Zacks: Brokerages Expect Perspecta Inc. (NYSE:PRSP) Will Announce Earnings of $0.52 Per Share

Equities research analysts expect Perspecta Inc. (NYSE:PRSP) to announce $0.52 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Perspecta’s earnings, with estimates ranging from $0.48 to $0.55. Perspecta posted earnings per share of $0.55 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.5%. The company is expected to report its next quarterly earnings results on Thursday, May 20th.

According to Zacks, analysts expect that Perspecta will report full year earnings of $2.07 per share for the current financial year, with EPS estimates ranging from $2.03 to $2.11. For the next financial year, analysts forecast that the business will report earnings of $1.87 per share, with EPS estimates ranging from $1.86 to $1.88. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Perspecta.

Perspecta (NYSE:PRSP) last announced its quarterly earnings results on Friday, February 5th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. Perspecta had a negative net margin of 16.16% and a positive return on equity of 23.57%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion.

PRSP has been the topic of a number of research reports. Zacks Investment Research lowered shares of Perspecta from a “hold” rating to a “sell” rating in a research note on Saturday, April 3rd. Morgan Stanley increased their target price on shares of Perspecta from $25.00 to $29.35 and gave the stock an “equal weight” rating in a research report on Thursday, January 28th. Finally, Stifel Nicolaus lowered shares of Perspecta from a “buy” rating to a “hold” rating in a research report on Monday, February 8th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Perspecta currently has an average rating of “Hold” and an average target price of $27.84.

Shares of PRSP opened at $29.16 on Thursday. Perspecta has a 52 week low of $17.36 and a 52 week high of $29.62. The firm has a market cap of $4.70 billion, a P/E ratio of -6.51 and a beta of 1.46. The firm’s 50-day simple moving average is $29.04 and its 200 day simple moving average is $25.60. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.83 and a current ratio of 0.83.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Wednesday, March 3rd will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, March 2nd. This represents a $0.28 annualized dividend and a dividend yield of 0.96%. Perspecta’s dividend payout ratio is 13.66%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP boosted its position in shares of Perspecta by 108.7% during the 4th quarter. Susquehanna International Group LLP now owns 71,077 shares of the company’s stock worth $1,712,000 after acquiring an additional 37,028 shares in the last quarter. Norges Bank acquired a new stake in shares of Perspecta during the 4th quarter worth approximately $42,195,000. UBS Asset Management Americas Inc. boosted its position in shares of Perspecta by 4.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 148,329 shares of the company’s stock worth $3,572,000 after acquiring an additional 5,749 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Perspecta during the 4th quarter worth approximately $1,156,000. Finally, Clear Street Markets LLC acquired a new stake in shares of Perspecta during the 4th quarter worth approximately $501,000. Institutional investors and hedge funds own 76.21% of the company’s stock.

About Perspecta

Perspecta Inc provides enterprise information technology (IT) services to government customers in the United States federal, state, and local markets. The company develops, modernizes, transforms, and manages customers' enterprise application portfolios enabling a shift of IT spend from maintenance and operations to innovation; and offers analytics and data services, as well as research, engineering, consulting, and technology solutions for government, including cybersecurity, cloud, quantum computing, network configuration, and data analytics capabilities.

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