CA Inc. (CA) Set to Announce Quarterly Earnings on Wednesday
CA Inc. (NASDAQ:CA) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. CA has set its FY18 guidance at $2.42-$2.48 EPS.
CA (NASDAQ:CA) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. On average, analysts expect CA to post $2.25 EPS for the current fiscal year and $2.33 EPS for the next fiscal year.
CA Inc. (NASDAQ:CA) opened at 33.59 on Wednesday. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The company has a market capitalization of $14.15 billion, a P/E ratio of 18.66 and a beta of 0.83. The stock’s 50 day moving average price is $33.25 and its 200-day moving average price is $32.77.
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Several research analysts recently weighed in on the company. Credit Suisse Group restated a “neutral” rating and set a $34.00 target price on shares of CA in a research note on Tuesday, September 5th. BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Sanford C. Bernstein restated an “underperform” rating and set a $28.00 target price on shares of CA in a research note on Wednesday, June 28th. Finally, Mizuho restated a “hold” rating and set a $34.00 target price on shares of CA in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.88.
In other news, EVP Jacob Lamm sold 16,349 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $33.45, for a total value of $546,874.05. Following the completion of the transaction, the executive vice president now owns 45,483 shares of the company’s stock, valued at approximately $1,521,406.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael P. Gregoire sold 71,235 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.38, for a total value of $2,377,824.30. Following the completion of the transaction, the insider now directly owns 285,652 shares of the company’s stock, valued at approximately $9,535,063.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 286,056 shares of company stock worth $9,330,507. Company insiders own 0.90% of the company’s stock.
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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