Analysts Anticipate CA, Inc. (CA) Will Announce Earnings of $0.60 Per Share

Wall Street brokerages expect that CA, Inc. (NASDAQ:CA) will report $0.60 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for CA’s earnings, with estimates ranging from $0.58 to $0.66. CA posted earnings of $0.54 per share in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The business is scheduled to announce its next earnings results on Thursday, May 10th.

According to Zacks, analysts expect that CA will report full year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.57 to $2.65. For the next financial year, analysts expect that the firm will post earnings of $2.77 per share, with EPS estimates ranging from $2.70 to $2.81. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow CA.

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CA (NASDAQ:CA) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.20. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. CA had a net margin of 10.23% and a return on equity of 16.52%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share.

Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of CA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Credit Suisse Group reiterated a “hold” rating and issued a $36.00 price target on shares of CA in a research report on Tuesday, March 20th. BidaskClub lowered shares of CA from a “buy” rating to a “hold” rating in a research report on Thursday, March 15th. Argus reiterated a “buy” rating and issued a $33.70 price target (down from $40.00) on shares of CA in a research report on Wednesday, February 7th. Finally, Evercore ISI reiterated a “sell” rating and issued a $36.00 price target on shares of CA in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. CA currently has an average rating of “Hold” and an average price target of $34.23.

CA stock opened at $33.18 on Friday. The company has a market capitalization of $13,833.54, a PE ratio of 14.49, a price-to-earnings-growth ratio of 3.90 and a beta of 0.70. CA has a 12 month low of $30.45 and a 12 month high of $37.25. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Thursday, February 22nd were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Wednesday, February 21st. CA’s payout ratio is 44.54%.

In related news, EVP Jacob Lamm sold 77,610 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $36.77, for a total transaction of $2,853,719.70. Following the transaction, the executive vice president now owns 71,223 shares of the company’s stock, valued at $2,618,869.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lauren Patricia Flaherty sold 10,793 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $36.75, for a total transaction of $396,642.75. Following the transaction, the executive vice president now directly owns 71,123 shares in the company, valued at approximately $2,613,770.25. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC purchased a new position in CA during the third quarter worth approximately $101,000. Ffcm LLC raised its stake in CA by 1,808.7% during the fourth quarter. Ffcm LLC now owns 3,073 shares of the technology company’s stock worth $103,000 after purchasing an additional 2,912 shares during the period. Avestar Capital LLC purchased a new position in CA during the fourth quarter worth approximately $103,000. Captrust Financial Advisors purchased a new position in CA during the fourth quarter worth approximately $148,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in CA by 56.3% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock worth $210,000 after purchasing an additional 2,259 shares during the period. 67.89% of the stock is currently owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for CA (NASDAQ:CA)

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