News articles about CalAtlantic Group (NYSE:CAA) have trended somewhat positive on Monday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CalAtlantic Group earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the industrial goods maker an impact score of 45.8878436271788 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s analysis:
CalAtlantic Group (NYSE:CAA) traded down $0.32 during midday trading on Monday, hitting $61.95. 1,182,100 shares of the company traded hands, compared to its average volume of 1,784,411. 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 has a twelve month low of $32.47 and a twelve month high of $63.06. The company has a market capitalization of $6,840.00 and a PE ratio of 18.38.
CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 EPS. sell-side analysts predict that CalAtlantic Group will post 3.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, December 30th. Shareholders of record on Friday, December 15th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Thursday, December 14th. CalAtlantic Group’s dividend payout ratio is 4.75%.
Several equities research analysts recently weighed in on the stock. B. Riley reiterated a “neutral” rating on shares of CalAtlantic Group in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of CalAtlantic Group from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Tuesday, January 9th. MKM Partners cut shares of CalAtlantic Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 31st. Wedbush cut shares of 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. Finally, ValuEngine upgraded shares of CalAtlantic Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. 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 company currently has an average rating of “Hold” and a consensus price target of $48.40.
In other CalAtlantic Group news, CEO Larry T. Nicholson sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $51.94, for a total transaction of $5,194,000.00. Following the completion of the transaction, the chief executive officer now owns 714,691 shares in the company, valued at $37,121,050.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey Joseph Mccall sold 65,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $55.27, for a total transaction of $3,592,550.00. Following the transaction, the chief financial officer now owns 178,519 shares of the company’s stock, valued at approximately $9,866,745.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 283,206 shares of company stock valued at $14,970,977. Corporate insiders own 39.50% of the company’s stock.
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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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