$1.05 Billion in Sales Expected for CA Inc. (CA) This Quarter
Equities analysts forecast that CA Inc. (NASDAQ:CA) will post $1.05 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for CA’s earnings, with the highest sales estimate coming in at $1.06 billion and the lowest estimate coming in at $1.04 billion. CA reported sales of $1.02 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The business is expected to issue its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that CA will report full year sales of $1.05 billion for the current fiscal year, with estimates ranging from $4.20 billion to $4.22 billion. For the next year, analysts anticipate that the business will report sales of $4.29 billion per share, with estimates ranging from $4.24 billion to $4.34 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 quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year.
A number of research firms recently weighed in on CA. Credit Suisse Group restated a “neutral” rating and issued a $34.00 price objective on shares of CA in a report on Tuesday, September 5th. BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Sanford C. Bernstein restated an “underperform” rating and issued a $28.00 price objective on shares of CA in a report on Wednesday, June 28th. Finally, Mizuho restated a “hold” rating and issued a $34.00 price objective on shares of CA in a report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.88.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Tuesday, August 22nd. CA’s dividend payout ratio is currently 56.67%.
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In other news, EVP Jacob Lamm sold 16,349 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $33.45, for a total transaction of $546,874.05. Following the transaction, the executive vice president now directly owns 45,483 shares in the company, valued at $1,521,406.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael P. Gregoire sold 71,235 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $33.38, for a total transaction of $2,377,824.30. Following the transaction, the insider now owns 285,652 shares in the company, valued at $9,535,063.76. The disclosure for this sale can be found here. Insiders have sold 286,056 shares of company stock valued at $9,330,507 in the last ninety days. Insiders own 0.90% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of CA. Fort Pitt Capital Group LLC raised its position in shares of CA by 0.6% in the 1st quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock valued at $31,155,000 after purchasing an additional 6,328 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of CA by 11.1% in 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. Teachers Advisors LLC grew its stake in shares of CA by 2.4% in the second quarter. Teachers Advisors LLC now owns 1,326,972 shares of the technology company’s stock worth $45,741,000 after purchasing an additional 31,368 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of CA by 0.5% in 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. Finally, TLP Group LLC bought a new position in shares of CA in the first quarter worth $381,000. Institutional investors own 67.51% 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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