $41.75.
DXC inventory traded up $.01 through midday investing on Wednesday, reaching $29.45. The company’s inventory had a investing volume of 3,712,641 shares, in contrast to its typical quantity of 2,093,842. DXC Know-how has a 1 year low of $27.28 and a 1 year substantial of $44.18. The corporation has a credit card debt-to-fairness ratio of .83, a quick ratio of 1.12 and a present-day ratio of 1.12. The stock has a fifty day simple shifting average of $30.75 and a two-hundred working day uncomplicated shifting average of $31.90. The firm has a industry capitalization of $7.20 billion, a price tag-to-earnings ratio of -12.12, a PEG ratio of .26 and a beta of 2.15.
DXC Engineering (NYSE:DXC – Get Ranking) very last posted its quarterly earnings effects on Wednesday, Could 25th. The organization described $.84 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $.99 by ($.15). DXC Engineering experienced a good return on equity of 16.81% and a negative internet margin of 3.67%. The company experienced earnings of $4.01 billion for the quarter, when compared to the consensus estimate of $4.12 billion. Throughout the identical time period in the former calendar year, the company posted $.74 EPS. DXC Technology’s quarterly profits was down 8.6% in contrast to the same quarter previous 12 months. As a group, analysts forecast that DXC Technologies will article 3.66 EPS for the recent fiscal year.
Various institutional investors have just lately made variations to their positions in DXC. Toroso Investments LLC ordered a new stake in shares of DXC Technology in the fourth quarter valued at $230,000. Glenmede Have confidence in Co. NA grew its position in shares of DXC Technology by 14.4% during the fourth quarter. Glenmede Have confidence in Co. NA now owns 7,201 shares of the company’s stock well worth $231,000 immediately after acquiring an more 907 shares all through the final quarter. Forum Fiscal Administration LP bought a new stake in DXC Technological innovation through the 4th quarter valued at $240,000. Prudential PLC purchased a new posture in DXC Technological innovation through the 1st quarter valued at $240,000. Finally, HighTower Advisors LLC raised its holdings in DXC Technologies by 11.7% during the 1st quarter. HighTower Advisors LLC now owns 8,776 shares of the company’s stock worthy of $284,000 after purchasing an further 921 shares through the period. 89.41% of the inventory is owned by institutional traders and hedge money.
About DXC Technology (Get Rating)
DXC Technologies Company, together with its subsidiaries, offers data technological innovation companies and solutions mainly in North America, Europe, Asia, and Australia. It operates in two segments, World Business Solutions (GBS) and World wide Infrastructure Providers (GIS). The GBS phase offers a portfolio of analytics expert services and intensive husband or wife ecosystem that help its consumers to get rapid insights, automate functions, and speed up their electronic transformation journeys and software package engineering and alternatives that enable companies to run and manage their mission-significant functions, transform their operations, and build new approaches of executing company.
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