Equities analysts expect that CA Inc. (NASDAQ:CA) will announce sales of $1.05 billion for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for CA’s earnings, with estimates ranging from $1.04 billion to $1.06 billion. CA reported sales of $1.02 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The business is expected to announce its next 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 financial year, with estimates ranging from $4.20 billion to $4.21 billion. For the next year, analysts anticipate that the company will post sales of $4.29 billion per share, with estimates ranging from $4.24 billion to $4.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover CA.
CA (NASDAQ:CA) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $0.64 EPS. CA’s revenue was up 2.6% compared to the same quarter last year.
Several equities analysts recently issued reports on the stock. BidaskClub raised shares of CA from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Sanford C. Bernstein restated an “underperform” rating and issued a $28.00 target price on shares of CA in a research note on Wednesday, June 28th. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a research note on Tuesday, July 11th. Finally, KeyCorp reiterated a “sector weight” rating on shares of CA in a research note on Sunday, September 17th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.88.
In other news, insider Adam Elster sold 166,621 shares of CA stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the sale, the insider now directly owns 251,356 shares in the company, valued at $8,108,744.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the insider now owns 285,652 shares of the company’s stock, valued at $9,535,063.76. The disclosure for this sale can be found here. Insiders sold a total of 286,056 shares of company stock valued at $9,330,507 in the last quarter. Insiders own 0.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its position in shares of CA by 3.4% during the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock worth $106,000 after purchasing an additional 107 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of CA by 26.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after buying an additional 654 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after buying an additional 3,126 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of CA by 4.2% in the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after buying an additional 169 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in shares of CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after buying an additional 319 shares during the last quarter. 67.49% of the stock is currently owned by institutional investors and hedge funds.
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Shares of CA (NASDAQ CA) traded down 0.36% on Friday, reaching $33.59. The company had a trading volume of 1,594,706 shares. The stock’s 50 day moving average is $33.25 and its 200 day moving average is $32.77. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 18.66 and a beta of 0.83.
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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