Equities research analysts expect that CA, Inc. (NASDAQ:CA) will announce earnings per share of $0.70 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for CA’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.68. CA posted earnings per share of $0.62 in the same quarter last year, which indicates a positive year over year growth rate of 12.9%. The business is scheduled to issue its next earnings results on Wednesday, October 24th.
On average, 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 financial year, analysts forecast that the company will report earnings of $2.92 per share, with EPS estimates ranging from $2.87 to $2.96. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow CA.
CA (NASDAQ:CA) last announced its quarterly earnings results on Monday, August 6th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.14). CA had a net margin of 11.19% and a return on equity of 15.11%. The company had revenue of $938.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business earned $0.61 EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis.
CA has been the topic of several analyst reports. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Wells Fargo & Co upgraded CA from an “underperform” rating to a “market perform” rating and increased their price target for the company from $30.00 to $45.00 in a report on Thursday, July 12th. BidaskClub downgraded CA from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. Sanford C. Bernstein upgraded CA from an “underperform” rating to a “market perform” rating and set a $19.00 price target on the stock in a report on Thursday, July 12th. Finally, Evercore ISI upgraded CA from an “underperform” rating to an “in-line” rating and set a $44.50 price target on the stock in a report on Thursday, July 12th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $38.07.
CA stock traded down $0.01 during midday trading on Tuesday, hitting $44.06. 1,512,600 shares of the company traded hands, compared to its average volume of 3,634,174. CA has a twelve month low of $31.45 and a twelve month high of $44.25. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.32. The company has a market cap of $18.44 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.81 and a beta of 0.84.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 11th. Stockholders of record on Thursday, August 23rd were paid a $0.255 dividend. The ex-dividend date of this dividend was Wednesday, August 22nd. This represents a $1.02 annualized dividend and a dividend yield of 2.32%. CA’s payout ratio is 43.97%.
In other news, insider Ayman Sayed sold 13,858 shares of the firm’s stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $43.89, for a total value of $608,227.62. Following the sale, the insider now owns 118,947 shares in the company, valued at $5,220,583.83. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 81,531 shares of company stock worth $3,543,039. 0.87% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. BDO Wealth Advisors LLC bought a new position in CA in the second quarter worth $100,000. First Mercantile Trust Co. bought a new position in CA in the second quarter worth $113,000. Captrust Financial Advisors lifted its position in CA by 53.5% in the second quarter. Captrust Financial Advisors now owns 4,458 shares of the technology company’s stock worth $159,000 after purchasing an additional 1,553 shares during the period. Intact Investment Management Inc. bought a new position in CA in the second quarter worth $214,000. Finally, Hikari Power Ltd lifted its position in CA by 22.2% in the second quarter. Hikari Power Ltd now owns 7,490 shares of the technology company’s stock worth $267,000 after purchasing an additional 1,360 shares during the period. Institutional investors and hedge funds own 69.84% of the company’s stock.
CA Company Profile
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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