Perspecta Inc (NASDAQ:PRSP) Declares $0.06 Quarterly Dividend

Perspecta Inc (NASDAQ:PRSP) announced a quarterly dividend on Friday, February 14th, Wall Street Journal reports. Shareholders of record on Tuesday, March 3rd will be given a dividend of 0.06 per share on Wednesday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, March 2nd.

Perspecta has a payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings.

NASDAQ PRSP traded down $0.45 on Friday, hitting $24.68. The company’s stock had a trading volume of 1,617,556 shares, compared to its average volume of 1,264,357. Perspecta has a 52-week low of $20.03 and a 52-week high of $29.88. The company’s 50-day simple moving average is $26.92 and its 200 day simple moving average is $26.12.

Perspecta (NASDAQ:PRSP) last announced its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted $0.47 EPS. The firm’s revenue was up 4.7% on a year-over-year basis.

PRSP has been the subject of a number of analyst reports. Zacks Investment Research raised Perspecta from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 16th. BidaskClub lowered Perspecta from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Wells Fargo & Co lowered Perspecta from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $31.00 to $26.00 in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.00.

About Perspecta

There is no company description available for Perspecta Inc

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Dividend History for Perspecta (NASDAQ:PRSP)

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