Analysts forecast that CalAtlantic Group, Inc. (NYSE:CAA) will announce earnings of $1.31 per share for the current quarter, Zacks reports. Seven analysts have issued estimates for CalAtlantic Group’s earnings, with the lowest EPS estimate coming in at $1.22 and the highest estimate coming in at $1.48. CalAtlantic Group reported earnings per share of $1.26 during the same quarter last year, which would suggest a positive year over year growth rate of 4%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that CalAtlantic Group will report full year earnings of $3.42 per share for the current fiscal year, with EPS estimates ranging from $3.32 to $3.57. For the next fiscal year, analysts forecast that the business will post earnings of $4.12 per share, with EPS estimates ranging from $3.89 to $4.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for CalAtlantic Group.

CalAtlantic Group (NYSE:CAA) last posted its earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.07). CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the business posted $0.97 EPS. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis.

Several research firms recently weighed in on CAA. Deutsche Bank downgraded shares of CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a report on Monday, November 20th. Mizuho downgraded shares of CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Monday, November 13th. UBS boosted their price target on shares of CalAtlantic Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Barclays lifted their price objective on shares of CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Finally, B. Riley reaffirmed a “neutral” rating on shares of CalAtlantic Group in a research report on Wednesday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $46.11.

CalAtlantic Group (NYSE:CAA) traded down $0.36 during trading on Friday, reaching $55.68. 1,862,933 shares of the company traded hands, compared to its average volume of 1,291,439. CalAtlantic Group has a 12-month low of $31.99 and a 12-month high of $56.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.91 and a quick ratio of 0.29. The firm has a market cap of $6,180.00 and a P/E ratio of 16.22.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 30th. Shareholders of record on Friday, December 15th will be paid a $0.04 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.29%. CalAtlantic Group’s dividend payout ratio is presently 4.75%.

In other CalAtlantic Group news, EVP John Patrick Babel sold 12,000 shares of CalAtlantic Group stock in a transaction on Monday, November 20th. The shares were sold at an average price of $52.48, for a total value of $629,760.00. Following the transaction, the executive vice president now directly owns 33,603 shares in the company, valued at $1,763,485.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Larry T. Nicholson sold 78,342 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $52.55, for a total transaction of $4,116,872.10. Following the transaction, the chief executive officer now owns 693,033 shares in the company, valued at $36,418,884.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 235,239 shares of company stock worth $11,991,615. 39.50% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of CAA. Thompson Davis & CO. Inc. acquired a new position in CalAtlantic Group during the second quarter worth about $138,000. Canada Pension Plan Investment Board acquired a new stake in CalAtlantic Group during the 2nd quarter valued at $154,000. Riverhead Capital Management LLC grew its holdings in CalAtlantic Group by 71.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock valued at $155,000 after purchasing an additional 1,827 shares in the last quarter. LS Investment Advisors LLC grew its holdings in CalAtlantic Group by 16.4% during the 2nd quarter. LS Investment Advisors LLC now owns 6,095 shares of the industrial goods maker’s stock valued at $215,000 after purchasing an additional 859 shares in the last quarter. Finally, Sciencast Management LP acquired a new stake in CalAtlantic Group during the 2nd quarter valued at $222,000.

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Earnings History and Estimates for CalAtlantic Group (NYSE:CAA)

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