CSRA Inc. (CSRA) Expected to Announce Quarterly Sales of $1.24 Billion
Equities research analysts expect CSRA Inc. (NYSE:CSRA) to post sales of $1.24 billion for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for CSRA’s earnings. The lowest sales estimate is $1.24 billion and the highest is $1.25 billion. CSRA reported sales of $1.25 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 0.8%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 9th.
On average, analysts expect that CSRA will report full year sales of $1.24 billion for the current financial year, with estimates ranging from $5.10 billion to $5.19 billion. For the next year, analysts expect that the company will post sales of $5.35 billion per share, with estimates ranging from $5.31 billion to $5.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover CSRA.
CSRA (NYSE:CSRA) last posted its earnings results on Wednesday, May 24th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. CSRA had a return on equity of 128.47% and a net margin of 6.09%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned $0.50 EPS. CSRA’s revenue was down 2.8% on a year-over-year basis.
CSRA has been the subject of a number of recent analyst reports. Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Thursday, April 13th. Evercore ISI began coverage on CSRA in a research report on Tuesday, April 4th. They set an “outperform” rating and a $34.00 price target for the company. Vertical Research began coverage on CSRA in a research report on Thursday, March 16th. They set a “hold” rating and a $32.00 price target for the company. Royal Bank Of Canada boosted their price target on CSRA from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Finally, Cowen and Company downgraded CSRA from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $35.00 to $32.00 in a research report on Monday, March 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CSRA presently has a consensus rating of “Buy” and a consensus target price of $34.63.
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CSRA (NYSE:CSRA) opened at 31.48 on Wednesday. CSRA has a 1-year low of $21.95 and a 1-year high of $33.54. The company’s 50-day moving average price is $30.35 and its 200 day moving average price is $30.45. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 17.11 and a beta of 1.96.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, June 13th. CSRA’s dividend payout ratio (DPR) is presently 21.86%.
In related news, insider Lawrence B. Prior III acquired 49,500 shares of CSRA stock in a transaction on Friday, June 2nd. The shares were bought at an average price of $30.50 per share, for a total transaction of $1,509,750.00. Following the completion of the purchase, the insider now directly owns 76,270 shares in the company, valued at approximately $2,326,235. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David F. Keffer sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total value of $601,600.00. Following the transaction, the chief financial officer now owns 8,202 shares in the company, valued at approximately $246,716.16. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CSRA. Russell Investments Group Ltd. bought a new position in shares of CSRA during the fourth quarter worth approximately $1,085,000. State Board of Administration of Florida Retirement System boosted its position in shares of CSRA by 1.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 217,642 shares of the technology company’s stock worth $6,930,000 after buying an additional 2,992 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of CSRA by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,338 shares of the technology company’s stock worth $265,000 after buying an additional 21 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CSRA by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 850,004 shares of the technology company’s stock worth $27,065,000 after buying an additional 61,568 shares in the last quarter. Finally, Aviva PLC boosted its position in shares of CSRA by 11.1% in the fourth quarter. Aviva PLC now owns 106,907 shares of the technology company’s stock worth $3,405,000 after buying an additional 10,653 shares in the last quarter. Institutional investors own 94.07% of the company’s stock.
CSRA Inc is a provider of information technology services to the United States federal government. The Company operates through two segments: Defense and Intelligence, and Civil. The Defense and Intelligence segment provides services to the Department of Defense (DoD), National Security Agency, branches of the Armed Forces, and other DoD and Intelligence agencies.
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