DXC Technology Company. (DXC) Declares Quarterly Dividend of $0.18
DXC Technology Company. (NYSE:DXC) announced a quarterly dividend on Monday, November 13th, Wall Street Journal reports. Shareholders of record on Wednesday, December 6th will be paid a dividend of 0.18 per share on Tuesday, January 16th. This represents a $0.72 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 5th.
DXC Technology Company. has a dividend payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect DXC Technology Company. to earn $8.43 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 8.5%.
Shares of DXC Technology Company. (NYSE:DXC) opened at $96.80 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The stock has a market cap of $27,368.68, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 1.67 and a beta of 1.01. DXC Technology Company. has a 1 year low of $67.76 and a 1 year high of $99.00.
DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.40. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.07 billion. DXC Technology Company. had a net margin of 1.88% and a return on equity of 17.83%. DXC Technology Company.’s revenue for the quarter was up 229.4% compared to the same quarter last year. sell-side analysts anticipate that DXC Technology Company. will post 7.17 EPS for the current fiscal year.
In other DXC Technology Company. news, EVP Michael G. Nefkens sold 35,340 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total transaction of $3,251,280.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
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Several brokerages have recently commented on DXC. SunTrust Banks, Inc. raised their target price on shares of DXC Technology Company. to $100.00 and gave the stock a “hold” rating in a report on Monday. Barclays PLC raised their target price on shares of DXC Technology Company. from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. BMO Capital Markets raised their target price on shares of DXC Technology Company. from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Stifel Nicolaus raised their target price on shares of DXC Technology Company. from $86.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $93.00 target price on shares of DXC Technology Company. in a report on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $99.59.
DXC Technology Company. Company Profile
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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