DXC Technology (DXC) Set to Announce Quarterly Earnings on Thursday

DXC Technology (NYSE:DXC - Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, May 16th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

DXC Technology Stock Performance

NYSE DXC traded down $0.28 during mid-day trading on Thursday, reaching $19.62. 1,403,377 shares of the stock were exchanged, compared to its average volume of 2,329,097. DXC Technology has a 1 year low of $18.61 and a 1 year high of $28.89. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.11. The business's 50 day moving average is $20.56 and its 200-day moving average is $21.79. The company has a market capitalization of $3.59 billion, a P/E ratio of -10.41, a P/E/G ratio of 1.72 and a beta of 1.85.

Insider Buying and Selling at DXC Technology

In other news, EVP William L. Deckelman, Jr. sold 18,102 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $21.73, for a total transaction of $393,356.46. Following the transaction, the executive vice president now directly owns 124,806 shares in the company, valued at approximately $2,712,034.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DXC shares. Royal Bank of Canada restated a "sector perform" rating and issued a $24.00 price target on shares of DXC Technology in a research note on Friday, February 2nd. Guggenheim assumed coverage on DXC Technology in a research report on Tuesday, March 19th. They set a "neutral" rating and a $22.00 target price on the stock. Citigroup lowered shares of DXC Technology from a "neutral" rating to a "sell" rating and cut their price target for the stock from $24.00 to $21.00 in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. cut shares of DXC Technology from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $27.00 to $24.00 in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $23.20.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).