DXC Technology (NYSE:DXC) Posts Earnings Results, Beats Estimates By $0.23 EPS

DXC Technology (NYSE:DXC) released its quarterly earnings data on Tuesday. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23, Zacks reports. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%.

DXC Technology Price Performance

Shares of NYSE:DXC traded up $0.55 during midday trading on Tuesday, reaching $22.56. The company’s stock had a trading volume of 2,256,408 shares, compared to its average volume of 974,845. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $4.08 billion, a P/E ratio of 282.01, a P/E/G ratio of 1.41 and a beta of 1.65. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $24.83. The business’s fifty day simple moving average is $21.09 and its 200-day simple moving average is $20.68.

Wall Street Analysts Forecast Growth

DXC has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday. Susquehanna upped their price target on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets increased their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, DXC Technology currently has an average rating of “Hold” and an average price target of $21.38.

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).