CA (CA) Announces Quarterly Earnings Results, Beats Expectations By $0.20 EPS

CA (NASDAQ:CA) posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.55 by $0.20, Bloomberg Earnings reports. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. CA had a net margin of 10.23% and a return on equity of 16.52%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. CA updated its FY18 guidance to $2.54-2.60 EPS.

Shares of CA (CA) traded up $0.16 during trading hours on Wednesday, reaching $34.18. The company’s stock had a trading volume of 2,343,500 shares, compared to its average volume of 2,707,404. CA has a fifty-two week low of $30.45 and a fifty-two week high of $36.56. The stock has a market cap of $14,183.76, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 4.31 and a beta of 0.70. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Thursday, February 22nd will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Wednesday, February 21st. CA’s dividend payout ratio (DPR) is 100.99%.

Several research analysts recently commented on CA shares. BidaskClub raised shares of CA from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, February 2nd. Evercore ISI reiterated a “sell” rating and issued a $36.00 price target on shares of CA in a report on Friday, February 2nd. Barclays dropped their target price on shares of CA from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. Finally, Argus restated a “buy” rating and set a $33.70 target price (down previously from $40.00) on shares of CA in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.23.

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About CA

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.

Earnings History for CA (NASDAQ:CA)

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