Equities research analysts expect that CA Inc. (NASDAQ:CA) will announce sales of $1.05 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for CA’s earnings, with estimates ranging from $1.04 billion to $1.06 billion. CA reported sales of $1.02 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, October 25th.
On average, analysts expect that CA will report full year sales of $1.05 billion for the current fiscal year, with estimates ranging from $4.20 billion to $4.21 billion. For the next fiscal year, analysts anticipate that the business will post sales of $4.29 billion per share, with estimates ranging from $4.24 billion to $4.34 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover CA.
CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company earned $0.64 EPS. CA’s revenue for the quarter was up 2.6% on a year-over-year basis.
Several equities analysts have issued reports on the stock. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $28.00 price objective on shares of CA in a report on Wednesday, June 28th. Citigroup Inc. increased their price objective on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. CA currently has an average rating of “Hold” and a consensus target price of $34.88.
In other CA news, insider Ayman Sayed sold 12,920 shares of CA stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.19, for a total transaction of $415,894.80. Following the transaction, the insider now directly owns 114,422 shares of the company’s stock, valued at $3,683,244.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael P. Gregoire sold 71,235 shares of CA stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $33.38, for a total transaction of $2,377,824.30. Following the transaction, the insider now directly owns 285,652 shares in the company, valued at $9,535,063.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 286,056 shares of company stock worth $9,330,507. Insiders own 0.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of CA. OppenheimerFunds Inc. raised its stake in CA by 8.6% during the first quarter. OppenheimerFunds Inc. now owns 16,223 shares of the technology company’s stock worth $515,000 after purchasing an additional 1,288 shares during the period. FMR LLC raised its stake in CA by 228.4% during the first quarter. FMR LLC now owns 391,816 shares of the technology company’s stock worth $12,429,000 after purchasing an additional 272,517 shares during the period. Rothschild Asset Management Inc. purchased a new position in CA during the first quarter worth about $400,000. Massachusetts Financial Services Co. MA raised its stake in CA by 0.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 200,577 shares of the technology company’s stock worth $6,362,000 after purchasing an additional 1,256 shares during the period. Finally, Cleararc Capital Inc. raised its stake in CA by 0.4% during the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock worth $243,000 after purchasing an additional 32 shares during the period. 67.51% of the stock is currently owned by institutional investors.
CA (NASDAQ CA) opened at 33.88 on Friday. The stock has a market cap of $14.27 billion, a PE ratio of 18.82 and a beta of 0.83. The company’s 50 day moving average is $33.23 and its 200-day moving average is $32.76. CA has a 1-year low of $30.01 and a 1-year high of $36.54.
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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