Dell Technologies (DVMT) Announces Quarterly Earnings Results

Dell Technologies (NYSE:DVMT) released its earnings results on Monday. The company reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.34, reports. Dell Technologies had a negative net margin of 4.74% and a positive return on equity of 23.17%. During the same quarter last year, the business earned $0.75 earnings per share.

Dell Technologies opened at $86.60 on Monday, Marketbeat Ratings reports. Dell Technologies has a 52-week low of $59.92 and a 52-week high of $92.40. The company has a market cap of $65.28 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 1.53 and a beta of -0.33. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 2.94.

Several research firms have recently issued reports on DVMT. TheStreet upgraded shares of Dell Technologies from a “d-” rating to a “c-” rating in a report on Wednesday, February 14th. ValuEngine lowered shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Deutsche Bank began coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They set a “buy” rating and a $114.00 target price for the company. Zacks Investment Research lowered shares of Dell Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 14th. Finally, Stifel Nicolaus lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $101.00.

Dell Technologies Company Profile

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.

Earnings History for Dell Technologies (NYSE:DVMT)

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