CSRA Inc (NYSE:CSRA) – Research analysts at SunTrust Banks boosted their FY2020 earnings estimates for shares of CSRA in a report released on Thursday. SunTrust Banks analyst F. Atkins now anticipates that the technology company will post earnings of $2.41 per share for the year, up from their prior estimate of $2.17. SunTrust Banks has a “Hold” rating and a $40.75 price objective on the stock.

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

Several other research firms have also issued reports on CSRA. Drexel Hamilton lowered shares of CSRA from a “buy” rating to a “hold” rating in a research report on Tuesday. Raymond James Financial reaffirmed a “market perform” rating on shares of CSRA in a report on Tuesday. Wells Fargo & Co lowered shares of CSRA from an “outperform” rating to a “market perform” rating and set a $42.00 price objective for the company. in a report on Monday. Stifel Nicolaus lowered shares of CSRA from a “buy” rating to a “hold” rating in a report on Monday. Finally, Zacks Investment Research raised shares of CSRA from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CSRA currently has a consensus rating of “Hold” and an average price target of $36.88.

CSRA (NYSE CSRA) traded down $0.04 during trading hours on Monday, reaching $40.54. 4,335,536 shares of the company traded hands, compared to its average volume of 2,965,666. CSRA has a 52-week low of $27.38 and a 52-week high of $40.65. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $6,620.87, a price-to-earnings ratio of 17.71, a PEG ratio of 2.08 and a beta of 1.81.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Wednesday, January 3rd. CSRA’s payout ratio is 17.47%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of CSRA in the fourth quarter valued at approximately $127,000. Neuberger Berman Group LLC acquired a new stake in shares of CSRA in the third quarter valued at approximately $211,000. Intact Investment Management Inc. acquired a new stake in shares of CSRA in the third quarter valued at approximately $223,000. Boothbay Fund Management LLC acquired a new stake in shares of CSRA in the third quarter valued at approximately $234,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of CSRA in the fourth quarter valued at approximately $237,000. 95.91% of the stock is owned by institutional investors.

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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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