CA Inc. (NASDAQ:CA) to Release Quarterly Earnings on Wednesday
CA Inc. (NASDAQ:CA) will be issuing its quarterly earnings data after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.55 per share for the quarter. CA has set its FY18 guidance at $2.35-2.40 EPS.
CA (NASDAQ:CA) last announced its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. During the same period in the prior year, the firm posted $0.60 EPS. CA’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts expect CA to post $2.19 EPS for the current fiscal year and $2.28 EPS for the next fiscal year.
Shares of CA Inc. (CA) opened at 35.03 on Wednesday. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The stock has a market capitalization of $14.64 billion, a P/E ratio of 18.94 and a beta of 0.87. The company’s 50-day moving average is $33.64 and its 200 day moving average is $32.49.
In other CA news, insider Ayman Sayed sold 30,194 shares of the company’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 value of $1,075,510.28. Following the sale, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.
Several research firms have recently issued reports on CA. Citigroup Inc. restated a “neutral” rating and set a $34.00 price objective (up previously from $33.00) on shares of CA in a report on Sunday, May 14th. Zacks Investment Research downgraded shares of CA from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. DA Davidson restated a “neutral” rating and set a $12.00 price objective on shares of CA in a report on Friday, May 19th. BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.10.
CA Company Profile
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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