Computer Sciences Co. (CSC) Announces Quarterly Dividend of $0.23
Computer Sciences (NYSE:CSC) declared a quarterly dividend on Thursday, August 14th, Analyst Ratings Network.com reports. Investors of record on Wednesday, September 3rd will be given a dividend of 0.23 per share on Tuesday, October 7th. This represents a $0.92 dividend on an annualized basis and a yield of 1.57%.
A number of research firms have recently commented on CSC. Analysts at Morgan Stanley initiated coverage on shares of Computer Sciences in a research note on Monday, July 7th. They set an “underweight” rating and a $60.00 price target on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Computer Sciences in a research note on Monday, June 16th. They now have a $67.00 price target on the stock, up previously from $58.00. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $63.91.
Computer Sciences (NYSE:CSC) traded up 0.65% during mid-day trading on Thursday, hitting $58.90. 406,682 shares of the company’s stock traded hands. Computer Sciences has a one year low of $46.80 and a one year high of $65.52. The stock’s 50-day moving average is $62.85 and its 200-day moving average is $61.60. The company has a market cap of $8.565 billion and a P/E ratio of 13.58.
Computer Sciences (NYSE:CSC) last announced its earnings results on Thursday, August 7th. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.09. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Computer Sciences will post $4.53 earnings per share for the current fiscal year.
In other Computer Sciences news, CEO John M. Lawrie sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $62.40, for a total transaction of $124,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Computer Sciences Corporation (NYSE:CSC) is engaged in the information technology (IT) and professional services industry.
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