Analysts forecast that CSRA Inc (NYSE:CSRA) will announce earnings of $0.54 per share for the current quarter, Zacks reports. Five analysts have issued estimates for CSRA’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.56. CSRA reported earnings per share of $0.49 during the same quarter last year, which would suggest a positive year over year growth rate of 10.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, May 23rd.
According to Zacks, analysts expect that CSRA will report full year earnings of $2.04 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.06. For the next fiscal year, analysts forecast that the business will post earnings of $2.33 per share, with EPS estimates ranging from $2.25 to $2.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for CSRA.
CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share for the quarter, topping the 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 company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year.
Several analysts have recently commented on the stock. Drexel Hamilton lowered shares of CSRA from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Zacks Investment Research lowered shares of CSRA from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Raymond James Financial reiterated a “market perform” rating on shares of CSRA in a research report on Tuesday, February 13th. SunTrust Banks lowered shares of CSRA from a “buy” rating to a “hold” rating and set a $40.75 price target on the stock. in a research report on Wednesday, February 14th. Finally, Loop Capital lowered shares of CSRA from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. CSRA presently has a consensus rating of “Hold” and a consensus target price of $36.88.
CSRA stock traded up $0.46 during mid-day trading on Tuesday, hitting $41.48. 7,695,734 shares of the stock traded hands, compared to its average volume of 3,613,630. The firm has a market capitalization of $6,663.60, a price-to-earnings ratio of 18.11, a PEG ratio of 2.09 and a beta of 0.92. CSRA has a twelve month low of $27.38 and a twelve month high of $41.48. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 4.39.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of CSRA by 4.5% during the fourth quarter. BlackRock Inc. now owns 9,627,742 shares of the technology company’s stock valued at $288,061,000 after buying an additional 418,881 shares during the period. Guggenheim Capital LLC lifted its stake in shares of CSRA by 19.6% during the fourth quarter. Guggenheim Capital LLC now owns 2,451,374 shares of the technology company’s stock valued at $73,344,000 after buying an additional 402,315 shares during the period. Iridian Asset Management LLC CT purchased a new position in shares of CSRA during the fourth quarter valued at approximately $59,049,000. Geode Capital Management LLC lifted its stake in shares of CSRA by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 1,858,866 shares of the technology company’s stock valued at $55,533,000 after buying an additional 71,840 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in shares of CSRA by 2.7% during the fourth quarter. Wedge Capital Management L L P NC now owns 1,513,118 shares of the technology company’s stock valued at $45,272,000 after buying an additional 40,157 shares during the period. 94.32% of the stock is currently owned by institutional investors and hedge funds.
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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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