News headlines about CalAtlantic Group (NYSE:CAA) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CalAtlantic Group earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the industrial goods maker an impact score of 44.7213895915704 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Is The Stock A Good Investment? – CalAtlantic Group, Inc., (NYSE: CAA) – Stock Watch (stocksnewstimes.com)
- Stocks which investors can’t afford to let alone: CalAtlantic Group, Inc. (CAA), Blue Apron Holdings, Inc. (APRN) – Market Movers (financialqz.com)
- Notable Stocks Trending Alert: Cardinal Health, Inc., (NYSE: CAH), CalAtlantic Group, Inc., (NYSE: CAA), CoreCivic … – Stocks In The News (press release) (tradingnewsnow.com)
- Zacks: Analysts Anticipate CalAtlantic Group, Inc. (CAA) Will Announce Quarterly Sales of $2.12 Billion (americanbankingnews.com)
- Zacks: Brokerages Anticipate CalAtlantic Group, Inc. (CAA) Will Post Earnings of $1.31 Per Share (americanbankingnews.com)
A number of equities analysts have issued reports on CAA shares. ValuEngine cut shares of CalAtlantic Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Mizuho cut shares of CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a report on Monday, November 13th. Deutsche Bank cut shares of CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a report on Monday, November 20th. JMP Securities cut CalAtlantic Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Finally, UBS assumed coverage on CalAtlantic Group in a report on Wednesday, October 25th. They set a “neutral” rating and a $42.00 price target on the stock. Fifteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. CalAtlantic Group has a consensus rating of “Hold” and a consensus target price of $46.11.
CalAtlantic Group (NYSE CAA) traded down $0.91 on Wednesday, hitting $54.37. The stock had a trading volume of 1,041,045 shares, compared to its average volume of 1,300,448. The company has a market capitalization of $6,000.00 and a PE ratio of 16.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.29 and a current ratio of 5.91. CalAtlantic Group has a 52 week low of $32.47 and a 52 week high of $57.04.
CalAtlantic Group (NYSE:CAA) last released its quarterly earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.07). The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.97 EPS. equities analysts forecast that CalAtlantic Group will post 3.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 30th. Investors of record on Friday, December 15th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.29%. CalAtlantic Group’s dividend payout ratio is presently 4.75%.
In related news, EVP John Patrick Babel sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $52.48, for a total transaction of $629,760.00. Following the transaction, the executive vice president now owns 33,603 shares in the company, valued at $1,763,485.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Larry T. Nicholson sold 78,342 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $52.55, for a total transaction of $4,116,872.10. Following the transaction, the chief executive officer now owns 693,033 shares in the company, valued at approximately $36,418,884.15. The disclosure for this sale can be found here. Insiders have sold 235,239 shares of company stock worth $11,991,615 in the last quarter. Company insiders own 39.50% of the company’s stock.
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About CalAtlantic Group
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