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

DXC Technology (NYSE:DXC) issued its quarterly earnings results on Tuesday. The company reported $0.92 EPS for the quarter, topping the consensus estimate 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 Stock Up 2.5 %

Shares of NYSE:DXC traded up $0.55 during trading on Tuesday, hitting $22.56. 2,256,408 shares of the company’s stock traded hands, compared to its average volume of 974,845. The company has a 50-day moving average price of $21.09 and a 200-day moving average price of $20.68. DXC Technology has a 52 week low of $14.78 and a 52 week high of $24.83. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 282.01, a price-to-earnings-growth ratio of 1.41 and a beta of 1.65.

Wall Street Analyst Weigh In

A number of analysts have commented on DXC shares. BMO Capital Markets lifted their target price on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Susquehanna increased their target price on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Morgan Stanley boosted their target price on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, DXC Technology currently has a consensus rating of “Hold” and a consensus target price 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).