Dynatrace (DT) to Release Quarterly Earnings on Thursday

Dynatrace (NYSE:DT - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The business had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. During the same period in the prior year, the company posted $0.16 earnings per share. Dynatrace's revenue was up 19.9% compared to the same quarter last year. On average, analysts expect Dynatrace to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Dynatrace Price Performance

Dynatrace stock traded down $1.29 during midday trading on Thursday, hitting $53.77. The company's stock had a trading volume of 2,106,894 shares, compared to its average volume of 3,320,629. The company has a market cap of $16.02 billion, a price-to-earnings ratio of 105.88, a PEG ratio of 7.93 and a beta of 1.06. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41. The company has a 50-day moving average price of $52.30 and a two-hundred day moving average price of $47.95.

Insider Activity

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares of the company's stock, valued at $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares of the company's stock, valued at $33,505,230.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,022 shares of company stock worth $3,397,904 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DT shares. BNP Paribas initiated coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 price target for the company. Wedbush began coverage on Dynatrace in a report on Thursday, October 17th. They issued an "outperform" rating and a $67.00 price objective for the company. Wells Fargo & Company reduced their target price on Dynatrace from $60.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, August 6th. Jefferies Financial Group boosted their price target on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Barclays upgraded shares of Dynatrace from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $52.00 to $64.00 in a research note on Monday, October 7th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Dynatrace currently has a consensus rating of "Moderate Buy" and an average target price of $60.46.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.