Wall Street brokerages forecast that CSRA Inc (NYSE:CSRA) will report $1.39 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for CSRA’s earnings, with the highest sales estimate coming in at $1.48 billion and the lowest estimate coming in at $1.36 billion. CSRA posted sales of $1.25 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.2%. The company is expected to report its next earnings results on Wednesday, May 23rd.
On average, analysts expect that CSRA will report full year sales of $1.39 billion for the current year, with estimates ranging from $5.17 billion to $5.19 billion. For the next fiscal year, analysts forecast that the company will post sales of $5.52 billion per share, with estimates ranging from $5.38 billion to $5.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover CSRA.
CSRA (NYSE:CSRA) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. CSRA had a return on equity of 68.98% and a net margin of 7.46%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share.
A number of research firms recently commented on CSRA. Drexel Hamilton downgraded CSRA from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Zacks Investment Research downgraded CSRA from a “buy” rating to a “hold” rating in a research report on Monday. Raymond James Financial restated a “market perform” rating on shares of CSRA in a research report on Tuesday, February 13th. SunTrust Banks downgraded CSRA from a “buy” rating to a “hold” rating and set a $40.75 price objective on the stock. in a research report on Wednesday, February 14th. Finally, Loop Capital downgraded CSRA from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $36.88.
Shares of CSRA (CSRA) opened at $40.67 on Thursday. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $6,655.40, a PE ratio of 17.76, a P/E/G ratio of 2.09 and a beta of 0.92. CSRA has a 52-week low of $27.38 and a 52-week high of $40.84.
A number of hedge funds have recently modified their holdings of CSRA. Iridian Asset Management LLC CT bought a new position in shares of CSRA during the fourth quarter valued at approximately $59,049,000. M&T Bank Corp bought a new position in shares of CSRA during the fourth quarter valued at approximately $332,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of CSRA during the fourth quarter valued at approximately $237,000. Schwab Charles Investment Management Inc. grew its stake in shares of CSRA by 5.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,074,503 shares of the technology company’s stock valued at $32,150,000 after buying an additional 54,011 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of CSRA by 4.1% during the third quarter. Legal & General Group Plc now owns 693,659 shares of the technology company’s stock valued at $22,382,000 after buying an additional 27,598 shares during the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.
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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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