Equities analysts expect CA, Inc. (NASDAQ:CA) to report sales of $1.05 billion for the current quarter, according to Zacks. Four analysts have made estimates for CA’s earnings, with the highest sales estimate coming in at $1.06 billion and the lowest estimate coming in at $1.05 billion. CA reported sales of $1.03 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The firm is expected to issue its next earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that CA will report full year sales of $4.26 billion for the current fiscal year, with estimates ranging from $4.22 billion to $4.29 billion. For the next year, analysts expect that the firm will post sales of $4.33 billion per share. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for CA.
CA (NASDAQ:CA) last announced its quarterly earnings data on Monday, August 6th. The technology company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.14). CA had a return on equity of 15.11% and a net margin of 11.19%. The firm had revenue of $938.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted $0.61 EPS. CA’s revenue for the quarter was down 8.5% compared to the same quarter last year.
Several brokerages have recently weighed in on CA. ValuEngine raised CA from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. Evercore ISI raised CA from an “underperform” rating to an “in-line” rating and set a $44.50 price objective on the stock in a report on Thursday, July 12th. TheStreet lowered CA from an “a-” rating to a “c” rating in a report on Wednesday, July 11th. Sanford C. Bernstein raised CA from an “underperform” rating to a “market perform” rating and set a $19.00 price objective on the stock in a report on Thursday, July 12th. Finally, BidaskClub lowered CA from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $38.07.
In related news, insider Ayman Sayed sold 34,562 shares of the business’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $43.34, for a total value of $1,497,917.08. Following the sale, the insider now owns 89,514 shares of the company’s stock, valued at approximately $3,879,536.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 81,531 shares of company stock worth $3,543,039. 0.87% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. BDO Wealth Advisors LLC bought a new position in CA in the 2nd quarter valued at $100,000. First Mercantile Trust Co. bought a new position in CA in the 2nd quarter valued at $113,000. Captrust Financial Advisors raised its position in CA by 53.5% in the 2nd quarter. Captrust Financial Advisors now owns 4,458 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,553 shares during the last quarter. Intact Investment Management Inc. bought a new position in CA in the 2nd quarter valued at $214,000. Finally, Hikari Power Ltd raised its position in CA by 22.2% in the 2nd quarter. Hikari Power Ltd now owns 7,490 shares of the technology company’s stock valued at $267,000 after purchasing an additional 1,360 shares during the last quarter. 69.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:CA traded down $0.02 during trading on Monday, hitting $44.03. 2,137,500 shares of the stock were exchanged, compared to its average volume of 3,662,299. CA has a 1-year low of $31.45 and a 1-year high of $44.25. The firm has a market capitalization of $18.37 billion, a PE ratio of 18.99, a PEG ratio of 3.80 and a beta of 0.84. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.32.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 11th. Investors of record on Thursday, August 23rd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.32%. The ex-dividend date was Wednesday, August 22nd. CA’s dividend payout ratio is 43.97%.
CA Company Profile
CA, Inc, together with its subsidiaries, develops, markets, delivers, and licenses software products and services in the United States and internationally. It operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment offers solutions for the IBM z Systems platform, which runs various mission critical business applications.
Read More: How to calculate the intrinsic value of a stock
Get a free copy of the Zacks research report on CA (CA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA and related companies with MarketBeat.com's FREE daily email newsletter.