CA Inc. (CA) Expected to Announce Quarterly Sales of $1.05 Billion
Analysts forecast that CA Inc. (NASDAQ:CA) will report sales of $1.05 billion for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for CA’s earnings. The lowest sales estimate is $1.04 billion and the highest is $1.06 billion. CA reported sales of $1.02 billion in the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 26th.
On average, analysts expect that CA will report full-year sales of $1.05 billion for the current financial year, with estimates ranging from $4.21 billion to $4.22 billion. For the next fiscal year, analysts expect that the company will report sales of $4.30 billion per share, with estimates ranging from $4.26 billion to $4.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for CA.
CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $0.64 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis.
CA has been the topic of several recent analyst reports. BidaskClub lowered CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $28.00 target price on shares of CA in a research report on Wednesday, June 28th. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a research report on Tuesday, July 11th. Barclays PLC reaffirmed an “equal weight” rating and set a $36.00 target price (up from $35.00) on shares of CA in a research report on Thursday, August 3rd. Finally, Citigroup Inc. upped their target price on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.88.
In other news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction dated 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 $6,000,367.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the completion of the sale, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders sold 228,666 shares of company stock worth $7,481,319 over the last three months. Corporate insiders own 0.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Fort Pitt Capital Group LLC boosted its position in CA by 0.6% during the first quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock worth $31,155,000 after purchasing an additional 6,328 shares in the last quarter. Bank of New York Mellon Corp boosted its position in CA by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after purchasing an additional 2,691,791 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in CA by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after purchasing an additional 100 shares in the last quarter. TLP Group LLC purchased a new position in CA during the first quarter worth approximately $381,000. Finally, Highland Capital Management LLC purchased a new position in CA during the second quarter worth approximately $202,000. Hedge funds and other institutional investors own 67.51% of the company’s stock.
CA (CA) opened at 33.02 on Wednesday. The company has a market capitalization of $13.91 billion, a P/E ratio of 18.34 and a beta of 0.82. CA has a one year low of $30.01 and a one year high of $36.54. The stock’s 50 day moving average price is $32.71 and its 200 day moving average price is $32.56.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio is presently 56.67%.
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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