$0.48 Earnings Per Share Expected for CSRA Inc. (CSRA) This Quarter
Brokerages expect that CSRA Inc. (NYSE:CSRA) will report earnings of $0.48 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for CSRA’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.44. CSRA posted earnings per share of $0.56 in the same quarter last year, which suggests a negative year-over-year growth rate of 14.3%. The company is scheduled to report its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that CSRA will report full year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.94 to $1.99. For the next year, analysts expect that the firm will report earnings of $2.13 per share, with EPS estimates ranging from $2.12 to $2.14. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for CSRA.
CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share.
A number of research firms have commented on CSRA. Zacks Investment Research cut CSRA from a “buy” rating to a “hold” rating in a report on Friday. Cowen and Company reissued a “market perform” rating and set a $35.00 price target (up from $32.00) on shares of CSRA in a report on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating and set a $38.00 price target on shares of CSRA in a report on Sunday, August 6th. Finally, SunTrust Banks, Inc. raised CSRA from a “hold” rating to a “buy” rating and raised their price target for the company from $34.00 to $39.00 in a report on Friday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $36.00.
Shares of CSRA (NYSE CSRA) opened at 31.98 on Friday. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 16.66 and a beta of 1.95. The firm has a 50 day moving average price of $32.07 and a 200 day moving average price of $30.71. CSRA has a 52 week low of $24.48 and a 52 week high of $33.67.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, August 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. CSRA’s dividend payout ratio (DPR) is 20.94%.
In other news, EVP George Batsakis sold 28,392 shares of CSRA stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total value of $892,076.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Craig L. Martin bought 20,000 shares of CSRA stock in a transaction dated Thursday, August 17th. The stock was purchased at an average cost of $32.31 per share, for a total transaction of $646,200.00. Following the completion of the acquisition, the director now directly owns 33,500 shares of the company’s stock, valued at approximately $1,082,385. The disclosure for this purchase can be found here. Insiders own 0.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in shares of CSRA in the first quarter worth about $102,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of CSRA by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,269 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of CSRA in the second quarter worth about $120,000. GLG Partners LP bought a new stake in shares of CSRA in the second quarter worth about $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of CSRA by 11.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock worth $184,000 after purchasing an additional 607 shares during the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.
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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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