CSRA Inc. to Issue Quarterly Dividend of $0.10 (NYSE:CSRA)
CSRA Inc. (NYSE:CSRA) declared a quarterly dividend on Thursday, August 10th, NASDAQ reports. Shareholders of record on Tuesday, August 29th will be given a dividend of 0.10 per share by the technology company on Tuesday, October 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, August 25th.
CSRA has a dividend payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect CSRA to earn $2.13 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 18.8%.
CSRA (NYSE:CSRA) traded down 1.33% on Friday, hitting $31.92. 65,677 shares of the company’s stock were exchanged. The stock has a market cap of $5.21 billion, a P/E ratio of 16.62 and a beta of 1.94. CSRA has a 52-week low of $24.48 and a 52-week high of $33.67. The firm has a 50 day moving average price of $32.45 and a 200-day moving average price of $30.57.
CSRA (NYSE:CSRA) last released its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. CSRA had a net margin of 6.36% and a return on equity of 110.86%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. Analysts predict that CSRA will post $1.98 earnings per share for the current fiscal year.
In other news, CFO David F. Keffer sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence B. Prior III acquired 49,500 shares of the stock in a transaction dated Friday, June 2nd. The stock was acquired at an average price of $30.50 per share, for a total transaction of $1,509,750.00. Following the purchase, the insider now directly owns 76,270 shares in the company, valued at $2,326,235. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate insiders.
Several analysts recently commented on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $38.00 price objective on shares of CSRA in a research report on Sunday, August 6th. Zacks Investment Research raised shares of CSRA from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Cowen and Company reissued a “hold” rating on shares of CSRA in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $34.63.
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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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