Wall Street brokerages expect that CA, Inc. (NASDAQ:CA) will announce earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for CA’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.48. CA reported earnings of $0.59 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 13.6%. The company is scheduled to report its next earnings results on Wednesday, July 26th.
On average, analysts expect that CA will report full-year earnings of $2.18 per share for the current financial year. For the next year, analysts expect that the business will post earnings of $2.29 per share, with EPS estimates ranging from $2.23 to $2.34. Zacks’ EPS calculations are an average based on a survey of analysts that follow CA.
CA (NASDAQ:CA) last issued its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.98% and a net margin of 19.64%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.59 million. During the same period in the previous year, the firm earned $0.60 EPS. CA’s quarterly revenue was up .3% compared to the same quarter last year.
CA has been the topic of several recent analyst reports. Hovde Group reiterated an “outperform” rating and set a $39.00 target price (up from $37.00) on shares of CA in a research note on Sunday, January 29th. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 target price on shares of CA in a research note on Wednesday, January 25th. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. FIG Partners downgraded CA to a “market perform” rating and increased their target price for the company from $35.00 to $40.00 in a research note on Tuesday, January 31st. Finally, Evercore ISI downgraded CA from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $35.25.
Institutional investors have recently made changes to their positions in the company. Park National Corp OH boosted its stake in CA by 0.3% in the first quarter. Park National Corp OH now owns 8,885 shares of the technology company’s stock worth $282,000 after buying an additional 28 shares in the last quarter. Cleararc Capital Inc. boosted its stake in CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock worth $243,000 after buying an additional 32 shares in the last quarter. Alpha Windward LLC boosted its stake in CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock worth $294,000 after buying an additional 61 shares in the last quarter. U S Global Investors Inc boosted its stake in CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock worth $492,000 after buying an additional 100 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after buying an additional 107 shares in the last quarter. 68.63% of the stock is currently owned by institutional investors.
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Shares of CA (NASDAQ:CA) traded up 0.71% during midday trading on Monday, reaching $31.26. The company’s stock had a trading volume of 2,902,655 shares. The stock has a 50-day moving average price of $32.05 and a 200-day moving average price of $32.01. CA has a 52-week low of $30.01 and a 52-week high of $34.99. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 16.90 and a beta of 0.92.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Thursday, May 25th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 3.26%. CA’s dividend payout ratio is currently 53.97%.
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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