CSRA (CSRA) Posts Earnings Results, Beats Estimates By $0.08 EPS

CSRA (NYSE:CSRA) released its quarterly earnings data on Wednesday. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08, Briefing.com reports. CSRA had a return on equity of 79.44% and a net margin of 6.35%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year.

CSRA (CSRA) traded up $0.64 during trading hours on Thursday, hitting $31.99. The stock had a trading volume of 651,965 shares, compared to its average volume of 879,941. The company has a market cap of $5,003.48, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.62 and a beta of 1.81. CSRA has a 1-year low of $27.38 and a 1-year high of $33.79. The company has a debt-to-equity ratio of 5.68, a current ratio of 1.05 and a quick ratio of 1.05.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 4th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Wednesday, January 3rd. CSRA’s payout ratio is presently 20.94%.

A number of equities analysts recently commented on the company. BidaskClub lowered CSRA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Wells Fargo & Co increased their price target on CSRA from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised CSRA from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Stifel Nicolaus reissued a “buy” rating and set a $39.00 price target on shares of CSRA in a research note on Tuesday, November 21st. Finally, Royal Bank of Canada set a $41.00 price target on CSRA and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.90.

COPYRIGHT VIOLATION NOTICE: “CSRA (CSRA) Posts Earnings Results, Beats Estimates By $0.08 EPS” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.americanbankingnews.com/2018/02/08/csra-csra-posts-earnings-results-beats-estimates-by-0-08-eps.html.

About CSRA

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.

Earnings History for CSRA (NYSE:CSRA)

Receive News & Ratings for CSRA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSRA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply