CA, Inc. (NYSE:CA) – Analysts at Oppenheimer Holdings lowered their Q4 2017 earnings estimates for CA in a note issued to investors on Wednesday. Oppenheimer Holdings analyst S. Eyal now forecasts that the brokerage will earn $0.45 per share for the quarter, down from their prior forecast of $0.56.
CA (NYSE:CA) last issued its earnings results on Tuesday, January 24th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The business earned $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS.
Other analysts have also recently issued research reports about the stock. Barclays PLC dropped their target price on shares of CA from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 target price on shares of CA in a research report on Wednesday. Piper Jaffray Companies reiterated an “overweight” rating and set a $42.00 target price on shares of CA in a research report on Thursday, January 19th. Zacks Investment Research cut shares of CA from a “hold” rating to a “sell” rating in a research report on Thursday, January 12th. Finally, Wells Fargo & Company initiated coverage on shares of CA in a research report on Wednesday, January 11th. They issued an “underperform” rating for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.50.
Shares of CA (NYSE:CA) traded down 0.61% during mid-day trading on Friday, hitting $31.15. The stock had a trading volume of 2,057,294 shares. The stock’s 50-day moving average price is $32.47 and its 200-day moving average price is $32.81. The stock has a market capitalization of $12.86 billion and a price-to-earnings ratio of 16.52. CA has a 12-month low of $26.86 and a 12-month high of $34.99.
A number of institutional investors have recently added to or reduced their stakes in CA. First Citizens Bank & Trust Co. purchased a new position in CA during the second quarter worth about $4,529,000. GW Henssler & Associates Ltd. boosted its position in CA by 5.9% in the second quarter. GW Henssler & Associates Ltd. now owns 90,447 shares of the company’s stock worth $2,969,000 after buying an additional 5,073 shares during the period. BP PLC purchased a new position in CA during the second quarter worth about $1,214,000. Tocqueville Asset Management L.P. boosted its position in CA by 9.1% in the second quarter. Tocqueville Asset Management L.P. now owns 7,655 shares of the company’s stock worth $251,000 after buying an additional 638 shares during the period. Finally, Boston Private Wealth LLC boosted its position in CA by 6.8% in the second quarter. Boston Private Wealth LLC now owns 50,689 shares of the company’s stock worth $1,664,000 after buying an additional 3,240 shares during the period.
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.