Dell Technologies (DELL) Set to Announce Quarterly Earnings on Tuesday

Dell Technologies (NYSE:DELL) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 26th. Analysts expect Dell Technologies to post 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.Parties interested in listening to the company’s conference call can do so using this link.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 earnings per share. 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 Trading Up 3.4 %

Shares of DELL opened at $136.05 on Tuesday. The company has a market capitalization of $95.56 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. Dell Technologies has a 12-month low of $67.51 and a 12-month high of $179.70. The business’s 50 day moving average is $123.63 and its 200 day moving average is $126.55.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 32.72%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho assumed coverage on Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target for the company. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Evercore ISI reiterated an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. UBS Group reduced their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price target 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. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.88.

Insider Buying and Selling

In related news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This represents a 37.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 over the last three months. 46.70% of the stock is owned by company insiders.

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).