DXC Technology Company(DXC) shares saw a recent bid of $78.66 and 2.37M shares have exchanged hands in the recent trading session, yielding a 0.76% gain over the past week. The stock price increased 0.03% or $-0.02 versus $78.64 at the end of the prior session. This change led market cap to move at $22.26B, putting the price -2.68% below the 52-week high and 73.37% above the 52-week low. The company’s stock has a normal trading capacity of 2.92M shares while the relative volume is 0.81.
By historical standards, DXC Technology Company remains a cheap stock. The company’s current price-earnings ratio amounts above the average P/E ratio of 20.25 times earnings. For now, DXC Technology Company is the toast of Wall Street as its ABR stands at 2.40 with 2 out of 17 analysts rating the stock a buy. Over the short term, some market observers may have noticed that DXC Technology Company has a 2.29% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. DXC Technology Company has far performed well this year, with the share price up 32.38% since January. Over the past 2 quarters, the stock is up 27.57%, compared with a gain of nearly 14.73% for 3 months and about 3.66% for the past 30 days.
Last time, the company shocked Wall Street by reporting EPS of $1.15, smashing the consensus of $0.83 per share. Revenue for the quarter also did not kill consensus, coming in at $1.89B, compared to the consensus of 1.94B. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $1.47. The company is expected to report EPS as high as $1.68 and as low as $0.66 per share. Similarly, full-year EPS forecasts have ranged between $2.74 and $3.08. The mean EPS estimate is $2.80. On the other side, sales forecasts for the current quarter are $6.02B. The stock is expected to report revenue as high as $6.14B and as low as $5.9B per share. Similarly, full-year sales forecasts have ranged between $7.63B and $7.7B. The mean revenue estimate is $7.66B.
Over the last 5 years, DXC Technology Company has averaged a 50.10% YoY EPS growth rate and a -12.10% revenue growth rate. Analysts are expecting EPS growth rates to be at -306.40% this quarter and EPS estimate for next year reflect a 25.35% growth rate.
Sell-side analysts also have something to say about this company. Barclays analysts stated on 25/05/2017 that they launched coverage on this stock with Overweight rating. JP Morgan analysts stated on 19/04/2017 that they launched coverage on this stock with Overweight rating.