DXC Technology (NYSE:DXC) Releases Q3 Earnings Guidance

DXC Technology (NYSE:DXC) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.75-0.80 for the period, compared to the consensus estimate of $0.69. The company issued revenue guidance of $3.2-3.3 billion, compared to the consensus revenue estimate of $3.21 billion. DXC Technology also updated its FY 2025 guidance to 3.000-3.250 EPS.

DXC Technology Price Performance

Shares of DXC traded down $0.92 during midday trading on Friday, hitting $21.66. The company’s stock had a trading volume of 5,981,665 shares, compared to its average volume of 1,020,818. The company’s fifty day simple moving average is $20.68 and its two-hundred day simple moving average is $19.41. DXC Technology has a one year low of $14.78 and a one year high of $25.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 270.75, a price-to-earnings-growth ratio of 1.87 and a beta of 1.67.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.57 by $0.17. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.14 billion. As a group, equities analysts expect that DXC Technology will post 2.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on DXC. Royal Bank of Canada lifted their target price on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Susquehanna upped their target price on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday. Finally, BMO Capital Markets increased their target price on shares of DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.56.

Insider Buying and Selling

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the transaction, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the transaction, the senior vice president now owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.36, for a total value of $601,069.92. Following the sale, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at $6,304,874.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).