CSRA Inc (csra) to Issue $0.10 Quarterly Dividend
CSRA Inc (NYSE:csra) declared a quarterly dividend on Monday, March 20th. Shareholders of record on Wednesday, April 5th will be paid a dividend of 0.10 per share on Friday, April 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Monday, April 3rd.
CSRA (NYSE:CSRA) opened at 29.30 on Tuesday. The stock has a market capitalization of $4.78 billion, a P/E ratio of 24.73 and a beta of 2.23. The firm’s 50-day moving average is $30.23 and its 200-day moving average is $29.41. CSRA has a 52 week low of $21.95 and a 52 week high of $33.54.
CSRA (NYSE:CSRA) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. CSRA had a net margin of 3.88% and a return on equity of 173.82%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company posted $0.48 EPS. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities research analysts predict that CSRA will post $2.01 EPS for the current fiscal year.
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A number of research firms have recently weighed in on CSRA. Drexel Hamilton began coverage on shares of CSRA in a research note on Tuesday, November 22nd. They set a “buy” rating and a $38.00 price target on the stock. Zacks Investment Research raised shares of CSRA from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, December 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $35.00 price target on shares of CSRA in a research note on Wednesday, February 8th. Royal Bank of Canada began coverage on shares of CSRA in a research note on Wednesday, January 11th. They set an “outperform” rating and a $37.00 price target on the stock. Finally, Loop Capital began coverage on shares of CSRA in a research note on Tuesday, February 14th. They set a “buy” rating and a $36.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.20.
In related news, EVP Paul Nedzbala sold 15,336 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $30.38, for a total value of $465,907.68. Following the sale, the executive vice president now directly owns 405 shares of the company’s stock, valued at approximately $12,303.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
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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