CSRA Inc to Post Q1 2019 Earnings of $0.55 Per Share, Jefferies Group Forecasts (CSRA)

CSRA Inc (NYSE:CSRA) – Investment analysts at Jefferies Group issued their Q1 2019 earnings per share estimates for shares of CSRA in a report released on Wednesday. Jefferies Group analyst S. Kahyaoglu forecasts that the technology company will post earnings of $0.55 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $35.00 price target on the stock. Jefferies Group also issued estimates for CSRA’s Q2 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.65 EPS and FY2019 earnings at $2.40 EPS.

CSRA (NYSE:CSRA) last released its earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.08. CSRA had a net margin of 7.46% and a return on equity of 68.98%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm earned $0.48 EPS. The company’s revenue was up 7.1% compared to the same quarter last year.

A number of other research analysts also recently weighed in on CSRA. Cowen reissued a “hold” rating and set a $35.00 target price on shares of CSRA in a research report on Wednesday, October 18th. Wells Fargo & Co increased their target price on shares of CSRA from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. ValuEngine downgraded shares of CSRA from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. BidaskClub downgraded shares of CSRA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research downgraded shares of CSRA from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. CSRA has a consensus rating of “Hold” and a consensus target price of $36.90.

CSRA (CSRA) opened at $30.82 on Monday. CSRA has a 52-week low of $27.38 and a 52-week high of $33.79. The firm has a market cap of $5,052.13, a P/E ratio of 15.49, a PEG ratio of 1.59 and a beta of 1.81. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.04 and a current ratio of 1.04.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC bought a new position in CSRA in the 3rd quarter worth approximately $211,000. Intact Investment Management Inc. purchased a new stake in CSRA in the 3rd quarter worth approximately $223,000. Boothbay Fund Management LLC purchased a new stake in CSRA in the 3rd quarter worth approximately $234,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in CSRA in the 4th quarter worth approximately $237,000. Finally, Oakbrook Investments LLC purchased a new stake in CSRA in the 3rd quarter worth approximately $259,000. 95.91% of the stock is owned by institutional investors.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 4th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.30%. The ex-dividend date was Wednesday, January 3rd. CSRA’s dividend payout ratio (DPR) is presently 17.47%.

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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.

Earnings History and Estimates for CSRA (NYSE:CSRA)

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