Dell Technologies (NYSE:DELL) Announces Quarterly Earnings Results, Beats Expectations By $0.32 EPS

Dell Technologies (NYSE:DELL) announced its quarterly earnings data on Tuesday. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue was up 9.5% compared to the same quarter last year.

Dell Technologies Stock Performance

NYSE:DELL traded down $2.42 during midday trading on Tuesday, reaching $141.74. 8,998,771 shares of the stock traded hands, compared to its average volume of 10,003,826. Dell Technologies has a 12-month low of $67.51 and a 12-month high of $179.70. The business has a 50-day moving average of $126.42 and a two-hundred day moving average of $126.91. The stock has a market capitalization of $99.56 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders 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 yield of 1.26%. Dell Technologies’s dividend payout ratio is presently 32.72%.

Analysts Set New Price Targets

Several research firms recently commented on DELL. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. JPMorgan Chase & Co. increased their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Barclays boosted their price objective on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Dell Technologies in a report on Friday, September 27th. They set a “buy” rating and a $144.00 price target on the stock. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $146.50.

Insider Transactions at Dell Technologies

In related 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 transaction of $1,224,000,000.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,962,112 shares of company stock valued at $2,114,595,059 in the last quarter. 46.70% of the stock is currently owned by corporate 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).