$996.02 Million in Sales Expected for CA, Inc. (CA) This Quarter
Wall Street analysts expect CA, Inc. (NASDAQ:CA) to report $996.02 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for CA’s earnings, with the lowest sales estimate coming in at $983.00 million and the highest estimate coming in at $1.01 billion. CA posted sales of $999.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.3%. The business is scheduled to report its next quarterly earnings report on Wednesday, July 26th.
According to Zacks, analysts expect that CA will report full year sales of $996.02 million for the current fiscal year, with estimates ranging from $4.13 billion to $4.15 billion. For the next financial year, analysts anticipate that the business will report sales of $4.23 billion per share, with estimates ranging from $4.19 billion to $4.27 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover CA.
CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. CA had a return on equity of 17.98% and a net margin of 19.64%. CA’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS.
CA has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Evercore ISI downgraded shares of CA from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. FIG Partners upgraded shares of CA to an “outperform” rating and increased their price objective for the company from $40.00 to $42.25 in a research report on Wednesday, May 3rd. Jefferies Group LLC restated a “buy” rating and set a $38.00 price objective on shares of CA in a research report on Friday, April 28th. Finally, DA Davidson downgraded shares of CA from a “buy” rating to a “neutral” rating in a research report on Monday, April 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. CA currently has a consensus rating of “Hold” and a consensus target price of $35.25.
CA (NASDAQ CA) opened at 31.71 on Friday. CA has a 12 month low of $30.01 and a 12 month high of $34.99. The company has a market capitalization of $13.25 billion, a price-to-earnings ratio of 17.14 and a beta of 0.92. The company’s 50-day moving average price is $32.08 and its 200 day moving average price is $32.07.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th will be paid a $0.255 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.22%. CA’s payout ratio is currently 53.97%.
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Several institutional investors have recently modified their holdings of CA. Parallel Advisors LLC acquired a new position in shares of CA during the fourth quarter worth approximately $100,000. Acrospire Investment Management LLC boosted its position in shares of CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock worth $121,000 after buying an additional 2,800 shares during the last quarter. Tompkins Financial Corp boosted its position in shares of CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock worth $165,000 after buying an additional 4,022 shares during the last quarter. Hefty Wealth Partners boosted its position in shares of CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock worth $167,000 after buying an additional 5,182 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock worth $179,000 after buying an additional 492 shares during the last quarter. 68.63% of the stock is owned by institutional investors and hedge funds.
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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