CSRA Inc. (CSRA) Updates FY18 Earnings Guidance

CSRA Inc. (NYSE:CSRA) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.88-$2.00 for the period, compared to the Thomson Reuters consensus estimate of $1.96. The company issued revenue guidance of $5.0-$5.2 billion, compared to the consensus revenue estimate of $5.11 billion.

CSRA Inc. (CSRA) traded down 0.78% during midday trading on Friday, hitting $31.60. 860,002 shares of the stock traded hands. The firm has a market cap of $5.17 billion, a PE ratio of 16.46 and a beta of 1.94. CSRA Inc. has a 12 month low of $24.48 and a 12 month high of $33.67. The company’s 50 day moving average price is $32.52 and its 200 day moving average price is $30.59.

CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the company earned $0.48 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts predict that CSRA Inc. will post $1.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, August 25th. CSRA’s dividend payout ratio (DPR) is presently 20.94%.

CSRA has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded CSRA from a buy rating to a hold rating in a research report on Monday, May 22nd. Royal Bank Of Canada reissued a buy rating on shares of CSRA in a research report on Tuesday. Finally, Cowen and Company reissued a market perform rating and set a $35.00 price objective (up from $32.00) on shares of CSRA in a research report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $35.50.

In other CSRA news, Director Craig L. Martin bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $32.31 per share, for a total transaction of $646,200.00. Following the completion of the purchase, the director now directly owns 33,500 shares in the company, valued at $1,082,385. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lawrence B. Prior III bought 49,500 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average price of $30.50 per share, with a total value of $1,509,750.00. Following the purchase, the insider now owns 76,270 shares of the company’s stock, valued at $2,326,235. The disclosure for this purchase can be found here. 0.40% of the stock is owned by insiders.

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About CSRA

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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