Dell Technologies (DELL) to Release Quarterly Earnings on Tuesday

Dell Technologies (NYSE:DELL) is scheduled to announce its earnings results after the market closes on Tuesday, November 26th. Analysts expect the company to announce earnings of $1.83 per share for the quarter. Dell Technologies has set its FY25 guidance at $7.55-8.05 EPS and its Q3 guidance at $1.90-2.10 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 EPS. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts expect Dell Technologies to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $144.21 on Friday. Dell Technologies has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The business has a 50-day simple moving average of $125.84 and a two-hundred day simple moving average of $126.86. The firm has a market cap of $101.29 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 32.72%.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,954,112 shares of company stock worth $2,113,449,139. 46.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Mizuho assumed coverage on Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price objective for the company. Morgan Stanley upped their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Raymond James decreased their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday. Finally, Barclays increased their price target on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.50.

About Dell Technologies

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).