FY2020 EPS Estimates for CSRA Inc Raised by SunTrust Banks (CSRA)

CSRA Inc (NYSE:CSRA) – SunTrust Banks increased their FY2020 earnings per share (EPS) estimates for CSRA in a note issued to investors on Thursday. SunTrust Banks analyst F. Atkins now forecasts that the technology company will post earnings per share of $2.41 for the year, up from their previous forecast of $2.17.

CSRA (NYSE:CSRA) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. CSRA had a return on equity of 68.98% and a net margin of 7.46%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The business’s revenue was up 7.1% compared to the same quarter last year.

A number of other equities research analysts have also recently issued reports on CSRA. Jefferies Group set a $35.00 price objective on CSRA and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Cowen reiterated a “hold” rating and set a $35.00 price objective on shares of CSRA in a research note on Wednesday, February 7th. ValuEngine cut CSRA from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. BidaskClub lowered CSRA from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 15th. Finally, Royal Bank of Canada set a $41.00 target price on CSRA and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Two 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’s stock. The company currently has an average rating of “Hold” and an average target price of $36.90.

Shares of CSRA (NYSE:CSRA) opened at $40.56 on Monday. CSRA has a 12 month low of $27.38 and a 12 month high of $40.56. The stock has a market capitalization 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.

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 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Wednesday, January 3rd. CSRA’s payout ratio is presently 17.47%.

Hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp increased its holdings in shares of CSRA by 6.6% during the 2nd quarter. Stifel Financial Corp now owns 61,809 shares of the technology company’s stock worth $1,970,000 after acquiring an additional 3,839 shares during the last quarter. Janus Henderson Group PLC grew its holdings in CSRA by 6,259.0% in the 2nd quarter. Janus Henderson Group PLC now owns 291,753 shares of the technology company’s stock valued at $9,263,000 after buying an additional 287,165 shares in the last quarter. First Trust Advisors LP grew its holdings in CSRA by 23.8% in the 3rd quarter. First Trust Advisors LP now owns 324,550 shares of the technology company’s stock valued at $10,473,000 after buying an additional 62,496 shares in the last quarter. Delta Asset Management LLC TN grew its holdings in CSRA by 2.7% in the 3rd quarter. Delta Asset Management LLC TN now owns 158,248 shares of the technology company’s stock valued at $5,107,000 after buying an additional 4,187 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in CSRA in the 2nd quarter valued at $947,000. 95.91% of the stock is currently owned by institutional investors and hedge funds.

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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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