DXC Technology (NYSE:DXC) Issues FY25 Earnings Guidance

DXC Technology (NYSE:DXC) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $3.00-3.25 for the period, compared to the consensus EPS estimate of $2.87. The company issued revenue guidance of $12.9-13.1 billion, compared to the consensus revenue estimate of $12.88 billion. DXC Technology also updated its Q3 guidance to $0.75-0.80 EPS.

DXC Technology Price Performance

NYSE:DXC traded up $1.15 during mid-day trading on Thursday, hitting $22.58. 2,064,677 shares of the stock traded hands, compared to its average volume of 2,121,340. The business’s 50-day moving average price is $20.62 and its 200 day moving average price is $19.39. The company has a market cap of $4.08 billion, a PE ratio of 65.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.67. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.21.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.57 by $0.17. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. On average, analysts expect that DXC Technology will post 2.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DXC has been the subject of several research analyst reports. Royal Bank of Canada lifted their target price on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, BMO Capital Markets boosted their price objective on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.11.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the transaction, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Mary E. Finch sold 31,047 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the sale, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at $6,304,874.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the sale, the senior vice president now directly owns 83,746 shares in the company, valued at $1,789,652.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

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).