DXC Technology (NYSE:DXC) Issues FY 2027 Earnings Guidance

DXC Technology (NYSE:DXC) updated its FY 2027 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.400-2.900 for the period, compared to the consensus EPS estimate of 2.610. The company issued revenue guidance of -.

DXC Technology Stock Performance

Shares of DXC opened at $8.80 on Friday. DXC Technology has a 52-week low of $7.90 and a 52-week high of $16.45. The stock’s 50-day simple moving average is $9.90 and its 200 day simple moving average is $12.34. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 146.60 and a beta of 0.81.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. DXC Technology had a return on equity of 17.24% and a net margin of 0.14%.The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. Research analysts forecast that DXC Technology will post 2.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DXC shares. BMO Capital Markets lowered their price objective on DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a research report on Monday, May 11th. Zacks Research lowered shares of DXC Technology from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. TD Cowen lowered their price target on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Wall Street Zen cut DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Weiss Ratings lowered DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Six analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $12.75.

Insider Buying and Selling

In other DXC Technology news, CEO Raul J. Fernandez purchased 28,051 shares of the stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $8.90 per share, with a total value of $249,653.90. Following the completion of the purchase, the chief executive officer directly owned 844,052 shares of the company’s stock, valued at approximately $7,512,062.80. This trade represents a 3.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DXC. Parvin Asset Management LLC bought a new stake in shares of DXC Technology during the third quarter valued at approximately $245,000. FORA Capital LLC bought a new position in DXC Technology in the fourth quarter worth $245,000. Lido Advisors LLC raised its holdings in DXC Technology by 6.1% in the fourth quarter. Lido Advisors LLC now owns 17,383 shares of the company’s stock worth $241,000 after purchasing an additional 1,003 shares in the last quarter. Cetera Investment Advisers lifted its position in DXC Technology by 21.0% during the fourth quarter. Cetera Investment Advisers now owns 14,910 shares of the company’s stock valued at $218,000 after buying an additional 2,584 shares during the period. Finally, Captrust Financial Advisors lifted its position in DXC Technology by 14.4% during the second quarter. Captrust Financial Advisors now owns 13,798 shares of the company’s stock valued at $211,000 after buying an additional 1,742 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.