Media coverage about CalAtlantic Group (NYSE:CAA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news 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 assigned media headlines about the industrial goods maker an impact score of 45.849702790135 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of CalAtlantic Group (NYSE CAA) traded down $2.48 on Friday, hitting $53.86. The stock had a trading volume of 2,542,795 shares, compared to its average volume of 1,455,360. The firm has a market cap of $6,546.19, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 1.50 and a beta of 1.45. 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 one year low of $32.47 and a one year high of $64.60.
CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.07). The company had revenue of $1.52 billion during 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 company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. sell-side analysts forecast that CalAtlantic Group will post 3.3 EPS for the current year.
A number of research firms recently commented on CAA. Deutsche Bank lowered CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price objective on the stock. in a research note on Monday, November 20th. Credit Suisse Group reaffirmed a “neutral” rating and set a $63.00 price objective (up previously from $51.00) on shares of CalAtlantic Group in a research note on Monday, January 22nd. They noted that the move was a valuation call. Mizuho downgraded CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Monday, November 13th. Wedbush increased their target price on CalAtlantic Group from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, December 29th. Finally, UBS Group raised their price objective on CalAtlantic Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Fifteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. CalAtlantic Group presently has an average rating of “Hold” and a consensus price target of $53.60.
In other news, CEO Larry T. Nicholson sold 100,000 shares of the business’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 approximately $37,121,050.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Larry T. Nicholson sold 78,342 shares of the business’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 sale, the chief executive officer now directly owns 693,033 shares in the company, valued at approximately $36,418,884.15. 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 ninety days. 39.50% of the stock is owned by company 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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