$0.54 Earnings Per Share Expected for CSRA Inc (CSRA) This Quarter

Brokerages expect that CSRA Inc (NYSE:CSRA) will report earnings per share of $0.54 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for CSRA’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.52. CSRA reported earnings per share of $0.49 during the same quarter last year, which suggests a positive year-over-year growth rate of 10.2%. The company is expected to announce its next quarterly earnings results on Wednesday, May 23rd.

On average, 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 anticipate 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 EPS averages are an average based on a survey of research analysts that cover CSRA.

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CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. CSRA had a return on equity of 68.98% and a net margin of 7.46%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share.

A number of research analysts have recently weighed in on CSRA shares. Zacks Investment Research upgraded CSRA from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Royal Bank of Canada set a $41.00 target price on CSRA and gave the company a “buy” rating in a report on Tuesday, January 23rd. TheStreet upgraded CSRA from a “c” rating to a “b-” rating in a report on Monday, December 4th. Jefferies Group restated a “hold” rating and issued a $33.00 target price on shares of CSRA in a report on Monday, January 8th. Finally, Loop Capital lowered CSRA from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $36.88.

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Inc. increased its position in CSRA by 18.6% in the fourth quarter. Advisor Group Inc. now owns 9,925 shares of the technology company’s stock worth $298,000 after buying an additional 1,560 shares during the last quarter. New Mexico Educational Retirement Board increased its position in CSRA by 12.2% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,687 shares of the technology company’s stock worth $469,000 after buying an additional 1,700 shares during the last quarter. Amalgamated Bank increased its position in CSRA by 5.3% in the fourth quarter. Amalgamated Bank now owns 34,952 shares of the technology company’s stock worth $1,046,000 after buying an additional 1,744 shares during the last quarter. Argyle Capital Management Inc. increased its position in CSRA by 5.2% in the fourth quarter. Argyle Capital Management Inc. now owns 40,200 shares of the technology company’s stock worth $1,203,000 after buying an additional 2,000 shares during the last quarter. Finally, Norinchukin Bank The increased its position in CSRA by 20.7% in the third quarter. Norinchukin Bank The now owns 12,167 shares of the technology company’s stock worth $393,000 after buying an additional 2,084 shares during the last quarter. 94.32% of the stock is owned by institutional investors.

CSRA stock opened at $41.23 on Friday. CSRA has a twelve month low of $27.38 and a twelve month high of $41.60. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $6,758.67, a PE ratio of 20.72, a P/E/G ratio of 2.12 and a beta of 0.84.

The firm also recently declared a dividend, which was paid on Wednesday, March 28th. Investors of record on Thursday, March 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 28th. CSRA’s payout ratio is 20.94%.

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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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Earnings History and Estimates for CSRA (NYSE:CSRA)

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