Brokerages expect CA, Inc. (NASDAQ:CA) to report $1.08 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for CA’s earnings. CA reported sales of $1.01 billion in the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The business is expected to report its next earnings report on Thursday, May 10th.
On average, analysts expect that CA will report full-year sales of $1.08 billion for the current year, with estimates ranging from $4.23 billion to $4.24 billion. For the next fiscal 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 Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for CA.
CA (NASDAQ:CA) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.20. CA had a return on equity of 16.52% and a net margin of 10.23%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year.
CA has been the topic of several research reports. BidaskClub upgraded CA from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Zacks Investment Research upgraded CA from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Friday, February 2nd. Evercore ISI restated a “sell” rating and set a $36.00 price objective on shares of CA in a research note on Friday, February 2nd. Barclays cut their price objective on CA from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Finally, Argus restated a “buy” rating and set a $33.70 price objective (down previously from $40.00) on shares of CA in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $34.23.
Several institutional investors have recently made changes to their positions in CA. MetLife Investment Advisors LLC bought a new position in CA in the 4th quarter worth approximately $3,232,000. MainStreet Investment Advisors LLC bought a new position in CA in the 4th quarter worth approximately $438,000. Vident Investment Advisory LLC grew its holdings in CA by 22.2% in the 4th quarter. Vident Investment Advisory LLC now owns 86,575 shares of the technology company’s stock worth $2,881,000 after buying an additional 15,722 shares in the last quarter. Crestline Management LP bought a new position in CA in the 4th quarter worth approximately $1,010,000. Finally, Millennium Management LLC grew its holdings in CA by 55.9% in the 4th quarter. Millennium Management LLC now owns 405,021 shares of the technology company’s stock worth $13,479,000 after buying an additional 145,235 shares in the last quarter. Institutional investors and hedge funds own 68.89% of the company’s stock.
Shares of CA (NASDAQ CA) traded up $0.10 during midday trading on Friday, reaching $35.34. The company’s stock had a trading volume of 1,782,900 shares, compared to its average volume of 2,717,021. CA has a 12-month low of $30.45 and a 12-month high of $36.56. The firm has a market capitalization of $14,790.00, a PE ratio of 19.85, a P/E/G ratio of 4.47 and a beta of 0.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Wednesday, February 21st. CA’s payout ratio is 57.30%.
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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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