Wall Street brokerages expect Perspecta Inc (NASDAQ:PRSP) to post $0.43 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Perspecta’s earnings, with estimates ranging from $0.43 to $0.44. The business is expected to report its next earnings report after the market closes on Wednesday, November 14th.
On average, analysts expect that Perspecta will report full year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $1.92. For the next year, analysts expect that the firm will post earnings of $1.96 per share, with EPS estimates ranging from $1.92 to $2.00. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Perspecta.
Perspecta (NASDAQ:PRSP) last announced its earnings results on Tuesday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The business had revenue of $793.00 million for the quarter, compared to analysts’ expectations of $1.05 billion.
Several research analysts have issued reports on the company. Loop Capital started coverage on Perspecta in a research report on Thursday, August 9th. They set a “hold” rating and a $23.00 target price for the company. Cowen reiterated a “buy” rating and issued a $32.00 price target on shares of Perspecta in a report on Thursday, August 2nd. Stifel Nicolaus started coverage on Perspecta in a report on Tuesday, October 16th. They issued a “buy” rating and a $35.00 price target for the company. Zacks Investment Research upgraded Perspecta from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, August 22nd. Finally, Wells Fargo & Co upgraded Perspecta from a “market perform” rating to an “outperform” rating in a report on Friday, September 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $28.00.
Shares of NASDAQ:PRSP traded down $0.34 during trading hours on Friday, hitting $23.39. 539,580 shares of the company’s stock traded hands, compared to its average volume of 2,232,935. Perspecta has a 1 year low of $19.84 and a 1 year high of $27.68.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 16th. Investors of record on Wednesday, September 5th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Tuesday, September 4th.
Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new position in Perspecta in the third quarter worth approximately $117,000. Global X Management Co LLC bought a new position in Perspecta in the second quarter worth approximately $105,000. Advisors Asset Management Inc. bought a new position in Perspecta in the second quarter worth approximately $107,000. Westpac Banking Corp bought a new position in Perspecta in the second quarter worth approximately $147,000. Finally, Engineers Gate Manager LP bought a new position in Perspecta in the third quarter worth approximately $202,000.
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