CSC Announces Plan to Separate into Two Independent, Publicly Traded Companies
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Cowen Maintains Market Perform Following Computer Sciences (CSC) 4Q and Announced Separation
May 20, 2015 10:03 AM EDTCowen maintains an Outperform rating and $75 price target on Computer Sciences (NYSE: CSC) following 4Q15 results and announced separation. CSC reported Sales of $2.9B compared to consensus of $2.96B. EPS of $1.26 exceeded consensus expectations of $1.20. CSC also announced that they will be splitting into two publicly traded companies. CSC intends to pay a special... More
JPMorgan Upgrades Computer Sciences (CSC) to Neutral
May 20, 2015 6:42 AM EDTJPMorgan upgraded Computer Sciences (NYSE: CSC) from Underweight to Neutral.
For an analyst ratings summary and ratings history on Computer Sciences click here. For more ratings news on Computer Sciences click here.
Shares of Computer Sciences closed at $67.66 yesterday.
... MoreMorgan Stanley Upgrades Computer Sciences (CSC) to Equalweight
May 20, 2015 6:42 AM EDTMorgan Stanley upgraded Computer Sciences (NYSE: CSC) from Underweight to Equalweight.
For an analyst ratings summary and ratings history on Computer Sciences click here. For more ratings news on Computer Sciences click here.
Shares of Computer Sciences closed at $67.66 yesterday.
... MoreComputer Sciences (CSC) Declares $0.23 Quarterly Dividend; 1.4% Yield
May 19, 2015 4:19 PM EDTComputer Sciences (NYSE: CSC) declared a quarterly dividend of $0.23 per share, or $0.92 annualized.
The dividend will be payable on July 9, 2015, to stockholders of record on June 12, 2015, with an ex-dividend date of June 10, 2015.
The annual yield on the dividend is 1.4 percent.
For a... More
Computer Sciences (CSC) Tops Q4 EPS by 6c
May 19, 2015 4:18 PM EDTComputer Sciences (NYSE: CSC) reported Q4 EPS of $1.26, $0.06 better than the analyst estimate of $1.20. Revenue for the quarter came in at $2.91 billion versus the consensus estimate of $2.96 billion.
Computer Sciences sees FY2016 EPS of $4.75-$5.05, versus the consensus of $4.80.
For earnings history and... More
Computer Sciences (CSC) Plans Split into Two, Publicly-Traded Companies
May 19, 2015 4:17 PM EDTComputer Sciences (NYSE: CSC) announced that its Board of Directors has unanimously approved a plan to separate the company into two publicly traded, pure-play leaders: one to serve commercial and government clients globally and one to serve public sector clients in the U.S.
Concurrent with the separation, CSC intends to pay a special cash dividend to shareholders of $10.50 per share at closing, which is expected by October 2015.
CSC began its turnaround three years go, said CEO Mike... More
