CSRA Inc. (CSRA) Updates FY18 Earnings Guidance

CSRA Inc. (NYSE:CSRA) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $1.88-$2.00 for the period, compared to the Thomson Reuters consensus EPS 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.

Several brokerages recently issued reports on CSRA. Cowen and Company reiterated a market perform rating and set a $35.00 price target (up previously from $32.00) on shares of CSRA in a report on Thursday, August 10th. Royal Bank Of Canada upped their price target on CSRA from $37.00 to $38.00 and gave the stock an outperform rating in a report on Thursday, May 25th. Finally, Zacks Investment Research upgraded CSRA from a hold rating to a buy rating and set a $36.00 price target for the company in a report on Wednesday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $35.50.

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

CSRA (NYSE:CSRA) last issued its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. CSRA’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts expect that CSRA Inc. will post $1.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, August 25th. CSRA’s payout ratio is currently 20.94%.

In related news, insider Lawrence B. Prior III bought 49,500 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average cost of $30.50 per share, for a total transaction of $1,509,750.00. Following the completion of the transaction, the insider now owns 76,270 shares of the company’s stock, valued at $2,326,235. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David F. Keffer sold 20,000 shares of CSRA stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $30.08, for a total value of $601,600.00. Following the transaction, the chief financial officer now owns 8,202 shares in the company, valued at $246,716.16. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

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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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