Dell Technologies (NYSE:DELL) Releases Q3 Earnings Guidance

Dell Technologies (NYSE:DELL) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.90-2.10 for the period, compared to the consensus estimate of $2.19. The company issued revenue guidance of $24-25 billion, compared to the consensus revenue estimate of $24.60 billion. Dell Technologies also updated its FY25 guidance to $7.55-8.05 EPS.

Dell Technologies Stock Down 0.7 %

DELL stock traded down $0.82 during midday trading on Thursday, reaching $110.74. The stock had a trading volume of 19,570,114 shares, compared to its average volume of 10,230,156. Dell Technologies has a twelve month low of $53.62 and a twelve month high of $179.70. The firm has a market cap of $78.55 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.34 and a beta of 0.92. The business has a fifty day simple moving average of $121.56 and a two-hundred day simple moving average of $122.10.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The company had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. On average, equities analysts predict that Dell Technologies will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is presently 36.33%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DELL. Sanford C. Bernstein lifted their price objective on Dell Technologies from $120.00 to $155.00 and gave the stock an outperform rating in a research note on Monday, May 20th. Bank of America decreased their target price on Dell Technologies from $180.00 to $150.00 and set a buy rating for the company in a research report on Thursday, August 22nd. Barclays raised shares of Dell Technologies from an underweight rating to an equal weight rating and set a $97.00 price objective on the stock in a research note on Tuesday, August 13th. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company an overweight rating in a research note on Thursday, August 15th. Finally, Evercore ISI reaffirmed an outperform rating and set a $140.00 price target on shares of Dell Technologies in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $129.00.

Insiders Place Their Bets

In related news, Director David W. Dorman sold 75,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the transaction, the director now directly owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the sale, the director now directly owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 1,205,052 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the completion of the sale, the chief executive officer now owns 26,725,566 shares of the company’s stock, valued at approximately $3,526,705,689.36. The disclosure for this sale can be found here. Insiders have sold 7,058,131 shares of company stock valued at $963,293,619 in the last three months. 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).