$0.50 Earnings Per Share Expected for Perspecta Inc (NASDAQ:PRSP) This Quarter

Equities research analysts predict that Perspecta Inc (NASDAQ:PRSP) will announce earnings of $0.50 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Perspecta’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.52. Perspecta posted earnings of $0.54 per share during the same quarter last year, which indicates a negative year over year growth rate of 7.4%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Perspecta will report full-year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.15. For the next year, analysts forecast that the company will report earnings of $2.21 per share, with EPS estimates ranging from $2.13 to $2.30. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Perspecta.

Perspecta (NASDAQ:PRSP) last issued its quarterly earnings results on Thursday, June 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business earned $0.47 earnings per share. The company’s revenue was up 53.0% on a year-over-year basis.

A number of research analysts recently issued reports on the stock. Loop Capital lifted their price target on shares of Perspecta to $22.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Zacks Investment Research raised shares of Perspecta from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday. Goldman Sachs Group assumed coverage on shares of Perspecta in a research report on Thursday, May 9th. They set a “sell” rating and a $21.00 price target for the company. Morgan Stanley set a $21.00 price target on shares of Perspecta and gave the company a “sell” rating in a research report on Monday, June 17th. Finally, Cowen cut shares of Perspecta from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $28.00 to $26.00 in a research report on Monday, June 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $25.17.

In related news, Director Philip O. Nolan purchased 4,705 shares of Perspecta stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average cost of $21.49 per share, for a total transaction of $101,110.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip O. Nolan purchased 4,399 shares of Perspecta stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $22.93 per share, with a total value of $100,869.07. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 13,699 shares of company stock valued at $302,288.

Several hedge funds have recently made changes to their positions in PRSP. Captrust Financial Advisors grew its position in Perspecta by 64.6% during the fourth quarter. Captrust Financial Advisors now owns 1,728 shares of the company’s stock valued at $30,000 after buying an additional 678 shares during the period. Mason Street Advisors LLC lifted its holdings in Perspecta by 0.9% during the first quarter. Mason Street Advisors LLC now owns 74,785 shares of the company’s stock valued at $1,512,000 after purchasing an additional 698 shares in the last quarter. Comerica Bank lifted its holdings in Perspecta by 0.7% during the first quarter. Comerica Bank now owns 109,396 shares of the company’s stock valued at $2,409,000 after purchasing an additional 758 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Perspecta by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,358 shares of the company’s stock valued at $970,000 after purchasing an additional 812 shares in the last quarter. Finally, Quantamental Technologies LLC lifted its holdings in Perspecta by 168.3% during the first quarter. Quantamental Technologies LLC now owns 1,610 shares of the company’s stock valued at $33,000 after purchasing an additional 1,010 shares in the last quarter.

NASDAQ PRSP traded down $0.08 during trading hours on Friday, reaching $22.98. 732 shares of the company’s stock traded hands, compared to its average volume of 818,726. Perspecta has a 52-week low of $15.74 and a 52-week high of $26.64. The business’s 50-day simple moving average is $22.68.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.06 per share. This is a positive change from Perspecta’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, June 4th.

About Perspecta

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