Equities research analysts expect CA, Inc. (NASDAQ:CA) to post earnings of $0.69 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for CA’s earnings. The lowest EPS estimate is $0.67 and the highest is $0.72. CA posted earnings of $0.61 per share in the same quarter last year, which suggests a positive year over year growth rate of 13.1%. The firm is expected to announce its next earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that CA will report full-year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.76 to $2.79. For the next financial year, analysts anticipate that the company will report earnings of $2.89 per share, with EPS estimates ranging from $2.81 to $2.96. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for CA.
CA (NASDAQ:CA) last issued its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. CA had a return on equity of 16.89% and a net margin of 11.24%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis.
Several brokerages have recently issued reports on CA. BidaskClub cut CA from a “buy” rating to a “hold” rating in a research report on Thursday, March 15th. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Credit Suisse Group restated a “hold” rating and issued a $36.00 target price on shares of CA in a report on Tuesday, March 20th. Finally, Zacks Investment Research cut CA from a “hold” rating to a “sell” rating in a report on Friday, May 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. CA presently has a consensus rating of “Hold” and an average target price of $34.24.
Shares of CA traded up $0.13, hitting $35.65, during mid-day trading on Friday, Marketbeat Ratings reports. 2,667,428 shares of the stock traded hands, compared to its average volume of 2,521,436. CA has a twelve month low of $30.45 and a twelve month high of $37.35. The stock has a market cap of $14.85 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 4.18 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.33 and a current ratio of 1.33.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 5th. Investors of record on Thursday, May 17th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Wednesday, May 16th. CA’s payout ratio is 43.97%.
In other news, insider Ayman Sayed sold 83,703 shares of the firm’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $34.87, for a total value of $2,918,723.61. Following the completion of the sale, the insider now owns 114,404 shares of the company’s stock, valued at $3,989,267.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul L. Pronsati sold 7,196 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $35.28, for a total value of $253,874.88. Following the completion of the sale, the executive vice president now directly owns 34,528 shares of the company’s stock, valued at approximately $1,218,147.84. The disclosure for this sale can be found here. Insiders sold a total of 178,862 shares of company stock worth $6,339,518 over the last 90 days. Insiders own 0.90% of the company’s stock.
Several institutional investors have recently modified their holdings of CA. Virtu Financial LLC acquired a new stake in CA during the fourth quarter valued at $312,000. OppenheimerFunds Inc. boosted its position in CA by 12.8% during the fourth quarter. OppenheimerFunds Inc. now owns 19,570 shares of the technology company’s stock valued at $651,000 after purchasing an additional 2,217 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in CA during the fourth quarter valued at $16,391,000. Amalgamated Bank boosted its position in CA by 9.6% during the fourth quarter. Amalgamated Bank now owns 39,633 shares of the technology company’s stock valued at $1,319,000 after purchasing an additional 3,477 shares during the last quarter. Finally, Investors Research Corp acquired a new stake in CA during the fourth quarter valued at $324,000. 69.07% of the stock is 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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