Jefferies Group Comments on CSRA Inc’s FY2018 Earnings (CSRA)

CSRA Inc (NYSE:CSRA) – Stock analysts at Jefferies Group increased their FY2018 earnings per share (EPS) estimates for shares of CSRA in a research note issued to investors on Wednesday. Jefferies Group analyst S. Kahyaoglu now forecasts that the technology company will post earnings per share of $2.05 for the year, up from their previous estimate of $1.93. Jefferies Group currently has a “Hold” rating and a $35.00 target price on the stock. Jefferies Group also issued estimates for CSRA’s Q4 2018 earnings at $0.55 EPS, FY2020 earnings at $2.35 EPS and FY2021 earnings at $2.56 EPS.

CSRA (NYSE:CSRA) last released its earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.27 billion. CSRA had a return on equity of 78.66% and a net margin of 7.46%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS.

Other equities analysts have also recently issued research reports about the company. Cowen reiterated a “hold” rating and set a $35.00 target price on shares of CSRA in a report on Wednesday. ValuEngine lowered shares of CSRA from a “buy” rating to a “hold” rating in a report on Friday, November 10th. BidaskClub lowered shares of CSRA from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 15th. Wells Fargo & Co increased their price target on shares of CSRA from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $39.00 price target on shares of CSRA in a report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $36.90.

CSRA (NYSE:CSRA) traded down $0.78 during mid-day trading on Friday, reaching $30.07. The company’s stock had a trading volume of 568,213 shares, compared to its average volume of 939,920. The company has a market cap of $5,139.00, a PE ratio of 15.75, a PEG ratio of 1.66 and a beta of 1.81. The company has a debt-to-equity ratio of 5.68, a quick ratio of 1.05 and a current ratio of 1.05. CSRA has a 52-week low of $27.38 and a 52-week high of $33.79.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 4th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, January 3rd. CSRA’s dividend payout ratio is currently 17.47%.

Hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC purchased a new position in shares of CSRA in the third quarter worth $211,000. Intact Investment Management Inc. acquired a new stake in shares of CSRA during the 3rd quarter worth approximately $223,000. Boothbay Fund Management LLC acquired a new stake in shares of CSRA during the 3rd quarter worth approximately $234,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of CSRA during the 4th quarter worth approximately $237,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CSRA by 49.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,630 shares of the technology company’s stock worth $258,000 after purchasing an additional 2,849 shares during the period. 94.68% of the stock is currently owned by institutional investors.

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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 and Estimates for CSRA (NYSE:CSRA)

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