Equities analysts expect CalAtlantic Group, Inc. (NYSE:CAA) to post $2.12 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for CalAtlantic Group’s earnings, with the lowest sales estimate coming in at $1.94 billion and the highest estimate coming in at $2.27 billion. CalAtlantic Group reported sales of $1.95 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that CalAtlantic Group will report full year sales of $2.12 billion for the current financial year, with estimates ranging from $6.45 billion to $6.81 billion. For the next fiscal year, analysts anticipate that the company will report sales of $7.32 billion per share, with estimates ranging from $7.02 billion to $7.54 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for CalAtlantic Group.

CalAtlantic Group (NYSE:CAA) last issued its earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 EPS for the quarter, missing the 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 business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was down 9.0% on a year-over-year basis.

Several brokerages have commented on CAA. B. Riley reiterated a “neutral” rating on shares of CalAtlantic Group in a research note on Wednesday, November 1st. MKM Partners downgraded CalAtlantic Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 31st. Wedbush downgraded CalAtlantic Group from an “outperform” rating to a “neutral” rating and increased their target price for the company from $41.00 to $51.00 in a research note on Tuesday, October 31st. UBS began coverage on CalAtlantic Group in a research note on Wednesday, October 25th. They set a “neutral” rating and a $42.00 target price on the stock. Finally, Deutsche Bank downgraded CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a research note on Monday, November 20th. Fifteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.11.

In other news, Director William L. Jews sold 7,482 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $51.52, for a total value of $385,472.64. Following the transaction, the director now directly owns 41,717 shares in the company, valued at approximately $2,149,259.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Larry T. Nicholson sold 78,342 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $52.55, for a total value of $4,116,872.10. Following the completion of 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. Company insiders own 39.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC raised its holdings in CalAtlantic Group by 3.8% in the 2nd quarter. FMR LLC now owns 10,812,739 shares of the industrial goods maker’s stock worth $382,230,000 after purchasing an additional 400,103 shares during the period. BlackRock Inc. raised its holdings in CalAtlantic Group by 4.0% in the 2nd quarter. BlackRock Inc. now owns 7,319,210 shares of the industrial goods maker’s stock worth $258,732,000 after purchasing an additional 283,517 shares during the period. Vanguard Group Inc. raised its holdings in CalAtlantic Group by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,099,512 shares of the industrial goods maker’s stock worth $215,618,000 after purchasing an additional 215,325 shares during the period. Sanders Capital LLC raised its holdings in CalAtlantic Group by 5.1% in the 3rd quarter. Sanders Capital LLC now owns 4,380,539 shares of the industrial goods maker’s stock worth $175,352,000 after purchasing an additional 213,339 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in CalAtlantic Group by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,330,522 shares of the industrial goods maker’s stock worth $121,995,000 after purchasing an additional 69,164 shares during the period.

Shares of CalAtlantic Group (CAA) opened at $55.68 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.29 and a current ratio of 5.91. CalAtlantic Group has a 52 week low of $31.99 and a 52 week high of $56.32. The company has a market capitalization of $6,183.15, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.58.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Friday, December 15th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.29%. CalAtlantic Group’s dividend payout ratio (DPR) is currently 4.75%.

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

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