CSRA Inc. (NYSE:CSRA) Updates FY18 Earnings Guidance
CSRA Inc. (NYSE:CSRA) issued an update on its FY18 earnings guidance on Wednesday 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 $1.96. The company issued revenue guidance of $5.0-$5.2 billion, compared to the consensus revenue estimate of $5.11 billion.
Shares of CSRA Inc. (NYSE CSRA) traded down 0.22% during midday trading on Wednesday, reaching $32.19. The company had a trading volume of 1,480,096 shares. CSRA Inc. has a 52-week low of $24.48 and a 52-week high of $33.67. The stock has a market capitalization of $5.25 billion, a PE ratio of 17.49 and a beta of 1.94. The company’s 50 day moving average price is $32.43 and its 200 day moving average price is $30.54.
CSRA (NYSE:CSRA) last released its earnings results on Wednesday, May 24th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. CSRA had a return on equity of 128.47% and a net margin of 6.09%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. Equities research analysts expect that CSRA Inc. will post $1.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Thursday, June 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, June 13th. CSRA’s payout ratio is currently 21.86%.
A number of research firms have recently issued reports on CSRA. Royal Bank Of Canada reissued a buy rating and issued a $38.00 target price 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $34.63.
In related 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 directly owns 8,202 shares in the company, valued at $246,716.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lawrence B. Prior III purchased 49,500 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was acquired at an average price of $30.50 per share, for a total transaction of $1,509,750.00. Following the completion of the purchase, the insider now owns 76,270 shares of the company’s stock, valued at $2,326,235. The disclosure for this purchase can be found here. 0.40% of the stock is owned by insiders.
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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.
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