Analysts predict that CA, Inc. (NASDAQ:CA) will announce $1.08 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for CA’s earnings. CA reported sales of $1.01 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 10th.
On average, analysts expect that CA will report full-year sales of $1.08 billion for the current financial year, with estimates ranging from $4.23 billion to $4.24 billion. For the next year, analysts forecast that the firm will report sales of $4.35 billion per share, with estimates ranging from $4.28 billion to $4.45 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for CA.
CA (NASDAQ:CA) last released its earnings results on Tuesday, January 30th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. CA had a net margin of 10.23% and a return on equity of 16.52%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business earned $0.63 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year.
A number of research firms have commented on CA. Oppenheimer reaffirmed a “hold” rating on shares of CA in a report on Wednesday, January 31st. Argus reaffirmed 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 lowered shares of CA from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Barclays lifted their target price on shares of CA from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. 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 stock. CA currently has a consensus rating of “Hold” and a consensus price target of $34.23.
CA (CA) traded up $0.10 on Friday, reaching $35.34. 1,782,900 shares of the company’s stock were exchanged, compared to its average volume of 2,717,021. 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 12-month low of $30.45 and a 12-month high of $36.56. The firm has a market cap of $14,790.00, a price-to-earnings ratio of 19.85, a PEG ratio of 4.47 and a beta of 0.70.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Thursday, February 22nd will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, February 21st. CA’s dividend payout ratio (DPR) is 57.30%.
Hedge funds have recently made changes to their positions in the company. Fieldpoint Private Securities LLC bought a new stake in CA in the 3rd quarter valued at $101,000. Ffcm LLC lifted its position in CA by 1,808.7% in the 4th quarter. Ffcm LLC now owns 3,073 shares of the technology company’s stock valued at $103,000 after acquiring an additional 2,912 shares in the last quarter. Avestar Capital LLC bought a new stake in CA in the 4th quarter valued at $103,000. Captrust Financial Advisors bought a new stake in CA in the 4th quarter valued at $148,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in CA by 56.3% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock valued at $210,000 after acquiring an additional 2,259 shares in the last quarter. 68.89% of the stock is owned by institutional investors.
CA Company Profile
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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