DXC Technology (NYSE:DXC) Releases Earnings Results

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

DXC Technology Stock Performance

Shares of NYSE:DXC traded up $0.55 during trading on Tuesday, hitting $22.56. The company’s stock had a trading volume of 2,256,394 shares, compared to its average volume of 971,863. 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 firm has a market cap of $4.08 billion, a price-to-earnings ratio of 282.01, a P/E/G ratio of 1.41 and a beta of 1.65. The company has a 50-day moving average of $21.09 and a 200-day moving average of $20.68. DXC Technology has a 12 month low of $14.78 and a 12 month high of $24.83.

Wall Street Analyst Weigh In

DXC has been the topic of several research analyst reports. Susquehanna boosted their price target on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. BMO Capital Markets raised their price objective on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Finally, Morgan Stanley increased their price target on shares of DXC Technology from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.38.

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).