Analysts Anticipate CSRA Inc. (CSRA) Will Announce Quarterly Sales of $1.27 Billion
Wall Street analysts expect CSRA Inc. (NYSE:CSRA) to announce $1.27 billion in sales for the current quarter, Zacks reports. Four analysts have provided estimates for CSRA’s earnings. The lowest sales estimate is $1.26 billion and the highest is $1.28 billion. CSRA reported sales of $1.26 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 0.8%. The business is expected to announce its next earnings report after the market closes on Tuesday, November 7th.
On average, analysts expect that CSRA will report full year sales of $1.27 billion for the current financial year, with estimates ranging from $5.10 billion to $5.19 billion. For the next fiscal year, analysts expect that the company will report sales of $5.39 billion per share, with estimates ranging from $5.27 billion to $5.46 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for CSRA.
CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $1.23 billion during 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 101.22%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share.
A number of analysts have recently issued reports on the stock. SunTrust Banks, Inc. raised shares of CSRA from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $39.00 in a report on Friday, September 15th. Vertical Research downgraded shares of CSRA from a “hold” rating to a “sell” rating and set a $31.00 price objective for the company. in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of CSRA from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, August 22nd. Cowen and Company reaffirmed a “hold” rating and set a $35.00 price objective on shares of CSRA in a report on Wednesday, October 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 price objective on shares of CSRA in a report on Sunday, August 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $35.89.
CSRA (NYSE:CSRA) opened at 31.54 on Wednesday. CSRA has a one year low of $24.48 and a one year high of $33.67. The firm has a market capitalization of $5.16 billion, a P/E ratio of 16.43 and a beta of 1.95. The stock’s 50 day moving average is $31.84 and its 200 day moving average is $31.26.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, August 25th. CSRA’s payout ratio is presently 20.94%.
In related news, 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 in the company, valued at approximately $145,967,514. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP George Batsakis sold 28,392 shares of CSRA stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total transaction of $892,076.64. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of CSRA. Ameritas Investment Partners Inc. purchased a new position in CSRA in the 1st quarter worth $102,000. Northwestern Mutual Wealth Management Co. raised its position in CSRA by 52.2% in the 2nd 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 period. DekaBank Deutsche Girozentrale purchased a new position in CSRA in the 2nd quarter worth $120,000. GLG Partners LP purchased a new position in CSRA in the 2nd quarter worth $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in CSRA by 11.7% in the 2nd 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 period. Institutional investors 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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