DXC Technology (NYSE:DXC) Posts Quarterly Earnings Results, Beats Expectations By $0.23 EPS

DXC Technology (NYSE:DXC) released its quarterly earnings data on Tuesday. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 DXC stock traded up $0.55 on Tuesday, hitting $22.56. 2,256,394 shares of the stock were exchanged, compared to its average volume of 971,863. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a one year low of $14.78 and a one year high of $24.83. The firm has a market capitalization of $4.08 billion, a PE ratio of 282.01, a P/E/G ratio of 1.41 and a beta of 1.65. The firm’s 50 day moving average is $21.09 and its two-hundred day moving average is $20.68.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DXC. BMO Capital Markets boosted their price target on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Susquehanna upped 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. Finally, Morgan Stanley lifted their price objective on DXC Technology from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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).