DXC Technology (NYSE:DXC – Get Score) up-to-date its FY23 earnings assistance on Wednesday. The corporation provided earnings for each share steerage of $3.85-4.15 for the interval, in contrast to the consensus earnings for every share estimate of $4.21. The business issued income steering of $14.90-15.05 billion, compared to the consensus revenue estimate of $16.07 billion.DXC Engineering also current its FY 2023 steering to $3.85-$4.15 EPS.
Numerous analysts have commented on the inventory. Zacks Investment Study upgraded shares of DXC Technological innovation from a provide score to a hold rating and set a $37.00 price tag goal for the company in a investigate observe on Friday, February 4th. JPMorgan Chase & Co. minimize their value focus on on DXC Technology from $41.00 to $39.00 and set an underweight score on the stock in a research report on Tuesday, March 22nd. BMO Funds Markets decreased their price tag aim on DXC Technologies from $40.00 to $35.00 in a report on Tuesday, January 25th. Lender of The usa minimize DXC Technology from a get ranking to an underperform ranking and minimized their rate target for the corporation from $45.00 to $30.00 in a investigate report on Wednesday, March 9th. Finally, Citigroup dropped their value goal on shares of DXC Technological know-how from $45.00 to $43.00 in a research observe on Wednesday, April 20th. Two exploration analysts have rated the inventory with a offer score, two have issued a maintain ranking and seven have assigned a obtain rating to the stock. Primarily based on knowledge from MarketBeat, the inventory at this time has a consensus ranking of Hold and an typical price tag focus on of $41.75.
DXC stock traded up $.01 throughout buying and selling on Wednesday, hitting $29.45. The inventory had a buying and selling volume of 3,712,641 shares, compared to its normal quantity of 2,093,842. The enterprise has a debt-to-equity ratio of .83, a current ratio of 1.12 and a speedy ratio of 1.12. DXC Technology has a twelve month reduced of $27.28 and a twelve thirty day period high of $44.18. The stock has a industry 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-day relocating average rate is $30.75 and its two-hundred working day shifting regular selling price is $31.90.
DXC Know-how (NYSE:DXC – Get Score) previous introduced its quarterly earnings facts on Wednesday, May well 25th. The organization described $.84 earnings per share for the quarter, missing analysts’ consensus estimates of $.99 by ($.15). The organization had revenue of $4.01 billion all through the quarter, in contrast to analysts’ anticipations of $4.12 billion. DXC Know-how had a negative internet margin of 3.67% and a positive return on fairness of 16.81%. The company’s earnings for the quarter was down 8.6% on a year-over-yr basis. During the identical quarter in the previous year, the business posted $.74 EPS. As a team, sell-facet analysts expect that DXC Technological know-how will post 3.66 EPS for the current fiscal yr.
Substantial traders have recently modified their holdings of the business. Cibc Entire world Markets Corp grew its holdings in DXC Know-how by 65.3% in the 1st quarter. Cibc Entire world Markets Corp now owns 14,863 shares of the company’s stock valued at $485,000 right after buying an supplemental 5,871 shares in the past quarter. William Blair Investment decision Management LLC boosted its holdings in DXC Technological know-how by 8.3% in the 4th quarter. William Blair Expense Administration LLC now owns 12,879 shares of the company’s stock valued at $415,000 soon after getting an added 984 shares all through the last quarter. Mirabella Fiscal Products and services LLP ordered a new stake in DXC Technology in the very first quarter valued at $354,000. Vident Financial commitment Advisory LLC raised its placement in DXC Technological know-how by 29.9% in the initial quarter. Vident Expense Advisory LLC now owns 9,828 shares of the company’s stock valued at $319,000 right after obtaining an extra 2,265 shares all through the period. At last, Echo Road Capital Administration LLC obtained a new stake in shares of DXC Technological innovation in the course of the initial quarter valued at about $314,000. Institutional investors very own 89.41% of the company’s stock.
DXC Know-how Firm Profile (Get Rating)
DXC Technological innovation Enterprise, together with its subsidiaries, offers information and facts know-how providers and methods principally in North America, Europe, Asia, and Australia. It operates in two segments, World wide Organization Providers (GBS) and World wide Infrastructure Companies (GIS). The GBS segment provides a portfolio of analytics expert services and substantial husband or wife ecosystem that help its customers to achieve rapid insights, automate operations, and accelerate their digital transformation journeys and software program engineering and solutions that permit corporations to run and control their mission-crucial capabilities, completely transform their functions, and produce new methods of doing enterprise.
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