$1.31 Earnings Per Share Expected for CalAtlantic Group Inc (CAA) This Quarter

Equities research analysts predict that CalAtlantic Group Inc (NYSE:CAA) will announce $1.31 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided 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 in the same quarter last year, which would indicate a positive year over year growth rate of 4%. The company is expected to issue its next quarterly earnings results on Wednesday, February 14th.

On average, analysts expect that CalAtlantic Group will report full year earnings of $3.41 per share for the current year, with EPS estimates ranging from $3.32 to $3.57. For the next financial year, analysts forecast that the firm will report earnings of $4.11 per share, with EPS estimates ranging from $3.89 to $4.45. Zacks’ EPS averages are a mean average based on a survey of research firms that follow CalAtlantic Group.

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

Several equities research analysts have recently commented on the company. ValuEngine upgraded CalAtlantic Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Wedbush increased their price objective on CalAtlantic Group from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, December 29th. Deutsche Bank cut CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a research report on Monday, November 20th. Mizuho cut CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research report on Monday, November 13th. Finally, UBS Group increased their price objective on CalAtlantic Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Fifteen analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $46.33.

Shares of CalAtlantic Group (NYSE CAA) opened at $59.78 on Friday. CalAtlantic Group has a 52 week low of $32.47 and a 52 week high of $60.25. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $6,383.95, a P/E ratio of 17.74, a PEG ratio of 1.66 and a beta of 1.59.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 30th. Shareholders of record on Friday, December 15th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, December 14th. CalAtlantic Group’s dividend payout ratio (DPR) is 4.75%.

In other CalAtlantic Group news, CEO Larry T. Nicholson sold 100,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $51.94, for a total value of $5,194,000.00. Following the sale, the chief executive officer now owns 714,691 shares of the company’s stock, valued at $37,121,050.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeffrey Joseph Mccall sold 65,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $55.27, for a total value of $3,592,550.00. Following the completion of the sale, the chief financial officer now directly owns 178,519 shares in the company, valued at approximately $9,866,745.13. The disclosure for this sale can be found here. Insiders sold 283,206 shares of company stock worth $14,970,977 in the last three months. 39.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. acquired a new stake in shares of CalAtlantic Group during the second quarter valued at $138,000. Riverhead Capital Management LLC boosted its stake in shares of CalAtlantic Group by 71.4% during the second quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock valued at $155,000 after acquiring an additional 1,827 shares during the last quarter. Sciencast Management LP acquired a new stake in shares of CalAtlantic Group during the second quarter valued at $222,000. Norman Fields Gottscho Capital Management LLC acquired a new stake in shares of CalAtlantic Group during the fourth quarter valued at $230,000. Finally, Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of CalAtlantic Group during the third quarter valued at $253,000.

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CalAtlantic Group Company Profile

CalAtlantic Group, Inc is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.

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