Perspecta (NASDAQ:PRSP) Releases FY 2020 After-Hours Earnings Guidance

Perspecta (NASDAQ:PRSP) issued an update on its FY 2020
After-Hours earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.90-2.03 for the period, compared to the Thomson Reuters consensus estimate of $2.12. The company issued revenue guidance of $4.26-4.41 billion, compared to the consensus revenue estimate of $4.48 billion.

Shares of NASDAQ:PRSP traded down $0.34 during midday trading on Thursday, reaching $22.99. The company had a trading volume of 1,087,227 shares, compared to its average volume of 1,147,438. The business’s 50 day moving average price is $20.39 and its 200 day moving average price is $24.21. Perspecta has a 1-year low of $14.03 and a 1-year high of $29.88.

A number of analysts recently issued reports on PRSP shares. Cowen reaffirmed a hold rating and issued a $28.00 target price on shares of Perspecta in a research report on Thursday, March 5th. BidaskClub raised Perspecta from a sell rating to a hold rating in a research report on Wednesday, April 29th. Morgan Stanley lifted their target price on Perspecta from $20.00 to $21.00 and gave the company an equal weight rating in a research report on Tuesday, April 14th. Zacks Investment Research raised Perspecta from a sell rating to a hold rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Co boosted their price target on Perspecta from $18.50 to $21.00 and gave the stock an equal weight rating in a research report on Friday, May 15th. Seven investment analysts have rated the stock with a hold rating, The company has a consensus rating of Hold and an average target price of $23.80.

In other Perspecta news, Director Michael Earl Ventling bought 2,000 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was purchased at an average cost of $19.00 per share, for a total transaction of $38,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip O. Nolan bought 4,568 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $21.27 per share, with a total value of $97,161.36. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 11,424 shares of company stock valued at $232,378.

Perspecta Company Profile

There is no company description available for Perspecta Inc

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