Perspecta (NASDAQ:PRSP) Releases FY20 Earnings Guidance

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Perspecta (NASDAQ:PRSP) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.08-2.18 for the period, compared to the Thomson Reuters consensus estimate of $2.09. The company issued revenue guidance of $4.425-4.50 (Prior $4.4-4.5 billion), compared to the consensus revenue estimate of $4.47 billion.

Several research analysts have issued reports on the company. Morgan Stanley raised their target price on Perspecta from $21.00 to $22.00 and gave the stock an underweight rating in a research report on Monday, September 23rd. Zacks Investment Research cut Perspecta from a buy rating to a hold rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of Hold and a consensus target price of $23.60.

Shares of PRSP stock traded down $0.17 during trading hours on Friday, reaching $27.74. 10,331 shares of the company traded hands, compared to its average volume of 787,466. Perspecta has a 12-month low of $15.74 and a 12-month high of $29.88. The firm has a 50-day moving average price of $26.23 and a 200 day moving average price of $24.32.

Perspecta (NASDAQ:PRSP) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis.

Perspecta Company Profile

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