CA (CA) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
CA (NYSE:CA) posted its quarterly earnings results on Thursday. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.03, AnalystRatings.NET reports. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion.
Shares of CA (NYSE:CA) opened at 30.07 on Thursday. CA has a one year low of $26.92 and a one year high of $36.22. The stock has a 50-day moving average of $30.37 and a 200-day moving average of $32.07. The company has a market cap of $13.464 billion and a P/E ratio of 12.92.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 17th. Investors of record on Thursday, May 29th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.33%.
A number of research firms have recently commented on CA. Analysts at Ned Davis Research upgraded shares of CA from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. On the ratings front, analysts at Barclays initiated coverage on shares of CA in a research note on Monday, March 3rd. They set an “equal weight” rating on the stock. Finally, analysts at Cowen and Company downgraded shares of CA from a “market perform” rating to an “underperform” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $28.50.
CA, Inc (NYSE:CA) is an independent enterprise information technology (IT) management software and solutions company.
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