CA Inc. (CA) Expected to Announce Quarterly Sales of $1.08 Billion
Analysts forecast that CA Inc. (NASDAQ:CA) will announce $1.08 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for CA’s earnings, with the lowest sales estimate coming in at $1.06 billion and the highest estimate coming in at $1.09 billion. CA reported sales of $1.01 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The firm is expected to report its next earnings results on Tuesday, January 23rd.
On average, analysts expect that CA will report full-year sales of $1.08 billion for the current financial year, with estimates ranging from $4.22 billion to $4.24 billion. For the next financial year, analysts forecast that the business will report sales of $4.34 billion per share, with estimates ranging from $4.28 billion to $4.42 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover CA.
CA (NASDAQ:CA) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. CA had a return on equity of 15.74% and a net margin of 17.83%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 earnings per share.
Several equities research analysts recently issued reports on CA shares. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 price objective (up from $35.00) on shares of CA in a report on Thursday, August 3rd. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a report on Tuesday, July 11th. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a report on Monday, September 11th. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, KeyCorp reiterated a “sector weight” rating on shares of CA in a report on Sunday, September 17th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.68.
In other news, insider Michael P. Gregoire sold 71,235 shares of CA stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $33.38, for a total transaction of $2,377,824.30. Following the sale, the insider now owns 285,652 shares of the company’s stock, valued at approximately $9,535,063.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam Elster sold 166,621 shares of CA stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the sale, the insider now directly owns 251,356 shares in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 286,056 shares of company stock worth $9,330,507. Corporate insiders own 0.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department raised its position in shares of CA by 146.9% during the 3rd quarter. State of Tennessee Treasury Department now owns 211,593 shares of the technology company’s stock valued at $7,063,000 after buying an additional 125,886 shares during the period. State of Wisconsin Investment Board raised its position in shares of CA by 573.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 272,483 shares of the technology company’s stock valued at $9,095,000 after buying an additional 232,051 shares during the period. Stevens Capital Management LP purchased a new stake in shares of CA during the 3rd quarter valued at approximately $269,000. State Board of Administration of Florida Retirement System raised its position in shares of CA by 0.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 453,196 shares of the technology company’s stock valued at $15,128,000 after buying an additional 1,750 shares during the period. Finally, Dupont Capital Management Corp increased its holdings in CA by 214.6% in the 3rd quarter. Dupont Capital Management Corp now owns 159,631 shares of the technology company’s stock valued at $5,328,000 after purchasing an additional 108,895 shares during the last quarter. 66.96% of the stock is currently owned by hedge funds and other institutional investors.
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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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