Report
Andrew Lange
EUR 101.80 For Business Accounts Only

CSRA Reports Good Bookings; Meets Expectation for Highly Active 2Q; Shares Fairly Valued

CSRA reported a solid second-quarter result with the firm booking $4.2 billion of work, which represents a book/bill ratio of 3.3 times for the quarter. We had expected an active fiscal second quarter as management had highlighted the potential number of deals on the horizon during their fiscal first quarter. Of note, it was good to see CSRA secure a contract with the Department of Defense (through CSRA’s partnership in Eagle Alliance) considering the potential ceiling of the deal ($2.4 billion)...
Underlying
CSRA INC

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lange

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