CSRA Inc (NYSE:CSRA) announced a quarterly dividend on Thursday, December 21st, Wall Street Journal reports. Shareholders of record on Thursday, January 4th will be paid a dividend of 0.10 per share by the technology company on Thursday, January 25th. This represents a $0.40 annualized dividend and a yield of 1.25%. The ex-dividend date is Wednesday, January 3rd.
CSRA has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect CSRA to earn $2.19 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 18.3%.
Shares of CSRA (NYSE:CSRA) traded down $0.03 on Friday, reaching $32.08. The company’s stock had a trading volume of 976,519 shares, compared to its average volume of 900,814. The company has a debt-to-equity ratio of 5.68, a quick ratio of 1.05 and a current ratio of 1.05. CSRA has a one year low of $27.38 and a one year high of $33.67. The firm has a market capitalization of $5,258.98, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.71 and a beta of 1.70.
CSRA (NYSE:CSRA) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSRA had a net margin of 6.35% and a return on equity of 79.44%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.56 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. analysts anticipate that CSRA will post 1.97 earnings per share for the current fiscal year.
Several analysts have commented on CSRA shares. Zacks Investment Research raised CSRA from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Royal Bank of Canada set a $37.00 price target on CSRA and gave the stock a “buy” rating in a research note on Thursday, November 16th. Cowen reaffirmed a “hold” rating and issued a $35.00 price target on shares of CSRA in a research note on Wednesday, October 18th. TheStreet raised CSRA from a “c” rating to a “b-” rating in a research note on Monday, December 4th. Finally, BidaskClub raised CSRA from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. CSRA currently has a consensus rating of “Hold” and an average price target of $36.30.
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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