$1.29 Billion in Sales Expected for CSRA Inc. (NYSE:CSRA) This Quarter
Equities analysts expect that CSRA Inc. (NYSE:CSRA) will post sales of $1.29 billion for the current quarter, Zacks reports. Three analysts have provided estimates for CSRA’s earnings, with estimates ranging from $1.28 billion to $1.31 billion. CSRA posted sales of $1.26 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.4%. The business is expected to issue its next earnings results on Wednesday, November 8th.
On average, analysts expect that CSRA will report full year sales of $1.29 billion for the current financial year, with estimates ranging from $5.10 billion to $5.13 billion. For the next financial year, analysts forecast that the company will report sales of $5.36 billion per share, with estimates ranging from $5.32 billion to $5.43 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow CSRA.
CSRA (NYSE:CSRA) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, beating 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 quarter last year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year.
A number of research firms recently weighed in on CSRA. Royal Bank Of Canada restated a “buy” rating and issued a $38.00 price target on shares of CSRA in a research note on Sunday, August 6th. Zacks Investment Research upgraded CSRA from a “sell” rating to a “hold” rating and set a $36.00 price target on the stock in a research note on Tuesday. Finally, Cowen and Company restated a “market perform” rating and issued a $35.00 price target (up previously from $32.00) on shares of CSRA in a research note on Thursday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $35.50.
In other CSRA news, CFO David F. Keffer sold 20,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total transaction of $601,600.00. Following the transaction, the chief financial officer now owns 8,202 shares in the company, valued at approximately $246,716.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lawrence B. Prior III acquired 49,500 shares of the stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $30.50 per share, for a total transaction of $1,509,750.00. Following the transaction, the insider now directly owns 76,270 shares in the company, valued at $2,326,235. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. APG Asset Management N.V. boosted its position in CSRA by 34.5% in the first quarter. APG Asset Management N.V. now owns 328,363 shares of the technology company’s stock valued at $9,618,000 after buying an additional 84,300 shares during the last quarter. Stoneridge Investment Partners LLC boosted its position in CSRA by 6.8% in the first quarter. Stoneridge Investment Partners LLC now owns 183,796 shares of the technology company’s stock valued at $5,383,000 after buying an additional 11,728 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in CSRA by 3.0% in the first quarter. Great West Life Assurance Co. Can now owns 269,580 shares of the technology company’s stock valued at $7,927,000 after buying an additional 7,947 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in CSRA by 5.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,800 shares of the technology company’s stock valued at $551,000 after buying an additional 1,045 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in CSRA by 4.4% in the first quarter. Jennison Associates LLC now owns 1,024,205 shares of the technology company’s stock valued at $29,999,000 after buying an additional 43,471 shares during the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.
Shares of CSRA (NYSE CSRA) traded down 0.37% during trading on Friday, reaching $32.23. 1,049,234 shares of the company were exchanged. The company has a 50 day moving average price of $32.47 and a 200-day moving average price of $30.57. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 16.79 and a beta of 1.94. CSRA has a one year low of $24.48 and a one year high of $33.67.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, August 25th. CSRA’s payout ratio is 20.94%.
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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