Perspecta (NASDAQ:PRSP) Issues FY20 Earnings Guidance

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Perspecta (NASDAQ:PRSP) updated its FY20 earnings guidance on Wednesday. The company provided EPS guidance of $2.08-$2.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.11. The company issued revenue guidance of $4.4-$4.5 billion, compared to the consensus revenue estimate of $4.40 billion.Perspecta also updated its FY 2020 guidance to $2.08-2.18 EPS.

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

Shares of Perspecta stock opened at $24.32 on Friday. The company has a 50-day simple moving average of $23.31 and a 200 day simple moving average of $22.14. Perspecta has a 12-month low of $15.74 and a 12-month high of $26.64.

Perspecta (NASDAQ:PRSP) last announced its earnings results on Wednesday, August 14th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.08 billion. The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS.

In other news, Director Philip O. Nolan bought 4,705 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of $21.49 per share, for a total transaction of $101,110.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Philip O. Nolan bought 4,257 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $23.37 per share, with a total value of $99,486.09. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,328 shares of company stock valued at $300,927 in the last quarter.

About Perspecta

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