Dell Technologies (NYSE:DELL) Announces Quarterly Earnings Results

Dell Technologies (NYSE:DELL) issued its quarterly earnings results on Tuesday. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32, Briefing.com reports. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the company earned $1.62 earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis.

Dell Technologies Stock Down 12.2 %

NYSE DELL opened at $124.38 on Thursday. The business’s 50-day moving average price is $127.08 and its 200 day moving average price is $126.95. The firm has a market cap of $87.36 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.51 and a beta of 0.89. Dell Technologies has a 52-week low of $67.51 and a 52-week high of $179.70.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.43%. Dell Technologies’s payout ratio is 32.72%.

Wall Street Analysts Forecast Growth

DELL has been the subject of several research reports. Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Bank of America boosted their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Citigroup decreased their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.18.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This trade represents a 37.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. The trade was a 36.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,962,112 shares of company stock valued at $2,114,595,059. 46.70% of the stock is owned by company insiders.

Dell Technologies Company Profile

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).