CSRA Inc. (CSRA) Expected to Post Quarterly Sales of $1.27 Billion
Analysts forecast that CSRA Inc. (NYSE:CSRA) will report $1.27 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for CSRA’s earnings. The highest sales estimate is $1.27 billion and the lowest is $1.26 billion. CSRA posted sales of $1.26 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.8%. The firm is scheduled to issue its next earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that CSRA will report full-year sales of $1.27 billion for the current fiscal year, with estimates ranging from $5.11 billion to $5.19 billion. For the next financial year, analysts expect that the company will post sales of $5.43 billion per share, with estimates ranging from $5.38 billion to $5.46 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow CSRA.
CSRA (NYSE:CSRA) last issued its quarterly 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. 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 period in the previous year, the firm earned $0.48 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year.
CSRA has been the topic of several research reports. Royal Bank Of Canada restated a “buy” rating and set a $38.00 price target on shares of CSRA in a research report on Sunday, August 6th. Zacks Investment Research upgraded CSRA from a “sell” rating to a “hold” rating and set a $36.00 price target on the stock in a research report on Tuesday, August 8th. Cowen and Company restated a “market perform” rating and set a $35.00 price target (up from $32.00) on shares of CSRA in a research report on Thursday, August 10th. Finally, SunTrust Banks, Inc. upgraded CSRA from a “hold” rating to a “buy” rating and lifted their price target for the company from $34.00 to $39.00 in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.89.
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CSRA (CSRA) opened at 31.62 on Friday. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 16.47 and a beta of 1.95. 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 $31.88 and a 200 day moving average price of $30.99.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 25th. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. CSRA’s dividend payout ratio is presently 20.94%.
In related news, Director Craig L. Martin acquired 20,000 shares of the stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $32.31 per share, for a total transaction of $646,200.00. Following the completion of the purchase, the director now owns 33,500 shares of the company’s stock, valued at $1,082,385. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Reing sold 20,298 shares of CSRA stock in a transaction on Friday, August 18th. The shares were sold at an average price of $31,822.00, for a total value of $645,922,956.00. Following the transaction, the executive vice president now owns 4,587 shares of the company’s stock, valued at approximately $145,967,514. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. CIBC Asset Management Inc raised its stake in CSRA by 0.3% during the second quarter. CIBC Asset Management Inc now owns 15,459 shares of the technology company’s stock valued at $491,000 after buying an additional 41 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in CSRA by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the technology company’s stock valued at $286,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System raised its stake in CSRA by 0.3% during the second quarter. Arizona State Retirement System now owns 36,029 shares of the technology company’s stock valued at $1,144,000 after buying an additional 100 shares during the last quarter. Mason Street Advisors LLC raised its stake in CSRA by 0.8% during the first quarter. Mason Street Advisors LLC now owns 20,061 shares of the technology company’s stock valued at $588,000 after buying an additional 164 shares during the last quarter. Finally, Advantus Capital Management Inc raised its stake in CSRA by 1.2% during the first quarter. Advantus Capital Management Inc now owns 14,433 shares of the technology company’s stock valued at $423,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.
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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