Zacks: Brokerages Anticipate CSRA Inc. (CSRA) to Post $0.47 EPS
Wall Street brokerages expect CSRA Inc. (NYSE:CSRA) to announce earnings per share of $0.47 for the current quarter, Zacks Investment Research reports. Four 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 $0.45. CSRA posted earnings per share of $0.56 in the same quarter last year, which indicates a negative year-over-year growth rate of 16.1%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, November 7th.
According to Zacks, analysts expect that CSRA will report full-year earnings of $1.96 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $1.99. For the next financial year, analysts expect that the business will post earnings of $2.08 per share, with EPS estimates ranging from $2.00 to $2.19. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover CSRA.
CSRA (NYSE:CSRA) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 EPS.
A number of research firms have recently commented on CSRA. SunTrust Banks, Inc. upgraded CSRA from a “hold” rating to a “buy” rating and lifted their target price for the stock from $34.00 to $39.00 in a research report on Friday, September 15th. Vertical Research cut CSRA from a “hold” rating to a “sell” rating and set a $31.00 target price on the stock. in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded CSRA from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Tuesday, August 22nd. Cowen and Company reiterated a “hold” rating and set a $35.00 target price on shares of CSRA in a research report on Wednesday, October 18th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 target price on shares of CSRA in a research report on Sunday, August 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $35.89.
CSRA (CSRA) traded down 0.44% during mid-day trading on Monday, reaching $31.59. The company’s stock had a trading volume of 726,026 shares. The firm has a market cap of $5.16 billion, a PE ratio of 16.45 and a beta of 1.95. The stock’s 50 day moving average is $31.86 and its 200 day moving average is $31.16. CSRA has a one year low of $24.48 and a one year high of $33.67.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, August 25th. CSRA’s dividend payout ratio is currently 20.94%.
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In related news, EVP George Batsakis sold 28,392 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John Reing sold 20,298 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was 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 directly owns 4,587 shares in the company, valued at approximately $145,967,514. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSRA. CIBC Asset Management Inc boosted its holdings in CSRA by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 15,459 shares of the technology company’s stock valued at $491,000 after purchasing an additional 41 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in CSRA by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the technology company’s stock valued at $286,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System boosted its holdings in CSRA by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 36,029 shares of the technology company’s stock valued at $1,144,000 after purchasing an additional 100 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in CSRA by 1.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 9,080 shares of the technology company’s stock valued at $266,000 after purchasing an additional 166 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in CSRA by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 70,445 shares of the technology company’s stock valued at $2,237,000 after purchasing an additional 275 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
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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