Perspecta Inc (PRSP) Expected to Post Quarterly Sales of $1.07 Billion

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Analysts expect that Perspecta Inc (NASDAQ:PRSP) will report sales of $1.07 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Perspecta’s earnings. The business is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Perspecta will report full-year sales of $4.25 billion for the current year, with estimates ranging from $4.25 billion to $4.26 billion. For the next financial year, analysts forecast that the company will post sales of $4.38 billion, with estimates ranging from $4.34 billion to $4.43 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Perspecta.

Perspecta (NASDAQ:PRSP) last issued its quarterly earnings results on Wednesday, November 14th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Perspecta’s quarterly revenue was up 51.3% on a year-over-year basis.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Co raised shares of Perspecta from a “market perform” rating to an “outperform” rating in a report on Friday, September 14th. Stifel Nicolaus assumed coverage on shares of Perspecta in a report on Tuesday, October 16th. They issued a “buy” rating and a $35.00 price target on the stock. Zacks Investment Research raised shares of Perspecta from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, August 22nd. Finally, Cowen reissued a “buy” rating and issued a $30.00 price target on shares of Perspecta in a report on Thursday, November 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Perspecta currently has an average rating of “Buy” and an average price target of $27.60.

Several large investors have recently modified their holdings of PRSP. Marshall Wace LLP bought a new stake in Perspecta in the 3rd quarter valued at about $6,842,000. Vanguard Group Inc. raised its stake in Perspecta by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,060,550 shares of the company’s stock valued at $335,918,000 after acquiring an additional 205,294 shares during the period. Standard Life Aberdeen plc bought a new stake in Perspecta in the 3rd quarter valued at about $1,508,000. TIAA CREF Investment Management LLC raised its stake in Perspecta by 8.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,003,782 shares of the company’s stock valued at $25,817,000 after acquiring an additional 82,170 shares during the period. Finally, Teachers Advisors LLC raised its stake in Perspecta by 21.1% in the 3rd quarter. Teachers Advisors LLC now owns 522,131 shares of the company’s stock valued at $13,429,000 after acquiring an additional 90,991 shares during the period.

Shares of NASDAQ:PRSP traded up $0.15 during midday trading on Wednesday, reaching $20.26. The company had a trading volume of 669,729 shares, compared to its average volume of 2,089,738. Perspecta has a 52-week low of $19.60 and a 52-week high of $27.68.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 5th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, December 4th.

Perspecta Company Profile

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