CSRA Inc (CSRA) Expected to Post FY2019 Earnings of $2.08 Per Share

CSRA Inc (NYSE:CSRA) – Equities researchers at Jefferies Group boosted their FY2019 earnings per share estimates for CSRA in a research note issued on Monday. Jefferies Group analyst S. Kahyaoglu now forecasts that the technology company will post earnings of $2.08 per share for the year, up from their prior forecast of $2.01. Jefferies Group currently has a “Hold” rating and a $33.00 target price on the stock. Jefferies Group also issued estimates for CSRA’s FY2020 earnings at $2.29 EPS.

A number of other research analysts have also issued reports on CSRA. SunTrust Banks upgraded 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 report on Friday, September 15th. Zacks Investment Research lowered CSRA from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Cowen reiterated a “hold” rating and set a $35.00 price target on shares of CSRA in a research report on Monday, September 18th. BidaskClub lowered CSRA from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Finally, Vertical Research lowered CSRA from a “hold” rating to a “sell” rating and set a $31.00 price target for the company. in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. CSRA currently has an average rating of “Hold” and a consensus target price of $36.30.

Shares of CSRA (CSRA) traded down $0.31 during mid-day trading on Tuesday, reaching $30.77. The company’s stock had a trading volume of 745,441 shares, compared to its average volume of 1,110,000. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.68. CSRA has a one year low of $27.38 and a one year high of $33.67. The firm has a market cap of $5,030.00 and a price-to-earnings ratio of 16.03.

CSRA (NYSE:CSRA) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). CSRA had a return on equity of 79.44% and a net margin of 6.35%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm posted $0.56 EPS. The company’s revenue was up .7% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, January 3rd. CSRA’s dividend payout ratio is presently 20.83%.

Several institutional investors and hedge funds have recently bought and sold shares of CSRA. Schwab Charles Investment Management Inc. raised its stake in shares of CSRA by 51.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 979,843 shares of the technology company’s stock worth $31,111,000 after buying an additional 331,532 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CSRA by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock worth $184,000 after buying an additional 607 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of CSRA by 2.7% in the 2nd quarter. Principal Financial Group Inc. now owns 239,994 shares of the technology company’s stock worth $7,619,000 after buying an additional 6,418 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in shares of CSRA in the 2nd quarter worth $406,000. Finally, Swiss National Bank raised its stake in shares of CSRA by 1.0% in the 2nd quarter. Swiss National Bank now owns 272,023 shares of the technology company’s stock worth $8,637,000 after buying an additional 2,700 shares in the last quarter. 94.66% of the stock is currently 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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