Wall Street brokerages predict that CA Inc. (NASDAQ:CA) will post sales of $1.08 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for CA’s earnings, with the highest sales estimate coming in at $1.09 billion and the lowest estimate coming in at $1.06 billion. CA posted sales of $1.01 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The business is scheduled to announce its next quarterly earnings report on Tuesday, January 23rd.
According to Zacks, analysts expect that CA will report full-year sales of $1.08 billion for the current year, with estimates ranging from $4.22 billion to $4.24 billion. For the next year, analysts expect that the firm will report sales of $4.34 billion per share, with estimates ranging from $4.28 billion to $4.42 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover CA.
CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.62. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. CA had a return on equity of 15.74% and a net margin of 17.83%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS.
Several brokerages have issued reports on CA. Mizuho reaffirmed a “hold” rating and set a $34.00 price target on shares of CA in a report on Friday, July 28th. Acadian Timber Corp downgraded CA from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $19.25 to $18.50 in a report on Monday, July 31st. BidaskClub downgraded CA from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Barclays PLC reaffirmed an “equal weight” rating and set a $36.00 price target (up previously from $35.00) on shares of CA in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $32.00 price objective on shares of CA in a research report on Monday, August 21st. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $33.67.
In related news, EVP Jacob Lamm sold 16,349 shares of CA stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $33.45, for a total value of $546,874.05. Following the transaction, the executive vice president now directly owns 45,483 shares of the company’s stock, valued at $1,521,406.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lauren Patricia Flaherty sold 24,843 shares of CA stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $32.59, for a total value of $809,633.37. Following the completion of the transaction, the executive vice president now directly owns 82,000 shares in the company, valued at $2,672,380. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,427 shares of company stock worth $3,734,332. Company insiders own 0.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of CA by 26.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after acquiring an additional 654 shares during the period. Bessemer Group Inc. lifted its stake in shares of CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after acquiring an additional 3,126 shares during the period. D.A. Davidson & CO. lifted its stake in shares of CA by 4.2% in the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after acquiring an additional 169 shares during the period. CENTRAL TRUST Co lifted its stake in shares of CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after acquiring an additional 319 shares during the period. Finally, AT Bancorp acquired a new position in shares of CA in the second quarter worth approximately $165,000. 68.53% of the stock is currently owned by institutional investors.
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Shares of CA (NASDAQ:CA) opened at $32.31 on Wednesday. The company has a market capitalization of $13,527.32, a P/E ratio of 14.83, a PEG ratio of 4.31 and a beta of 0.74. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. CA has a twelve month low of $30.01 and a twelve month high of $36.54.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Thursday, November 30th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Wednesday, November 29th. CA’s dividend payout ratio is presently 58.62%.
CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.
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