The Q2 2017 EPS Estimates for Computer Sciences Corp. Decreased by Analyst (CSC)

The Q2 2017 EPS Estimates for Computer Sciences Corp. Decreased by Analyst (CSC)

Computer Sciences Corp. (NYSE:CSC) – Equities researchers at Jefferies Group reduced their Q2 2017 EPS estimates for shares of Computer Sciences Corp. in a research note issued on Thursday. Jefferies Group analyst J. Kupferberg now forecasts that the brokerage will earn $0.47 per share for the quarter, down from their prior forecast of $0.48. Jefferies Group has a “Buy” rating and a $63.00 price target on the stock. Jefferies Group also issued estimates for Computer Sciences Corp.’s Q3 2017 earnings at $0.80 EPS, Q2 2018 earnings at $0.84 EPS, Q4 2018 earnings at $0.89 EPS and FY2018 earnings at $3.12 EPS.

Several other analysts also recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $57.00 price target on shares of Computer Sciences Corp. in a research note on Tuesday, October 18th. Citigroup Inc. raised shares of Computer Sciences Corp. from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Thursday, October 13th. Barclays PLC lifted their price target on shares of Computer Sciences Corp. from $54.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, October 11th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $46.00 price target on shares of Computer Sciences Corp. in a research note on Wednesday, September 7th. Finally, TheStreet lowered shares of Computer Sciences Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. Computer Sciences Corp. currently has a consensus rating of “Hold” and an average target price of $49.33.

Shares of Computer Sciences Corp. (NYSE:CSC) opened at 54.86 on Friday. The stock has a market cap of $7.70 billion, a P/E ratio of 113.35 and a beta of 1.24. The company has a 50 day moving average price of $51.88 and a 200 day moving average price of $46.20. Computer Sciences Corp. has a 1-year low of $24.27 and a 1-year high of $56.94.

Computer Sciences Corp. (NYSE:CSC) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.08. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.93 billion. Computer Sciences Corp. had a return on equity of 19.10% and a net margin of 0.77%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC increased its position in Computer Sciences Corp. by 5.0% in the first quarter. Aperio Group LLC now owns 25,478 shares of the company’s stock worth $876,000 after buying an additional 1,221 shares in the last quarter. M&T Bank Corp increased its position in Computer Sciences Corp. by 5.2% in the first quarter. M&T Bank Corp now owns 14,052 shares of the company’s stock worth $484,000 after buying an additional 689 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Computer Sciences Corp. during the first quarter worth about $564,000. UBS Group AG increased its position in Computer Sciences Corp. by 15.3% in the first quarter. UBS Group AG now owns 262,239 shares of the company’s stock worth $9,018,000 after buying an additional 34,804 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Computer Sciences Corp. by 3.5% in the first quarter. Geode Capital Management LLC now owns 843,164 shares of the company’s stock worth $28,996,000 after buying an additional 28,524 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.

In related news, CFO Paul N. Saleh sold 65,000 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $3,250,000.00. Following the completion of the transaction, the chief financial officer now directly owns 151,153 shares in the company, valued at $7,557,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John M. Lawrie sold 5,600 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $47.61, for a total transaction of $266,616.00. Following the transaction, the chairman now owns 392,629 shares of the company’s stock, valued at $18,693,066.69. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.02%. Computer Sciences Corp.’s payout ratio is currently 130.23%.

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