CSRA Inc. (NYSE:CSRA) announced its quarterly earnings data on Wednesday. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03, Bloomberg Earnings reports. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. CSRA had a net margin of 6.09% and a return on equity of 128.47%. CSRA’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. CSRA updated its FY18 guidance to $1.88-$2.00 EPS.
Shares of CSRA (NYSE:CSRA) traded up 1.71% on Thursday, reaching $32.74. 231,482 shares of the company’s stock traded hands. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 17.79 and a beta of 1.94. The stock’s 50-day moving average price is $32.44 and its 200-day moving average price is $30.56. CSRA has a 52 week low of $24.48 and a 52 week high of $33.67.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, June 13th. CSRA’s dividend payout ratio (DPR) is presently 21.86%.
Several brokerages have weighed in on CSRA. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 target price on shares of CSRA in a research note on Sunday. Zacks Investment Research raised shares of CSRA from a “sell” rating to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CSRA currently has an average rating of “Buy” and a consensus price target of $34.63.
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In other news, CFO David F. Keffer sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total transaction of $601,600.00. Following the completion of the sale, the chief financial officer now owns 8,202 shares in the company, valued at approximately $246,716.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lawrence B. Prior III bought 49,500 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were purchased at an average price of $30.50 per share, with a total value of $1,509,750.00. Following the acquisition, the insider now directly owns 76,270 shares in the company, valued at approximately $2,326,235. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.
Several hedge funds have recently modified their holdings of CSRA. Engineers Gate Manager LP purchased a new stake in shares of CSRA during the second quarter worth about $1,063,000. Schroder Investment Management Group boosted its stake in shares of CSRA by 3,682.5% in the second quarter. Schroder Investment Management Group now owns 20,047 shares of the technology company’s stock worth $635,000 after buying an additional 19,517 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CSRA by 206.7% in the second quarter. JPMorgan Chase & Co. now owns 334,385 shares of the technology company’s stock worth $10,617,000 after buying an additional 225,346 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of CSRA by 28.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 63,231 shares of the technology company’s stock worth $2,008,000 after buying an additional 14,076 shares during the last quarter. Finally, Cipher Capital LP purchased a new stake in shares of CSRA during the second quarter worth about $246,000. Institutional investors and hedge funds own 93.77% of the company’s stock.
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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