Perspecta (NASDAQ:PRSP) Releases FY 2020 After-Hours Earnings Guidance

Perspecta (NASDAQ:PRSP) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided EPS guidance of 2.12-2.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.13. The company issued revenue guidance of $4.45-4.5 billion, compared to the consensus revenue estimate of $4.48 billion.Perspecta also updated its FY20 guidance to $2.12-2.18 EPS.

A number of brokerages recently issued reports on PRSP. BidaskClub lowered shares of Perspecta from a hold rating to a sell rating in a research report on Tuesday. Wells Fargo & Co cut Perspecta from an overweight rating to an equal weight rating and dropped their price objective for the stock from $31.00 to $26.00 in a report on Thursday, February 6th. Finally, Zacks Investment Research raised Perspecta from a strong sell rating to a hold rating in a research note on Thursday, January 16th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Perspecta presently has a consensus rating of Hold and an average target price of $24.00.

NASDAQ:PRSP traded down $0.45 during trading hours on Friday, reaching $24.68. 1,584,799 shares of the stock were exchanged, compared to its average volume of 1,264,357. Perspecta has a twelve month low of $20.03 and a twelve month high of $29.88. The firm has a 50 day moving average of $26.92 and a 200 day moving average of $26.12.

Perspecta (NASDAQ:PRSP) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.47 EPS. The company’s revenue was up 4.7% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 3rd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, March 2nd.

Perspecta Company Profile

There is no company description available for Perspecta Inc

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