Analysts Anticipate Dell Technologies Inc (DVMT) Will Post Earnings of $1.16 Per Share

Equities research analysts forecast that Dell Technologies Inc (NYSE:DVMT) will post $1.16 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Dell Technologies’ earnings. Dell Technologies posted earnings per share of $1.12 in the same quarter last year, which suggests a positive year over year growth rate of 3.6%. The company is expected to issue its next earnings results on Thursday, June 14th.

According to Zacks, analysts expect that Dell Technologies will report full-year earnings of $5.76 per share for the current financial year, with EPS estimates ranging from $5.40 to $6.11. For the next year, analysts expect that the firm will report earnings of $6.39 per share, with EPS estimates ranging from $5.90 to $6.87. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Dell Technologies.

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Dell Technologies (NYSE:DVMT) last issued its quarterly earnings results on Thursday, March 8th. The company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.75. Dell Technologies had a positive return on equity of 23.17% and a negative net margin of 4.74%. The firm had revenue of $21.94 billion during the quarter.

Several equities research analysts recently commented on DVMT shares. Deutsche Bank started coverage on Dell Technologies in a report on Wednesday, February 28th. They issued a “buy” rating and a $114.00 price objective for the company. Wells Fargo started coverage on Dell Technologies in a report on Wednesday, February 28th. They issued an “outperform” rating for the company. Gabelli started coverage on Dell Technologies in a report on Wednesday, January 31st. They issued a “buy” rating and a $106.00 price objective for the company. TheStreet upgraded Dell Technologies from a “d-” rating to a “c-” rating in a report on Wednesday, February 14th. Finally, ValuEngine upgraded Dell Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $110.00.

In other Dell Technologies news, insider David I. Goulden sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $87.48, for a total value of $411,156.00. Following the transaction, the insider now directly owns 19,955 shares of the company’s stock, valued at $1,745,663.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 45.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of DVMT. Renaissance Technologies LLC lifted its position in shares of Dell Technologies by 182.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,700,100 shares of the company’s stock valued at $300,744,000 after buying an additional 2,389,100 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Dell Technologies by 689.2% during the 4th quarter. Two Sigma Investments LP now owns 1,039,256 shares of the company’s stock valued at $84,471,000 after buying an additional 907,577 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Dell Technologies by 310.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,063 shares of the company’s stock valued at $77,850,000 after buying an additional 763,242 shares in the last quarter. J. Goldman & Co LP lifted its position in shares of Dell Technologies by 324.5% during the 4th quarter. J. Goldman & Co LP now owns 943,454 shares of the company’s stock valued at $76,684,000 after buying an additional 721,191 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Dell Technologies by 136.0% during the 4th quarter. Two Sigma Advisers LP now owns 1,138,983 shares of the company’s stock valued at $92,577,000 after buying an additional 656,382 shares in the last quarter. 23.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:DVMT traded up $0.89 on Tuesday, hitting $72.79. 729,925 shares of the company traded hands, compared to its average volume of 2,440,900. Dell Technologies has a 52 week low of $59.92 and a 52 week high of $92.40. 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 company has a market capitalization of $54,849.60, a PE ratio of 11.80, a PEG ratio of 1.37 and a beta of -0.49.

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About Dell Technologies

Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.

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