Equities research analysts expect that CA, Inc. (NASDAQ:CA) will report earnings per share of $0.71 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for CA’s earnings, with the lowest EPS estimate coming in at $0.68 and the highest estimate coming in at $0.72. CA reported earnings of $0.62 per share in the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that CA will report full year earnings of $2.80 per share for the current financial year, with EPS estimates ranging from $2.78 to $2.83. For the next financial year, analysts expect that the company will post earnings of $2.91 per share, with EPS estimates ranging from $2.87 to $2.96. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover CA.
CA (NASDAQ:CA) last released its earnings results on Monday, August 6th. The technology company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.14). CA had a return on equity of 15.11% and a net margin of 11.19%. The firm had revenue of $938.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was down 8.5% on a year-over-year basis.
Several brokerages have commented on CA. Royal Bank of Canada reiterated a “hold” rating and issued a $44.50 price target on shares of CA in a research note on Friday, July 13th. ValuEngine raised CA from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. TheStreet downgraded CA from an “a-” rating to a “c” rating in a report on Wednesday, July 11th. Jefferies Financial Group downgraded CA from a “buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a report on Tuesday, July 17th. Finally, Argus downgraded CA from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. CA presently has a consensus rating of “Hold” and an average target price of $38.07.
In other news, insider Ayman Sayed sold 83,703 shares of CA stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $34.87, for a total value of $2,918,723.61. Following the transaction, the insider now directly owns 114,404 shares of the company’s stock, valued at approximately $3,989,267.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul L. Pronsati sold 7,196 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $35.28, for a total value of $253,874.88. Following the transaction, the executive vice president now directly owns 34,528 shares in the company, valued at $1,218,147.84. The disclosure for this sale can be found here. Insiders sold a total of 192,720 shares of company stock valued at $6,947,746 in the last 90 days. 0.87% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. acquired a new position in shares of CA in the 2nd quarter valued at approximately $113,000. Intact Investment Management Inc. bought a new stake in shares of CA in the 2nd quarter valued at approximately $214,000. Zeke Capital Advisors LLC bought a new stake in shares of CA in the 1st quarter valued at approximately $237,000. Hikari Power Ltd increased its holdings in shares of CA by 22.2% in the 2nd quarter. Hikari Power Ltd now owns 7,490 shares of the technology company’s stock valued at $267,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of CA in the 2nd quarter valued at approximately $361,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.
CA stock traded up $0.02 during mid-day trading on Friday, hitting $43.38. The company had a trading volume of 4,837,114 shares, compared to its average volume of 7,449,618. The firm has a market capitalization of $18.13 billion, a P/E ratio of 19.02, a P/E/G ratio of 5.06 and a beta of 0.84. CA has a 1 year low of $31.45 and a 1 year high of $44.25. The company has a quick ratio of 1.33, a current ratio of 2.21 and a debt-to-equity ratio of 0.32.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 11th. Shareholders of record on Thursday, August 23rd will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Wednesday, August 22nd. CA’s dividend payout ratio (DPR) is 43.97%.
CA, Inc, together with its subsidiaries, develops, markets, delivers, and licenses software products and services in the United States and internationally. It operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment offers solutions for the IBM z Systems platform, which runs various mission critical business applications.
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