Analysts Expect CA Inc. (CA) Will Post Quarterly Sales of $996.02 Million

Brokerages predict that CA Inc. (NASDAQ:CA) will post $996.02 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for CA’s earnings. The lowest sales estimate is $983.00 million and the highest is $1.01 billion. CA posted sales of $999.00 million during the same quarter last year, which suggests a negative year over year growth rate of 0.3%. The company is expected to announce its next earnings report on Wednesday, July 26th.

On average, analysts expect that CA will report full year sales of $996.02 million for the current year, with estimates ranging from $4.13 billion to $4.15 billion. For the next financial year, analysts forecast that the firm will report sales of $4.23 billion per share, with estimates ranging from $4.19 billion to $4.27 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover CA.

CA (NASDAQ:CA) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share.

CA has been the subject of several research analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $38.00 price objective on shares of CA in a research note on Thursday, June 1st. DA Davidson restated a “neutral” rating and issued a $12.00 price objective on shares of CA in a research note on Friday, May 19th. FIG Partners upgraded shares of CA to an “outperform” rating and increased their target price for the stock from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Piper Jaffray Companies increased their target price on shares of CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of CA in a research note on Friday, May 12th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $35.25.

A number of large investors have recently made changes to their positions in CA. FMR LLC increased its stake in shares of CA by 0.5% in the fourth quarter. FMR LLC now owns 119,299 shares of the technology company’s stock worth $3,790,000 after buying an additional 621 shares during the last quarter. TCW Group Inc. increased its stake in shares of CA by 66.2% in the fourth quarter. TCW Group Inc. now owns 38,547 shares of the technology company’s stock worth $1,225,000 after buying an additional 15,347 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of CA by 3.9% in the fourth quarter. Baird Financial Group Inc. now owns 42,975 shares of the technology company’s stock worth $1,365,000 after buying an additional 1,623 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CA by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,350,520 shares of the technology company’s stock worth $170,004,000 after buying an additional 22,777 shares during the last quarter. Finally, Prudential PLC purchased a new stake in shares of CA during the fourth quarter worth approximately $696,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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Shares of CA (CA) traded down 1.40% during mid-day trading on Friday, reaching $31.72. The company’s stock had a trading volume of 1,987,886 shares. The firm’s 50-day moving average price is $32.07 and its 200 day moving average price is $32.08. CA has a 12-month low of $30.01 and a 12-month high of $34.99. The firm has a market cap of $13.25 billion, a P/E ratio of 17.15 and a beta of 0.92.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Thursday, May 25th were given a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 dividend on an annualized basis and a yield of 3.17%. CA’s payout ratio is currently 55.14%.

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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