$0.51 EPS Expected for CA, Inc. (CA) This Quarter
Equities research analysts expect that CA, Inc. (NASDAQ:CA) will announce earnings of $0.51 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for CA’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.48. CA reported earnings per share of $0.59 in the same quarter last year, which suggests a negative year-over-year growth rate of 13.6%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, July 26th.
On average, analysts expect that CA will report full year earnings of $2.18 per share for the current year. For the next year, analysts expect that the business will report earnings of $2.29 per share, with EPS estimates ranging from $2.23 to $2.34. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for CA.
CA (NASDAQ:CA) last posted its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. CA had a net margin of 19.64% and a return on equity of 17.98%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. CA’s quarterly revenue was up .3% on a year-over-year basis.
Several research analysts have issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 target price on shares of CA in a report on Friday, April 28th. Evercore ISI cut shares of CA from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. FIG Partners upgraded shares of CA to an “outperform” rating and increased their target price for the stock from $40.00 to $42.25 in a report on Wednesday, May 3rd. Raymond James Financial, Inc. upgraded shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Monday, May 8th. Finally, DA Davidson cut shares of CA from a “buy” rating to a “neutral” rating in a report on Monday, April 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. CA presently has a consensus rating of “Hold” and an average target price of $35.25.
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Hedge funds have recently added to or reduced their stakes in the company. Prudential PLC bought a new stake in CA during the fourth quarter worth approximately $696,000. State Street Corp boosted its stake in CA by 9.7% in the fourth quarter. State Street Corp now owns 14,953,694 shares of the technology company’s stock worth $475,079,000 after buying an additional 1,323,670 shares during the period. Wetherby Asset Management Inc. bought a new stake in CA during the fourth quarter worth approximately $225,000. State Board of Administration of Florida Retirement System boosted its stake in CA by 1.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 450,311 shares of the technology company’s stock worth $14,306,000 after buying an additional 5,200 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in CA by 151.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 40,355 shares of the technology company’s stock worth $1,282,000 after buying an additional 24,337 shares during the period. Institutional investors own 68.63% of the company’s stock.
CA (NASDAQ CA) traded down 0.81% during midday trading on Friday, reaching $31.71. 3,547,657 shares of the company traded hands. The company has a 50 day moving average price of $32.09 and a 200-day moving average price of $32.07. The stock has a market capitalization of $13.25 billion, a P/E ratio of 17.14 and a beta of 0.92. CA has a one year low of $30.01 and a one year high of $34.99.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Thursday, May 25th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is presently 53.97%.
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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