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.

Analyst Upgrades and Downgrades

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

DXC Technology Stock Performance

Shares of NYSE DXC traded down $0.92 during midday trading on Friday, reaching $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 stock has a market capitalization of $3.92 billion, a P/E ratio of 270.75, a PEG ratio of 1.87 and a beta of 1.67. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a 50 day moving average price of $20.68 and a 200-day moving average price of $19.41. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14.

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

Insider Buying and Selling at DXC Technology

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