Dell Technologies (NYSE:DELL) Issues Earnings Results

Dell Technologies (NYSE:DELLGet Rating) released its earnings results on Monday. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.71, MarketWatch Earnings reports. Dell Technologies had a negative return on equity of 235.07% and a net margin of 1.74%. The firm had revenue of $24.72 million during the quarter, compared to the consensus estimate of $24.61 billion. During the same period in the prior year, the firm posted $2.37 earnings per share. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Dell Technologies updated its Q4 guidance to $1.50-1.80 EPS.

Dell Technologies Price Performance

DELL stock opened at $43.85 on Wednesday. Dell Technologies has a 52-week low of $32.90 and a 52-week high of $61.54. The company has a 50-day moving average of $37.60 and a two-hundred day moving average of $42.39. The stock has a market capitalization of $32.14 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 0.60 and a beta of 0.92.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Wednesday, October 19th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, October 18th. Dell Technologies’s dividend payout ratio (DPR) is 55.46%.

Insider Buying and Selling at Dell Technologies

In related news, insider William F. Scannell sold 27,536 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $40.20, for a total value of $1,106,947.20. Following the completion of the sale, the insider now owns 343,835 shares in the company, valued at $13,822,167. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 47.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new stake in shares of Dell Technologies during the first quarter worth approximately $27,000. American International Group Inc. acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $139,000. qPULA Trading Management LP acquired a new stake in shares of Dell Technologies in the first quarter valued at approximately $206,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Dell Technologies in the first quarter valued at approximately $228,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of Dell Technologies in the first quarter valued at approximately $231,000. Institutional investors own 26.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DELL shares. Cowen cut their price objective on Dell Technologies from $58.00 to $45.00 and set a “market perform” rating for the company in a research report on Friday, August 26th. Evercore ISI reduced their target price on Dell Technologies from $50.00 to $48.00 in a report on Tuesday. Jefferies Financial Group assumed coverage on Dell Technologies in a report on Monday, October 31st. They issued a “hold” rating and a $39.00 target price for the company. UBS Group reduced their target price on Dell Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Morgan Stanley reduced their target price on Dell Technologies from $54.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, October 17th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $50.38.

About Dell Technologies

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Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

See Also

Earnings History for Dell Technologies (NYSE:DELL)

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