$0.52 Earnings Per Share Expected for CA Inc. (NASDAQ:CA) This Quarter
Equities analysts expect that CA Inc. (NASDAQ:CA) will announce $0.52 earnings per share for the current 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 of $0.59 per share in the same quarter last year, which suggests a negative year over year growth rate of 11.9%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that CA will report full year earnings of $2.18 per share for the current fiscal year, with EPS estimates ranging from $2.18 to $2.19. For the next fiscal year, analysts expect that the company will post earnings of $2.29 per share, with EPS estimates ranging from $2.23 to $2.36. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for CA.
CA (NASDAQ:CA) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS.
A number of brokerages have recently commented on CA. Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Citigroup Inc. lifted their price objective on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 28th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $28.00 price objective on shares of CA in a research note on Wednesday, June 28th. BidaskClub lowered CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $35.02.
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Shares of CA (NASDAQ CA) traded up 0.03% on Wednesday, reaching $34.32. 2,645,642 shares of the company traded hands. The company has a market capitalization of $14.34 billion, a P/E ratio of 18.55 and a beta of 0.87. The firm’s 50 day moving average is $32.41 and its 200 day moving average is $32.25. CA has a one year low of $30.01 and a one year high of $36.54.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.97%. The ex-dividend date was Tuesday, May 23rd. CA’s dividend payout ratio (DPR) is presently 55.14%.
In other CA news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28. Following the transaction, the insider now directly owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its stake in CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares in the last quarter. Acrospire Investment Management LLC increased its stake in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares in the last quarter. Tompkins Financial Corp increased its stake in CA by 294.7% in the first quarter. Tompkins Financial Corp now owns 5,387 shares of the technology company’s stock valued at $165,000 after buying an additional 4,022 shares in the last quarter. Hefty Wealth Partners increased its stake in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in CA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,658 shares of the technology company’s stock valued at $179,000 after buying an additional 492 shares in the last quarter. 70.63% of the stock is currently owned by hedge funds and other 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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