Media stories about CalAtlantic Group (NYSE:CAA) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CalAtlantic Group earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news headlines about the industrial goods maker an impact score of 45.7114442994525 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of brokerages recently weighed in on CAA. B. Riley reissued a “neutral” rating on shares of CalAtlantic Group in a research note on Wednesday, November 1st. Zacks Investment Research raised CalAtlantic Group from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Tuesday, January 9th. Wedbush downgraded CalAtlantic Group from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $41.00 to $51.00 in a research note on Tuesday, October 31st. ValuEngine raised CalAtlantic Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, JMP Securities downgraded CalAtlantic Group from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Fifteen research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.40.
Shares of CalAtlantic Group (NYSE:CAA) traded down $0.32 during midday trading on Friday, reaching $61.95. The company’s stock had a trading volume of 1,185,738 shares, compared to its average volume of 1,389,662. CalAtlantic Group has a 52 week low of $32.47 and a 52 week high of $63.06. The company has a market cap of $7,198.03, a P/E ratio of 18.38, a P/E/G ratio of 1.70 and a beta of 1.59. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80.
CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings data 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 return on equity of 10.35% and a net margin of 6.85%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business posted $0.97 EPS. CalAtlantic Group’s revenue for the quarter was down 9.0% compared to the same quarter last year. sell-side analysts expect that CalAtlantic Group will post 3.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 30th. Stockholders of record on Friday, December 15th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, December 14th. CalAtlantic Group’s payout ratio is presently 4.75%.
In related news, Director William L. Jews sold 7,482 shares of the business’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 sale, the director now owns 41,717 shares of the company’s stock, valued at approximately $2,149,259.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Patrick Babel sold 12,000 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 33,603 shares in the company, valued at approximately $1,763,485.44. The disclosure for this sale can be found here. Insiders have sold a total of 283,206 shares of company stock worth $14,970,977 in the last three months. 39.50% of the stock is owned by insiders.
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About CalAtlantic Group
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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