Brokerages forecast that Dell Technologies (NYSE:DVMT) will post earnings of $1.16 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Dell Technologies’ earnings. Dell Technologies reported earnings of $1.12 per share during the same quarter last year, which suggests a positive year over year growth rate of 3.6%. The business is expected to report its next quarterly earnings report before the market opens on Monday, June 4th.
According to Zacks, analysts expect that Dell Technologies will report full year earnings of $5.76 per share for the current fiscal year, with EPS estimates ranging from $5.40 to $6.11. For the next fiscal year, analysts forecast that the firm will post earnings of $6.39 per share, with EPS estimates ranging from $5.90 to $6.87. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Dell Technologies.
Get Dell Technologies alerts:Dell Technologies (NYSE:DVMT) last announced its quarterly earnings data on Thursday, March 8th. The company reported $2.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.75. The firm had revenue of $21.94 billion during the quarter. Dell Technologies had a positive return on equity of 23.17% and a negative net margin of 4.74%.
A number of brokerages have issued reports on DVMT. Zacks Investment Research cut Dell Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 14th. ValuEngine cut Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Stifel Nicolaus cut Dell Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Wells Fargo & Co began coverage on Dell Technologies in a report on Wednesday, February 28th. They set an “outperform” rating on the stock. Finally, Deutsche Bank began coverage on Dell Technologies in a report on Wednesday, February 28th. They set a “buy” rating and a $114.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $101.00.
Institutional investors and hedge funds have recently modified their holdings of the business. Accident Compensation Corp boosted its holdings in Dell Technologies by 17.9% during the fourth quarter. Accident Compensation Corp now owns 44,776 shares of the company’s stock worth $3,639,000 after buying an additional 6,805 shares during the last quarter. BBT Capital Management LLC boosted its holdings in Dell Technologies by 33.5% during the fourth quarter. BBT Capital Management LLC now owns 195,091 shares of the company’s stock worth $15,857,000 after buying an additional 48,902 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in Dell Technologies by 5.3% during the fourth quarter. Glenmede Trust Co. NA now owns 68,869 shares of the company’s stock worth $5,596,000 after buying an additional 3,466 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Dell Technologies by 3.2% during the fourth quarter. California Public Employees Retirement System now owns 432,347 shares of the company’s stock worth $35,141,000 after buying an additional 13,293 shares during the last quarter. Finally, Dalton Investments LLC bought a new position in Dell Technologies during the fourth quarter worth about $3,081,000. Hedge funds and other institutional investors own 22.55% of the company’s stock.
Shares of DVMT stock opened at $82.67 on Friday. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.85 and a quick ratio of 0.79. The stock has a market capitalization of $62.14 billion, a P/E ratio of 13.40, a PEG ratio of 1.55 and a beta of -0.45. Dell Technologies has a 12 month low of $59.92 and a 12 month high of $92.40.
About Dell Technologies
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide. It operates through three segments: Client Solutions Group (CSG), Infrastructure Solutions Group (ISG), and VMware. The CSG segment offers hardware, such as desktop personal computers, notebooks, and workstations; and branded peripherals, including monitors and projectors; third-party software and peripherals; and attached software, peripherals, and services comprising support and deployment, configuration, and extended warranty services.
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