Analysts Expect Cognizant Technology Solutions Co. (NASDAQ:CTSH) to Post $0.94 Earnings Per Share


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Equities research analysts forecast that Cognizant Technology Solutions Co. (NASDAQ:CTSH) will announce $0.94 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Cognizant Technology Solutions’ earnings. The lowest EPS estimate is $0.93 and the highest is $0.95. Cognizant Technology Solutions reported earnings of $0.96 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 2.1%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, May 5th.

According to Zacks, analysts expect that Cognizant Technology Solutions will report full year earnings of $3.99 per share for the current financial year, with EPS estimates ranging from $3.89 to $4.10. For the next year, analysts expect that the firm will report earnings of $4.41 per share, with EPS estimates ranging from $4.27 to $4.57. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Cognizant Technology Solutions.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Tuesday, February 2nd. The information technology service provider reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.23). The business had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.25 billion. Cognizant Technology Solutions had a return on equity of 19.04% and a net margin of 8.78%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share.

A number of research firms recently commented on CTSH. Societe Generale lowered shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday, February 4th. Berenberg Bank upped their price objective on shares of Cognizant Technology Solutions from $70.00 to $77.00 and gave the stock a “hold” rating in a report on Tuesday, February 2nd. Morgan Stanley upgraded shares of Cognizant Technology Solutions from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Friday, January 29th. Wolfe Research raised shares of Cognizant Technology Solutions from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Cognizant Technology Solutions from $71.00 to $79.00 and gave the stock a “hold” rating in a research report on Monday, February 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. Cognizant Technology Solutions presently has an average rating of “Hold” and a consensus target price of $77.39.

NASDAQ:CTSH traded down $0.95 during midday trading on Tuesday, reaching $81.25. 3,875,780 shares of the stock traded hands, compared to its average volume of 3,015,516. The company has a fifty day moving average of $79.07 and a 200 day moving average of $77.67. Cognizant Technology Solutions has a 12 month low of $47.39 and a 12 month high of $82.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.61 and a current ratio of 2.62. The stock has a market capitalization of $43.11 billion, a P/E ratio of 30.05, a PEG ratio of 1.83 and a beta of 1.12.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Shareholders of record on Thursday, February 18th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Wednesday, February 17th. This is an increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.22. Cognizant Technology Solutions’s dividend payout ratio is 24.06%.

In other Cognizant Technology Solutions news, insider Malcolm Frank sold 471 shares of the stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $78.45, for a total transaction of $36,949.95. Following the completion of the transaction, the insider now owns 44,065 shares of the company’s stock, valued at approximately $3,456,899.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC raised its position in Cognizant Technology Solutions by 274.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 47,834 shares of the information technology service provider’s stock worth $3,321,000 after purchasing an additional 35,044 shares during the period. Paces Ferry Wealth Advisors LLC purchased a new stake in Cognizant Technology Solutions in the 3rd quarter worth about $113,000. Advisor Partners LLC raised its position in Cognizant Technology Solutions by 12.3% in the 3rd quarter. Advisor Partners LLC now owns 11,624 shares of the information technology service provider’s stock worth $807,000 after purchasing an additional 1,276 shares during the period. Kathmere Capital Management LLC purchased a new stake in Cognizant Technology Solutions in the 3rd quarter worth about $93,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Cognizant Technology Solutions by 26.8% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,200 shares of the information technology service provider’s stock worth $361,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 87.66% of the company’s stock.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corp. engages in the provision of information technology, consulting, and business process outsourcing services. It operates through the following business segments: Financial Services; Healthcare; Products and Resources; and Communications, Media, and Technology. The Financial Services segment consists of banking and insurance services.

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Earnings History and Estimates for Cognizant Technology Solutions (NASDAQ:CTSH)

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