KeyCorp Analysts Boost Earnings Estimates for DXC Technology (DXC)
DXC Technology (NYSE:DXC) – Equities researchers at KeyCorp boosted their FY2018 EPS estimates for shares of DXC Technology in a note issued to investors on Thursday. KeyCorp analyst A. Ramnani now expects that the company will post earnings of $7.89 per share for the year, up from their previous forecast of $7.55. KeyCorp has a “Overweight” rating and a $116.00 price target on the stock. KeyCorp also issued estimates for DXC Technology’s Q4 2018 earnings at $2.22 EPS, Q1 2019 earnings at $1.89 EPS, Q2 2019 earnings at $2.15 EPS, Q3 2019 earnings at $2.46 EPS, Q4 2019 earnings at $2.30 EPS and FY2019 earnings at $8.80 EPS.
DXC has been the subject of a number of other reports. BMO Capital Markets raised their price objective on shares of DXC Technology from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. SunTrust Banks raised their price objective on shares of DXC Technology to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 13th. Deutsche Bank raised their price objective on shares of DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday. Evercore ISI assumed coverage on shares of DXC Technology in a research note on Tuesday, October 17th. They set an “outperform” rating and a $115.00 price objective for the company. Finally, Citigroup reissued a “buy” rating and set a $117.00 price objective (up from $107.00) on shares of DXC Technology in a research note on Thursday, January 18th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $103.33.
DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.16. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.19 billion. The firm’s revenue for the quarter was up 222.7% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in DXC Technology by 1.7% during the fourth quarter. BlackRock Inc. now owns 18,334,186 shares of the company’s stock worth $1,739,915,000 after acquiring an additional 300,394 shares during the last quarter. Boston Partners boosted its holdings in shares of DXC Technology by 4.4% in the 3rd quarter. Boston Partners now owns 12,688,006 shares of the company’s stock valued at $1,089,645,000 after purchasing an additional 532,468 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of DXC Technology by 67.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock valued at $341,768,000 after purchasing an additional 1,619,573 shares during the last quarter. Investec Asset Management LTD boosted its holdings in shares of DXC Technology by 153.8% in the 3rd quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock valued at $329,398,000 after purchasing an additional 2,324,095 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of DXC Technology by 27.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock valued at $279,377,000 after purchasing an additional 699,026 shares during the last quarter. Hedge funds and other institutional investors own 84.62% of the company’s stock.
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About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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