Perspecta Inc (PRSP) Expected to Post Earnings of $0.45 Per Share

Wall Street brokerages expect Perspecta Inc (NASDAQ:PRSP) to announce $0.45 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Perspecta’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.46. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Perspecta will report full-year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $1.95. For the next year, analysts expect that the company will post earnings of $1.98 per share, with EPS estimates ranging from $1.95 to $2.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Perspecta.

Perspecta (NASDAQ:PRSP) last announced its earnings results on Wednesday, November 14th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. The company’s revenue was up 51.3% on a year-over-year basis.

Several research analysts have recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Perspecta in a report on Tuesday, October 16th. They set a “buy” rating and a $35.00 price objective on the stock. Wells Fargo & Co upgraded shares of Perspecta from a “market perform” rating to an “outperform” rating in a report on Friday, September 14th. Zacks Investment Research downgraded shares of Perspecta from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 14th. Finally, Cowen restated a “buy” rating and set a $30.00 price objective on shares of Perspecta in a report on Thursday, November 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $27.60.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Perspecta by 0.7% during the 3rd quarter. BlackRock Inc. now owns 16,613,779 shares of the company’s stock worth $427,308,000 after purchasing an additional 110,488 shares during the period. Vanguard Group Inc. boosted its position in shares of Perspecta by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 13,060,550 shares of the company’s stock valued at $335,918,000 after acquiring an additional 205,294 shares in the last quarter. Investec Asset Management LTD acquired a new stake in shares of Perspecta during the 2nd quarter valued at about $69,124,000. Eagle Asset Management Inc. boosted its position in shares of Perspecta by 26.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,824,321 shares of the company’s stock valued at $72,641,000 after acquiring an additional 589,139 shares in the last quarter. Finally, Dorsal Capital Management LLC boosted its position in shares of Perspecta by 98.2% during the 3rd quarter. Dorsal Capital Management LLC now owns 2,775,000 shares of the company’s stock valued at $71,373,000 after acquiring an additional 1,375,000 shares in the last quarter.

PRSP traded up $0.15 during trading on Monday, hitting $20.26. The stock had a trading volume of 669,729 shares, compared to its average volume of 2,089,738. Perspecta has a 12 month low of $19.60 and a 12 month high of $27.68.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 5th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.99%.

Perspecta Company Profile

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