FY2016 EPS Estimates for Computer Sciences Co. Increased by Analyst (CSC)

Computer Sciences logo Computer Sciences Co. (NYSE:CSC) – Stock analysts at Jefferies Group boosted their FY2016 earnings per share (EPS) estimates for shares of Computer Sciences in a research report issued on Thursday, according to Zacks Investment Research ^[1]. Jefferies Group analyst J. Kupferberg now forecasts that the brokerage will post earnings of $2.47 per share for the year, up from their previous forecast of $2.41. Jefferies Group currently has a "Buy" rating on the stock. The consensus estimate for Computer Sciences' FY2016 earnings is $2.47 per share. Jefferies Group also issued estimates for Computer Sciences' Q4 2016 earnings at $0.67 EPS, Q2 2017 earnings at $0.66 EPS, Q3 2017 earnings at $0.69 EPS, Q4 2017 earnings at $0.84 EPS, FY2017 earnings at $2.75 EPS and FY2018 earnings at $3.30 EPS.

Several other equities research analysts also recently weighed in on the stock. Citigroup Inc. downgraded shares of Computer Sciences from a "buy" rating to a "neutral" rating in a research note on Friday, February 26th. Wells Fargo downgraded shares of Computer Sciences from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $34.00 to $33.00 in a research note on Wednesday, April 13th. They noted that the move was a valuation call. Cowen and Company started coverage on shares of Computer Sciences in a research note on Thursday, February 18th. They set a "market perform" rating and a $29.00 target price for the company. Goldman Sachs reiterated a "neutral" rating and set a $35.00 target price on shares of Computer Sciences in a research note on Wednesday, March 9th. Finally, Zacks Investment Research upgraded shares of Computer Sciences from a "sell" rating to a "hold" rating in a research note o n Tuesday, February 23rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. Computer Sciences has a consensus rating of "Hold" and an average target price of $48.07.

Computer Sciences (NYSE:CSC) opened at 35.01 on Monday. The stock has a 50 day moving average price of $33.54 and a 200 day moving average price of $31.06. Computer Sciences has a 1-year low of $24.27 and a 1-year high of $35.06. The stock has a market cap of $4.83 billion and a PE ratio of 13.30.

Other hedge funds have added to or reduced their stakes in the company. Korea Investment CORP raised its stake in Computer Sciences by 6.1% in the fourth quarter. Korea Investment CORP now owns 57,400 shares of the company's stock valued at $1,875,000 after buying an additional 3,300 shares in the last quarter. Meeder Asset Management acquired a new stake in Computer Sciences during the fourth quarter valued at approximately $2,981,000. Oregon Public Employees Retirement Fund raised its stake in Computer Sciences by 125.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 74,150 shares of the company's stock valued at $2,423,000 after buying an additional 41,261 shares in the last quarter. Nisa Investment Advisors raised its stake in Computer Sciences by 224.2% in the fourth quarter. Nisa Investment Advisors now owns 71,000 shares of the company's stock valued at $2,320,000 after buying an additional 49,098 shares in the last qua rter. Finally, Lee Danner & Bass Inc. raised its stake in Computer Sciences by 0.3% in the fourth quarter. Lee Danner & Bass Inc. now owns 32,181 shares of the company's stock valued at $1,052,000 after buying an additional 95 shares in the last quarter.

In other news, CEO John M. Lawrie sold 43,814 shares of the stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of $31.53, for a total value of $1,381,455.42. Following the sale, the chief executive officer now directly owns 378,199 shares in the company, valued at $11,924,614.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website ^[2]. Also, CEO John M. Lawrie sold 16,770 shares of the stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $30.65, for a total trans action of $514,000.50. Following the completion of the sale, the chief executive officer now owns 343,878 shares in the company, valued at $10,539,860.70. The disclosure for this sale can be found here ^[3].

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 11th. Stockholders of record on Tuesday, June 14th will be given a $0.14 dividend. The ex-dividend date is Friday, June 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.60%.

Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through three segments: Global Business Services (GBS), which is a provider of various technology solutions, including consulting, applications services and software; Global Infrastructure Services (GIS), which provides solutions, such as managed and virtual desktop solutions, and data center management, and North American Public Sector (NPS), which delivers IT, mission and operations-related services.

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