Equities research analysts predict that CA, Inc. (NASDAQ:CA) will announce sales of $1.05 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for CA’s earnings. The lowest sales estimate is $1.05 billion and the highest is $1.06 billion. CA reported sales of $1.03 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The business is scheduled 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 financial year, with estimates ranging from $4.22 billion to $4.29 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.34 billion per share, with estimates ranging from $4.33 billion to $4.39 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow CA.
CA (NASDAQ:CA) last posted its quarterly earnings data on Monday, August 6th. The technology company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.14). The company had revenue of $938.00 million during the quarter, compared to analyst estimates of $1.05 billion. CA had a return on equity of 15.11% and a net margin of 11.19%. CA’s revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share.
CA has been the subject of a number of research analyst reports. Zacks Investment Research downgraded CA from a “hold” rating to a “sell” rating in a report on Friday, May 11th. ValuEngine downgraded CA from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Wells Fargo & Co upgraded CA from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $30.00 to $45.00 in a report on Thursday, July 12th. Sanford C. Bernstein upgraded CA from an “underperform” rating to a “market perform” rating and set a $19.00 target price for the company in a report on Thursday, July 12th. Finally, Evercore ISI upgraded CA from an “underperform” rating to an “in-line” rating and set a $44.50 target price for the company in a report on Thursday, July 12th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $38.07.
Shares of CA stock traded up $0.02 during midday trading on Tuesday, reaching $43.38. The company had a trading volume of 4,837,114 shares, compared to its average volume of 7,449,618. The firm has a market cap of $18.13 billion, a P/E ratio of 19.02, a P/E/G ratio of 5.06 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.21 and a quick ratio of 1.33. CA has a fifty-two week low of $31.45 and a fifty-two week high of $44.25.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 11th. Stockholders of record on Thursday, August 23rd will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Wednesday, August 22nd. This represents a $1.02 annualized dividend and a dividend yield of 2.35%. CA’s dividend payout ratio is 43.97%.
In related news, EVP Paul L. Pronsati sold 7,196 shares of the company’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $35.28, for a total transaction of $253,874.88. Following the completion of the sale, the executive vice president now owns 34,528 shares in the company, valued at $1,218,147.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael P. Gregoire sold 86,163 shares of the company’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $36.00, for a total value of $3,101,868.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,720 shares of company stock valued at $6,947,746. Corporate insiders own 0.87% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. purchased a new stake in CA during the 2nd quarter worth about $113,000. Intact Investment Management Inc. purchased a new stake in CA during the 2nd quarter worth about $214,000. Zeke Capital Advisors LLC purchased a new stake in CA during the 1st quarter worth about $237,000. Hikari Power Ltd lifted its holdings in CA by 22.2% during the 2nd quarter. Hikari Power Ltd now owns 7,490 shares of the technology company’s stock worth $267,000 after purchasing an additional 1,360 shares in the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new stake in CA during the 2nd quarter worth about $361,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.
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.
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