Earnings results for Dell Technologies (NYSE:DELL)
Dell Technologies Inc. is expected* to report earnings on 05/27/2021 after market close. The report will be for the fiscal Quarter ending Apr 2021. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.55. The reported EPS for the same quarter last year was $1.34.
Dell Technologies last released its earnings results on February 25th, 2021. The technology company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.19 by $0.51. The business earned $26.15 billion during the quarter, compared to analyst estimates of $24.48 billion. Dell Technologies has generated $8.00 earnings per share over the last year and currently has a price-to-earnings ratio of 23.7. Dell Technologies has confirmed that its next quarterly earnings report will be published on Thursday, May 27th, 2021.
Analyst Opinion on Dell Technologies (NYSE:DELL)
17 Wall Street analysts have issued ratings and price targets for Dell Technologies in the last 12 months. Their average twelve-month price target is $91.72, predicting that the stock has a possible downside of 7.96%. The high price target for DELL is $127.00 and the low price target for DELL is $50.00. There are currently 5 hold ratings and 12 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Dell Technologies has received a consensus rating of Buy. The company’s average rating score is 2.71, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $91.72, Dell Technologies has a forecasted downside of 8.0% from its current price of $99.66. Dell Technologies has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Dell Technologies (NYSE:DELL)
Dell Technologies does not currently pay a dividend. Dell Technologies does not have a long track record of dividend growth.
Insiders buying/selling: Dell Technologies (NYSE:DELL)
In the past three months, Dell Technologies insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $33,520,390.00 in company stock. 47.00% of the stock of Dell Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health. Only 26.95% of the stock of Dell Technologies is held by institutions.
Earnings and Valuation of Dell Technologies (NYSE:DELL
Earnings for Dell Technologies are expected to grow by 9.43% in the coming year, from $7.74 to $8.47 per share. The P/E ratio of Dell Technologies is 23.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.69. The P/E ratio of Dell Technologies is 23.67, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 48.06. Dell Technologies has a PEG Ratio of 1.06. PEG Ratios above 1 indicate that a company could be overvalued. Dell Technologies has a P/B Ratio of 9.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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