CSRA Inc. (CSRA) Expected to Post Earnings of $0.48 Per Share
Equities analysts forecast that CSRA Inc. (NYSE:CSRA) will announce earnings of $0.48 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for CSRA’s earnings, with estimates ranging from $0.45 to $0.51. CSRA reported earnings of $0.56 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 14.3%. The firm is expected to report its next quarterly earnings report on Wednesday, November 8th.
On average, analysts expect that CSRA will report full-year earnings of $1.98 per share for the current financial year, with EPS estimates ranging from $1.95 to $1.99. For the next fiscal year, analysts anticipate that the company will post earnings of $2.15 per share, with EPS estimates ranging from $2.12 to $2.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CSRA.
CSRA (NYSE:CSRA) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the company posted $0.48 EPS. The business’s revenue was down 2.0% on a year-over-year basis.
Several equities analysts have recently issued reports on CSRA shares. Zacks Investment Research upgraded shares of CSRA from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Monday, August 28th. Royal Bank of Canada reiterated a “buy” rating on shares of CSRA in a report on Tuesday, August 15th. Finally, BidaskClub lowered shares of CSRA from a “hold” rating to a “sell” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. CSRA currently has a consensus rating of “Buy” and an average target price of $36.00.
In other news, Director Craig L. Martin acquired 20,000 shares of CSRA stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $32.31 per share, with a total value of $646,200.00. Following the transaction, the director now directly owns 33,500 shares of the company’s stock, valued at approximately $1,082,385. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP George Batsakis sold 28,392 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total transaction of $892,076.64. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in CSRA by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 19,408,917 shares of the technology company’s stock worth $616,233,000 after acquiring an additional 82,283 shares in the last quarter. FMR LLC grew its stake in CSRA by 24.2% in the 1st quarter. FMR LLC now owns 16,529,060 shares of the technology company’s stock worth $484,137,000 after acquiring an additional 3,219,519 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of CSRA by 4.9% during the first quarter. William Blair Investment Management LLC now owns 9,515,724 shares of the technology company’s stock valued at $278,716,000 after purchasing an additional 445,335 shares in the last quarter. BlackRock Inc. boosted its stake in shares of CSRA by 2.0% during the second quarter. BlackRock Inc. now owns 8,520,575 shares of the technology company’s stock valued at $270,528,000 after purchasing an additional 165,504 shares in the last quarter. Finally, Causeway Capital Management LLC boosted its stake in shares of CSRA by 16.7% during the first quarter. Causeway Capital Management LLC now owns 5,686,079 shares of the technology company’s stock valued at $189,902,000 after purchasing an additional 815,575 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.
CSRA (NYSE:CSRA) traded up 0.38% during midday trading on Friday, hitting $31.75. The company’s stock had a trading volume of 1,243,478 shares. The stock has a 50 day moving average of $32.04 and a 200 day moving average of $30.73. CSRA has a 52-week low of $24.48 and a 52-week high of $33.67. The company has a market cap of $5.19 billion, a PE ratio of 16.54 and a beta of 1.95.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, August 25th. CSRA’s payout ratio is currently 20.94%.
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CSRA Company Profile
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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