$998.42 Million in Sales Expected for CA Inc. (NASDAQ:CA) This Quarter
Wall Street analysts expect that CA Inc. (NASDAQ:CA) will announce $998.42 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for CA’s earnings. The highest sales estimate is $1.01 billion and the lowest is $984.30 million. CA reported sales of $999.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.1%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that CA will report full year sales of $998.42 million for the current financial year, with estimates ranging from $4.14 billion to $4.15 billion. For the next financial year, analysts expect that the company will report sales of $4.24 billion per share, with estimates ranging from $4.19 billion to $4.31 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow CA.
CA (NASDAQ:CA) last issued its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share.
Several analysts recently issued reports on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of CA in a research note on Thursday, June 1st. Citigroup Inc. upped their price objective on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, June 28th. BidaskClub cut shares of CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. DA Davidson reaffirmed a “neutral” rating and set a $12.00 price objective on shares of CA in a research note on Friday, May 19th. Finally, FIG Partners raised shares of CA to an “outperform” rating and upped their price objective for the company from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. CA presently has an average rating of “Hold” and an average target price of $34.88.
In other news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value of $1,075,510.28. Following the completion of the sale, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Fort Pitt Capital Group LLC boosted its position in CA by 0.6% in the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after buying an additional 6,328 shares during the last quarter. TLP Group LLC bought a new position in CA during the first quarter worth $381,000. Cambridge Investment Research Advisors Inc. boosted its position in CA by 24.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,590 shares of the technology company’s stock worth $2,493,000 after buying an additional 15,365 shares during the last quarter. Victory Capital Management Inc. boosted its position in CA by 36.4% in the first quarter. Victory Capital Management Inc. now owns 222,795 shares of the technology company’s stock worth $7,067,000 after buying an additional 59,398 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in CA by 30.8% in the first quarter. Pacer Advisors Inc. now owns 14,114 shares of the technology company’s stock worth $448,000 after buying an additional 3,324 shares during the last quarter. 70.64% of the stock is owned by hedge funds and other institutional investors.
Shares of CA (CA) traded up 1.03% on Friday, hitting $34.25. The stock had a trading volume of 708,025 shares. The firm has a market cap of $14.31 billion, a P/E ratio of 18.51 and a beta of 0.87. CA has a 12 month low of $30.01 and a 12 month high of $36.54. The firm’s 50-day moving average price is $32.41 and its 200 day moving average price is $32.25.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th were paid a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 annualized dividend and a dividend yield of 3.01%. CA’s dividend payout ratio (DPR) is 55.14%.
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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