Brokerages expect CA, Inc. (NASDAQ:CA) to announce $0.60 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for CA’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.66. CA reported earnings of $0.54 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.1%. The business is expected to issue its next earnings results on Thursday, May 10th.
On average, analysts expect that CA will report full year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.57 to $2.65. For the next year, analysts anticipate that the firm will post earnings of $2.77 per share, with EPS estimates ranging from $2.70 to $2.81. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow CA.
CA (NASDAQ:CA) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.20. CA had a return on equity of 16.52% and a net margin of 10.23%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business earned $0.63 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis.
A number of brokerages have recently issued reports on CA. Oppenheimer reiterated a “hold” rating on shares of CA in a report on Wednesday, January 31st. Argus reiterated 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. BidaskClub cut CA from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Barclays boosted their target price on CA from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. CA currently has an average rating of “Hold” and a consensus price target of $34.23.
Shares of CA (NASDAQ:CA) traded up $0.16 during trading hours on Wednesday, hitting $34.18. The stock had a trading volume of 2,343,500 shares, compared to its average volume of 2,698,480. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. CA has a 1-year low of $30.45 and a 1-year high of $36.56. The stock has a market cap of $14,183.76, a PE ratio of 33.84, a P/E/G ratio of 4.31 and a beta of 0.70.
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 dividend yield of 2.98%. The ex-dividend date is Wednesday, February 21st. CA’s payout ratio is 100.99%.
Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its position in shares of CA by 2.1% in the 2nd quarter. California State Teachers Retirement System now owns 610,877 shares of the technology company’s stock valued at $21,057,000 after purchasing an additional 12,408 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of CA by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 367,111 shares of the technology company’s stock valued at $12,654,000 after acquiring an additional 4,044 shares in the last quarter. Toronto Dominion Bank raised its position in shares of CA by 25.3% during the 2nd quarter. Toronto Dominion Bank now owns 106,726 shares of the technology company’s stock valued at $3,678,000 after acquiring an additional 21,532 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of CA by 1,758.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,219,309 shares of the technology company’s stock valued at $40,699,000 after acquiring an additional 1,153,717 shares in the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in shares of CA during the 3rd quarter valued at approximately $868,000. 68.98% of the stock is currently owned by institutional investors.
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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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