CSRA Inc. (CSRA) Expected to Announce Earnings of $0.45 Per Share
Wall Street brokerages expect that CSRA Inc. (NYSE:CSRA) will report earnings per share of $0.45 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for CSRA’s earnings, with estimates ranging from $0.43 to $0.47. CSRA reported earnings per share of $0.51 in the same quarter last year, which would suggest a negative year over year growth rate of 11.8%. The company is expected to report its next earnings report on Wednesday, August 9th.
On average, analysts expect that CSRA will report full-year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.91 to $2.00. For the next year, analysts anticipate that the company will post earnings of $2.13 per share, with EPS estimates ranging from $2.10 to $2.16. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover CSRA.
CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. CSRA had a return on equity of 128.47% and a net margin of 6.09%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year.
A number of research firms recently issued reports on CSRA. Royal Bank Of Canada reissued a “buy” rating and set a $38.00 price target on shares of CSRA in a report on Sunday. Zacks Investment Research raised CSRA from a “sell” rating to a “hold” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $34.63.
Shares of CSRA (NYSE:CSRA) opened at 32.19 on Thursday. CSRA has a 52 week low of $24.48 and a 52 week high of $33.67. The stock has a market cap of $5.25 billion, a P/E ratio of 17.49 and a beta of 1.94. The stock has a 50 day moving average price of $32.44 and a 200-day moving average price of $30.56.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Thursday, June 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Tuesday, June 13th. CSRA’s dividend payout ratio is presently 21.86%.
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In other CSRA news, CFO David F. Keffer sold 20,000 shares of CSRA stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total value of $601,600.00. Following the sale, the chief financial officer now owns 8,202 shares of the company’s stock, valued at approximately $246,716.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence B. Prior III acquired 49,500 shares of the stock in a transaction on Friday, June 2nd. The stock was acquired at an average cost of $30.50 per share, for a total transaction of $1,509,750.00. Following the acquisition, the insider now directly owns 76,270 shares in the company, valued at approximately $2,326,235. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of CSRA by 9.5% in the first quarter. Vanguard Group Inc. now owns 19,326,634 shares of the technology company’s stock worth $566,078,000 after buying an additional 1,676,207 shares in the last quarter. FMR LLC raised its stake in shares of CSRA by 24.2% in the first quarter. FMR LLC now owns 16,529,060 shares of the technology company’s stock worth $484,137,000 after buying an additional 3,219,519 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of CSRA by 4.9% in the first quarter. William Blair Investment Management LLC now owns 9,515,724 shares of the technology company’s stock worth $278,716,000 after buying an additional 445,335 shares in the last quarter. BlackRock Inc. raised its stake in shares of CSRA by 5,792.2% in the first quarter. BlackRock Inc. now owns 8,355,071 shares of the technology company’s stock worth $244,721,000 after buying an additional 8,213,272 shares in the last quarter. Finally, Causeway Capital Management LLC raised its stake in shares of CSRA by 16.7% in the first quarter. Causeway Capital Management LLC now owns 5,686,079 shares of the technology company’s stock worth $189,902,000 after buying an additional 815,575 shares in the last quarter. 93.77% of the stock is currently owned by institutional investors.
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.
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