Zacks: Brokerages Expect CA, Inc. (CA) to Post $0.70 Earnings Per Share

Brokerages expect that CA, Inc. (NASDAQ:CA) will post $0.70 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four 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 during the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The firm is scheduled to issue 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 fiscal year, with EPS estimates ranging from $2.79 to $2.83. For the next fiscal year, analysts forecast that the business will post earnings of $2.92 per share, with EPS estimates ranging from $2.87 to $2.96. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for CA.

CA (NASDAQ:CA) last issued its earnings results on Monday, August 6th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). CA had a return on equity of 15.11% and a net margin of 11.19%. The company had revenue of $938.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the business earned $0.61 earnings per share. The firm’s revenue was down 8.5% compared to the same quarter last year.

A number of research firms have recently weighed in on CA. Royal Bank of Canada reiterated a “hold” rating and set a $44.50 price target on shares of CA in a report on Friday, July 13th. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. TheStreet cut CA from an “a-” rating to a “c” rating in a report on Wednesday, July 11th. Jefferies Financial Group cut CA from a “buy” rating to a “hold” rating and set a $38.00 price target for the company. in a report on Tuesday, July 17th. Finally, Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. CA presently has an average rating of “Hold” and an average target price of $38.07.

Shares of CA traded up $0.17 during midday trading on Friday, reaching $43.98. The company had a trading volume of 551,161 shares, compared to its average volume of 3,766,427. CA has a 1-year low of $31.45 and a 1-year high of $44.25. The company has a market capitalization of $18.46 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 3.82 and a beta of 0.84. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.32.

In related news, insider Ayman Sayed sold 14,418 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $43.56, for a total transaction of $628,048.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 67,673 shares of company stock valued at $2,934,811. Company insiders own 0.87% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Hexavest Inc. raised its position in CA by 219.4% in the 3rd quarter. Hexavest Inc. now owns 2,989,999 shares of the technology company’s stock valued at $132,008,000 after purchasing an additional 2,053,910 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in CA by 773.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,146,707 shares of the technology company’s stock valued at $40,880,000 after purchasing an additional 1,015,436 shares in the last quarter. Bank of Montreal Can raised its position in CA by 214.8% in the 3rd quarter. Bank of Montreal Can now owns 1,266,014 shares of the technology company’s stock valued at $55,893,000 after purchasing an additional 863,905 shares in the last quarter. Glenmede Trust Co. NA raised its position in CA by 1,328.6% in the 2nd quarter. Glenmede Trust Co. NA now owns 709,097 shares of the technology company’s stock valued at $25,279,000 after purchasing an additional 659,460 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in CA by 134.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 906,999 shares of the technology company’s stock valued at $32,335,000 after purchasing an additional 520,913 shares in the last quarter. Institutional investors own 69.87% of the company’s stock.

About CA

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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Earnings History and Estimates for CA (NASDAQ:CA)

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