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.
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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