CA (CA) Releases Quarterly Earnings, Beats Expectations By $0.05 EPS
CA (NYSE:CA) issued its quarterly earnings data on Wednesday. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.05, AmericanBankingNews.com reports. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.78 earnings per share. CA’s revenue was down 49.0% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets initiated coverage on shares of CA in a research note on Wednesday, July 16th. They set a “market perform” rating and a $31.00 price target on the stock. On a related note, analysts at Standpoint Research initiated coverage on shares of CA in a research note on Monday, June 30th. They set a “buy” rating and a $36.00 price target on the stock. Finally, analysts at Zacks downgraded shares of CA from an “outperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $30.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $28.89.
Shares of CA (NYSE:CA) traded down 0.14% on Wednesday, hitting $28.36. 2,340,947 shares of the company’s stock traded hands. CA has a one year low of $27.84 and a one year high of $36.22. The stock’s 50-day moving average is $28.68 and its 200-day moving average is $30.77. The company has a market cap of $12.562 billion and a price-to-earnings ratio of 14.04.
CA, Inc (NYSE:CA) is an independent enterprise information technology (IT) management software and solutions company.
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