Dell Technologies (NYSE:DELL) Issues Quarterly Earnings Results

Dell Technologies (NYSE:DELL) announced its quarterly earnings data on Tuesday. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32, Briefing.com reports. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS.

Dell Technologies Stock Down 12.2 %

NYSE:DELL opened at $124.38 on Friday. The company’s 50 day moving average is $127.21 and its 200-day moving average is $126.94. The firm has a market cap of $87.36 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.31 and a beta of 0.89. Dell Technologies has a 12 month low of $67.51 and a 12 month high of $179.70.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.43%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Analysts Set New Price Targets

DELL has been the subject of several analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Wells Fargo & Company raised their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Bank of America raised their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Mizuho reduced their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $148.18.

Insider Buying and Selling

In related news, insider William F. Scannell sold 42,595 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,962,112 shares of company stock worth $2,114,595,059 in the last quarter. 46.70% of the stock is currently owned by company insiders.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).