$137.47 Million in Sales Expected for Dynatrace (NYSE:DT) This Quarter

Posted by Don Miller on Nov 17th, 2019

Dynatrace logo Brokerages expect that Dynatrace (NYSE:DT) will post sales of $137.47 million for the current quarter, according to Zacks. Three analysts have made estimates for Dynatrace’s earnings, with estimates ranging from $137.40 million to $137.50 million. The business is expected to issue its next quarterly earnings results on Wednesday, January 29th.

On average, analysts expect that Dynatrace will report full-year sales of $534.08 million for the current year, with estimates ranging from $534.00 million to $534.24 million. For the next financial year, analysts forecast that the business will post sales of $660.85 million, with estimates ranging from $654.85 million to $672.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Dynatrace.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. The business had revenue of $129.40 million during the quarter, compared to the consensus estimate of $123.57 million. Dynatrace’s revenue for the quarter was up 27.0% on a year-over-year basis.

A number of analysts have commented on DT shares. Citigroup raised Dynatrace from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $28.00 in a report on Thursday, October 31st. Canaccord Genuity started coverage on Dynatrace in a report on Monday, August 26th. They issued a “buy” rating and a $30.00 target price for the company. Goldman Sachs Group started coverage on Dynatrace in a report on Monday, August 26th. They issued a “neutral” rating and a $26.00 target price for the company. Royal Bank of Canada started coverage on Dynatrace in a report on Monday, August 26th. They issued an “outperform” rating and a $28.00 target price for the company. Finally, JMP Securities started coverage on Dynatrace in a report on Monday, August 26th. They issued an “outperform” rating and a $30.00 target price for the company. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $26.04.

Shares of Dynatrace stock traded up $0.36 on Thursday, reaching $21.45. The company’s stock had a trading volume of 411,873 shares, compared to its average volume of 766,098. The company’s fifty day moving average price is $19.24. Dynatrace has a 52 week low of $17.05 and a 52 week high of $27.48. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.64.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System purchased a new position in shares of Dynatrace in the 3rd quarter worth $260,000. Rhumbline Advisers purchased a new position in Dynatrace during the third quarter valued at $395,000. Dean Capital Investments Management LLC purchased a new position in Dynatrace during the third quarter valued at $470,000. Finally, Emerald Advisers LLC purchased a new position in Dynatrace during the third quarter valued at $993,000. Hedge funds and other institutional investors own 0.05% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It offers Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon, Classic Real User Monitoring, Network Application Monitoring, and Synthetic Classic. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.

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Earnings History and Estimates for Dynatrace (NYSE:DT)

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