$1.26 Billion in Sales Expected for CSRA Inc (CSRA) This Quarter

Wall Street analysts expect CSRA Inc (NYSE:CSRA) to announce $1.26 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for CSRA’s earnings, with the lowest sales estimate coming in at $1.23 billion and the highest estimate coming in at $1.29 billion. CSRA posted sales of $1.22 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The firm is expected to issue its next earnings results after the market closes on Wednesday, February 7th.

On average, analysts expect that CSRA will report full-year sales of $1.26 billion for the current financial year, with estimates ranging from $5.11 billion to $5.22 billion. For the next year, analysts forecast that the business will report sales of $5.48 billion per share, with estimates ranging from $5.24 billion to $5.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for CSRA.

CSRA (NYSE:CSRA) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). CSRA had a net margin of 6.35% and a return on equity of 79.44%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm posted $0.56 EPS. The business’s revenue was up .7% on a year-over-year basis.

A number of research analysts have recently issued reports on CSRA shares. TheStreet upgraded shares of CSRA from a “c” rating to a “b-” rating in a research note on Monday, December 4th. ValuEngine upgraded shares of CSRA from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $39.00 target price on shares of CSRA in a research note on Tuesday, November 21st. Royal Bank of Canada set a $37.00 target price on shares of CSRA and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, Jefferies Group reiterated a “hold” rating and issued a $35.00 target price on shares of CSRA in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $36.30.

Hedge funds have recently bought and sold shares of the stock. GLG Partners LP bought a new position in CSRA in the 2nd quarter worth approximately $164,000. Neuberger Berman Group LLC bought a new position in CSRA in the 3rd quarter worth approximately $211,000. Intact Investment Management Inc. bought a new position in CSRA in the 3rd quarter worth approximately $223,000. Boothbay Fund Management LLC bought a new position in CSRA in the 3rd quarter worth approximately $234,000. Finally, D.A. Davidson & CO. raised its position in CSRA by 43.3% in the 2nd quarter. D.A. Davidson & CO. now owns 7,985 shares of the technology company’s stock worth $253,000 after purchasing an additional 2,411 shares during the last quarter. Hedge funds and other institutional investors own 94.79% of the company’s stock.

CSRA (NYSE CSRA) opened at $32.20 on Tuesday. CSRA has a one year low of $27.38 and a one year high of $33.67. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.68. The stock has a market cap of $5,267.17, a P/E ratio of 16.86, a PEG ratio of 1.71 and a beta of 1.70.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, January 3rd. CSRA’s dividend payout ratio (DPR) is presently 20.94%.

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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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Earnings History and Estimates for CSRA (NYSE:CSRA)

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