CSRA Inc. (CSRA) Updates FY18 Earnings Guidance
CSRA Inc. (NYSE:CSRA) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.88-2.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.97. The company issued revenue guidance of $5.00-5.20 billion, compared to the consensus revenue estimate of $5.10 billion.
Shares of CSRA Inc. (NYSE:CSRA) traded down $0.02 during midday trading on Tuesday, reaching $31.73. 1,448,393 shares of the company’s stock were exchanged, compared to its average volume of 904,104. The company has a market capitalization of $5,190.00 and a PE ratio of 15.59. CSRA Inc. has a twelve month low of $25.72 and a twelve month high of $33.67. The company has a debt-to-equity ratio of 6.66, a current ratio of 1.10 and a quick ratio of 1.10.
CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business earned $0.48 earnings per share. CSRA’s quarterly revenue was down 2.0% on a year-over-year basis. sell-side analysts forecast that CSRA Inc. will post 1.96 earnings per share for the current year.
A number of research firms recently weighed in on CSRA. Royal Bank Of Canada reissued a buy rating and set a $38.00 price target on shares of CSRA in a research note on Sunday, August 6th. Zacks Investment Research raised shares of CSRA from a sell rating to a hold rating and set a $36.00 price target for the company in a research note on Tuesday, August 8th. Cowen and Company reissued a market perform rating and set a $35.00 price target (up from $32.00) on shares of CSRA in a research note on Thursday, August 10th. Finally, SunTrust Banks, Inc. raised shares of CSRA from a hold rating to a buy rating and boosted their price target for the stock from $34.00 to $39.00 in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $36.50.
In related news, EVP George Batsakis sold 28,392 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total transaction of $892,076.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig L. Martin bought 20,000 shares of CSRA stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $32.31 per share, with a total value of $646,200.00. Following the acquisition, the director now directly owns 33,500 shares of the company’s stock, valued at approximately $1,082,385. The disclosure for this purchase can be found here. 0.40% of the stock is owned by corporate insiders.
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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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