$0.60 Earnings Per Share Expected for CA, Inc. (CA) This Quarter

Wall Street brokerages predict that CA, Inc. (NASDAQ:CA) will report $0.60 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for CA’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.59. CA posted earnings per share of $0.63 in the same quarter last year, which suggests a negative year over year growth rate of 4.8%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, January 30th.

On average, analysts expect that CA will report full year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.45 to $2.47. For the next year, analysts anticipate that the firm will post earnings of $2.58 per share, with EPS estimates ranging from $2.52 to $2.66. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover CA.

CA (NASDAQ:CA) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62. CA had a return on equity of 15.74% and a net margin of 17.83%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year.

Several equities analysts have commented on CA shares. Zacks Investment Research upgraded CA from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Monday, October 30th. Barclays reduced their price objective on CA from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Mizuho reissued a “hold” rating and issued a $34.00 price objective on shares of CA in a research report on Wednesday, October 25th. Finally, BidaskClub raised CA from a “sell” rating to a “hold” rating in a research report on Saturday, December 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.70.

Shares of CA (CA) traded up $0.77 during mid-day trading on Friday, reaching $35.90. The company’s stock had a trading volume of 2,230,182 shares, compared to its average volume of 1,910,000. CA has a one year low of $30.45 and a one year high of $36.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $15,360.00, a P/E ratio of 20.75, a PEG ratio of 4.68 and a beta of 0.74.

In related news, EVP Lauren Patricia Flaherty sold 24,843 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $32.59, for a total value of $809,633.37. Following the completion of the transaction, the executive vice president now directly owns 82,000 shares of the company’s stock, valued at $2,672,380. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Fieldpoint Private Securities LLC bought a new position in CA in the third quarter worth $101,000. D.A. Davidson & CO. lifted its position in CA by 4.2% in the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after purchasing an additional 169 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in CA by 56.3% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock worth $210,000 after purchasing an additional 2,259 shares during the period. Sun Life Financial INC lifted its position in CA by 3,772.8% in the second quarter. Sun Life Financial INC now owns 6,700 shares of the technology company’s stock worth $231,000 after purchasing an additional 6,527 shares during the period. Finally, Magnetar Financial LLC bought a new position in CA in the third quarter worth $231,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

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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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