Zacks: Brokerages Anticipate CA Inc. (NASDAQ:CA) Will Post Earnings of $0.52 Per Share
Analysts expect CA Inc. (NASDAQ:CA) to announce earnings of $0.52 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for CA’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.58. CA posted earnings of $0.59 per share in the same quarter last year, which would suggest a negative year over year growth rate of 11.9%. The firm is expected to report its next earnings report on Wednesday, July 26th.
On average, analysts expect that CA will report full-year earnings of $2.18 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.19. For the next financial year, analysts expect that the firm will post earnings of $2.29 per share, with EPS estimates ranging from $2.23 to $2.36. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow 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, beating the consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. During the same period last year, the firm posted $0.60 EPS. The business’s revenue was up .3% compared to the same quarter last year.
A number of brokerages have commented on CA. Piper Jaffray Companies upped their price target on CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Raymond James Financial, Inc. upgraded CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Monday, May 8th. Jefferies Group LLC restated a “buy” rating and issued a $38.00 price target on shares of CA in a research report on Thursday, June 1st. Citigroup Inc. restated a “neutral” rating and issued a $34.00 price target (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Finally, Zacks Investment Research cut CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. CA currently has an average rating of “Hold” and a consensus price target of $34.88.
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Shares of CA (NASDAQ:CA) traded up 0.94% during midday trading on Wednesday, hitting $34.48. The stock had a trading volume of 3,102,862 shares. The stock’s 50-day moving average is $32.41 and its 200-day moving average is $32.25. The stock has a market cap of $14.41 billion, a PE ratio of 18.64 and a beta of 0.87. CA has a 12 month low of $30.01 and a 12 month high of $36.54.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.96%. The ex-dividend date was Tuesday, May 23rd. CA’s dividend payout ratio is presently 55.14%.
In other CA news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the completion of the transaction, 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 accessible through this link. Company insiders own 0.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in CA by 0.5% in the fourth quarter. FMR LLC now owns 119,299 shares of the technology company’s stock valued at $3,790,000 after buying an additional 621 shares in the last quarter. Keybank National Association OH bought a new stake in CA during the fourth quarter valued at about $249,000. United Capital Financial Advisers LLC raised its stake in CA by 9.8% in the fourth quarter. United Capital Financial Advisers LLC now owns 16,860 shares of the technology company’s stock valued at $536,000 after buying an additional 1,508 shares during the last quarter. Norges Bank bought a new stake in CA during the fourth quarter valued at about $105,650,000. Finally, Vident Investment Advisory LLC raised its stake in CA by 0.9% in the fourth quarter. Vident Investment Advisory LLC now owns 70,828 shares of the technology company’s stock valued at $2,250,000 after buying an additional 662 shares during the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.
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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