CSRA Inc. (NYSE:CSRA) updated its FY18 earnings guidance on Wednesday. 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 $5-5.2 billion, compared to the consensus revenue estimate of $5.12 billion.
Several research analysts have commented on CSRA shares. Cowen and Company lowered shares of CSRA from an outperform rating to a market perform rating and dropped their price objective for the stock from $35.00 to $32.00 in a research note on Monday, March 6th. Zacks Investment Research raised shares of CSRA from a sell rating to a hold rating in a research note on Monday, March 13th. Vertical Research initiated coverage on shares of CSRA in a research note on Thursday, March 16th. They set a hold rating and a $32.00 target price for the company. Royal Bank of Canada boosted their target price on shares of CSRA from $37.00 to $38.00 and gave the company an outperform rating in a research note on Thursday, May 25th. Finally, Evercore ISI initiated coverage on shares of CSRA in a research note on Tuesday, April 4th. They set an outperform rating and a $34.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $34.33.
CSRA Inc. (NYSE:CSRA) traded down 0.15% during mid-day trading on Friday, reaching $32.35. 2,203,105 shares of the company were exchanged. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 17.58 and a beta of 1.96. The stock’s 50-day moving average price is $30.17 and its 200-day moving average price is $30.47. CSRA Inc. has a 1-year low of $21.95 and a 1-year high of $33.54.
CSRA (NYSE:CSRA) last posted its earnings results on Wednesday, May 24th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. CSRA had a return on equity of 128.47% and a net margin of 6.09%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that CSRA Inc. will post $1.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Thursday, June 15th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. CSRA’s dividend payout ratio (DPR) is currently 21.86%.
In related news, insider Lawrence B. Prior III bought 49,500 shares of the stock in a transaction dated 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 in the company, valued at $2,326,235. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David F. Keffer sold 20,000 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $30.08, for a total value of $601,600.00. Following the completion of the transaction, the chief financial officer now directly owns 8,202 shares of the company’s stock, valued at approximately $246,716.16. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company 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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