Analysts forecast that CA Inc. (NASDAQ:CA) will report sales of $998.42 million for the current quarter, according to Zacks. Five analysts have provided estimates for CA’s earnings, with estimates ranging from $984.30 million to $1.01 billion. CA posted sales of $999.00 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.1%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that CA will report full-year sales of $998.42 million for the current fiscal year, with estimates ranging from $4.14 billion to $4.15 billion. For the next financial year, analysts expect that the business will report sales of $4.24 billion per share, with estimates ranging from $4.19 billion to $4.31 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for CA.
CA (NASDAQ:CA) last issued its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS.
A number of research firms have weighed in on CA. FIG Partners raised shares of CA to an “outperform” rating and boosted their target price for the stock from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of CA in a research note on Sunday, May 14th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of CA in a research note on Friday, May 12th. Raymond James Financial, Inc. raised shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Monday, May 8th. Finally, DA Davidson cut shares of CA from a “buy” rating to a “neutral” rating in a research note on Monday, April 10th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.88.
Shares of CA (NASDAQ CA) traded down 0.12% during trading on Friday, hitting $34.30. The company had a trading volume of 2,506,486 shares. CA has a 12-month low of $30.01 and a 12-month high of $36.54. The firm has a 50 day moving average of $32.41 and a 200 day moving average of $32.25. The stock has a market cap of $14.33 billion, a PE ratio of 18.54 and a beta of 0.87.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, May 23rd. This represents a $1.02 annualized dividend and a dividend yield of 2.97%. CA’s dividend payout ratio is currently 55.14%.
In related news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value of $1,075,510.28. Following the sale, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fort Pitt Capital Group LLC boosted its stake in shares of CA by 0.6% in the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after buying an additional 6,328 shares during the last quarter. TLP Group LLC purchased a new stake in CA during the first quarter valued at about $381,000. Cambridge Investment Research Advisors Inc. boosted its stake in CA by 24.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,590 shares of the technology company’s stock valued at $2,493,000 after buying an additional 15,365 shares in the last quarter. Victory Capital Management Inc. boosted its stake in CA by 36.4% in the first quarter. Victory Capital Management Inc. now owns 222,795 shares of the technology company’s stock valued at $7,067,000 after buying an additional 59,398 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in CA by 30.8% in the first quarter. Pacer Advisors Inc. now owns 14,114 shares of the technology company’s stock valued at $448,000 after buying an additional 3,324 shares in the last quarter. 70.64% of the stock is owned by hedge funds and other institutional investors.
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CA Company Profile
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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