Perspecta (NASDAQ:PRSP) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.08-2.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.11. The company issued revenue guidance of $4.4-4.5 billion, compared to the consensus revenue estimate of $4.4 billion.
Shares of NASDAQ:PRSP traded down $0.38 during trading hours on Wednesday, reaching $21.62. The stock had a trading volume of 485,683 shares, compared to its average volume of 785,383. Perspecta has a 1 year low of $15.74 and a 1 year high of $26.64. The business’s 50 day moving average is $23.33.
Perspecta (NASDAQ:PRSP) last announced its quarterly earnings data on Thursday, June 6th. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.06. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 53.0% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Wednesday, June 5th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from Perspecta’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, June 4th.
A number of research analysts recently commented on PRSP shares. Morgan Stanley set a $21.00 target price on shares of Perspecta and gave the company a sell rating in a research report on Monday, June 17th. Cowen downgraded shares of Perspecta from an outperform rating to a market perform rating and dropped their target price for the company from $28.00 to $26.00 in a research report on Monday, June 10th. Goldman Sachs Group started coverage on shares of Perspecta in a research report on Thursday, May 9th. They issued a sell rating and a $21.00 target price on the stock. Loop Capital increased their target price on shares of Perspecta to $22.00 and gave the company a hold rating in a research report on Friday, June 7th. Finally, Zacks Investment Research raised shares of Perspecta from a sell rating to a hold rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $25.17.
In other Perspecta news, Director Philip O. Nolan acquired 4,705 shares of the stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of $21.49 per share, with a total value of $101,110.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Philip O. Nolan acquired 4,257 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost of $23.37 per share, for a total transaction of $99,486.09. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,328 shares of company stock worth $300,927 over the last three months.
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