CSRA Inc (NYSE:CSRA) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $36.89.
A number of research analysts recently issued reports on CSRA shares. TheStreet upgraded CSRA from a “c” rating to a “b-” rating in a research report on Monday, December 4th. ValuEngine upgraded CSRA from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Stifel Nicolaus reiterated a “buy” rating and set a $39.00 price target on shares of CSRA in a research report on Tuesday, November 21st. Royal Bank of Canada set a $37.00 price target on CSRA and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Cowen reiterated a “hold” rating and set a $35.00 price target on shares of CSRA in a research report on Wednesday.
A number of hedge funds have recently made changes to their positions in the business. Iridian Asset Management LLC CT acquired a new position in CSRA during the 4th quarter worth $59,049,000. Wedge Capital Management L L P NC raised its stake in shares of CSRA by 2.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 1,513,118 shares of the technology company’s stock worth $45,272,000 after buying an additional 40,157 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of CSRA by 14.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,325,583 shares of the technology company’s stock worth $39,661,000 after buying an additional 164,850 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of CSRA by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,308,700 shares of the technology company’s stock worth $42,231,000 after buying an additional 40,222 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of CSRA by 20.7% in the 4th quarter. Jennison Associates LLC now owns 1,145,856 shares of the technology company’s stock worth $34,284,000 after buying an additional 196,304 shares in the last quarter. Institutional investors own 94.68% of the company’s stock.
CSRA (NYSE:CSRA) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.08. CSRA had a return on equity of 79.44% and a net margin of 6.35%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. sell-side analysts forecast that CSRA will post 1.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. CSRA’s dividend payout ratio (DPR) is presently 20.83%.
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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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