DXC Technology (NYSE:DXC) Updates Q3 Earnings Guidance

DXC Technology (NYSE:DXC) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.75-0.80 for the period, compared to the consensus earnings per share 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 FY25 guidance to $3.00-3.25 EPS.

DXC Technology Trading Up 5.4 %

DXC traded up $1.15 during mid-day trading on Thursday, hitting $22.58. The stock had a trading volume of 2,064,677 shares, compared to its average volume of 2,121,340. The stock’s fifty day simple moving average is $20.62 and its 200-day simple moving average is $19.39. 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 market capitalization of $4.08 billion, a price-to-earnings ratio of 65.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.67. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14.

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

Analysts Set New Price Targets

DXC has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective 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. Finally, BMO Capital Markets raised their price objective on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, DXC Technology presently has an average rating of “Hold” and an average target price of $20.11.

Insider Activity

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

About DXC Technology

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).