Equities analysts expect CA Inc. (NASDAQ:CA) to post sales of $1.04 billion for the current quarter, according to Zacks. Five analysts have issued estimates for CA’s earnings. The lowest sales estimate is $1.03 billion and the highest is $1.05 billion. CA posted sales of $1.02 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The business is expected to announce its next earnings results on Thursday, October 26th.
On average, analysts expect that CA will report full-year sales of $1.04 billion for the current fiscal year, with estimates ranging from $4.14 billion to $4.15 billion. For the next year, analysts forecast that the firm will report sales of $4.23 billion per share, with estimates ranging from $4.19 billion to $4.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of 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 for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis.
Several brokerages have recently commented on CA. Citigroup Inc. reaffirmed a “neutral” rating and set a $34.00 price objective (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Zacks Investment Research downgraded shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson reaffirmed a “neutral” rating and set a $12.00 price objective on shares of CA in a research report on Friday, May 19th. BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.09.
In other CA news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the transaction, the insider now directly owns 168,455 shares in the company, valued at approximately $6,000,367.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of CA. Park National Corp OH boosted its position in shares of CA by 0.3% in the first quarter. Park National Corp OH now owns 8,885 shares of the technology company’s stock valued at $282,000 after buying an additional 28 shares during the period. Cleararc Capital Inc. boosted its position in shares of CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after buying an additional 32 shares during the period. Hefty Wealth Partners boosted its position in shares of CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock valued at $183,000 after buying an additional 32 shares during the period. Alpha Windward LLC boosted its position in shares of CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock valued at $294,000 after buying an additional 61 shares during the period. Finally, Advisor Partners LLC boosted its position in shares of CA by 0.9% in the second quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock valued at $253,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 70.67% of the company’s stock.
Shares of CA (NASDAQ CA) traded up 0.44% on Monday, reaching $31.99. 2,237,697 shares of the company’s stock were exchanged. The stock has a market cap of $13.28 billion, a P/E ratio of 17.77 and a beta of 0.86. The company’s 50 day moving average price is $33.70 and its 200-day moving average price is $32.45. CA has a 52-week low of $30.01 and a 52-week high of $36.54.
ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Anticipate CA Inc. (NASDAQ:CA) Will Announce Quarterly Sales of $1.04 Billion” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://stocknewstimes.com/2017/08/06/zacks-analysts-anticipate-ca-inc-nasdaqca-will-announce-quarterly-sales-of-1-04-billion.html.
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.
Get a free copy of the Zacks research report on CA (CA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
