Somewhat Positive Press Coverage Somewhat Unlikely to Impact CalAtlantic Group (CAA) Stock Price

News coverage about CalAtlantic Group (NYSE:CAA) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CalAtlantic Group earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the industrial goods maker an impact score of 45.5293503983729 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

CalAtlantic Group (CAA) opened at $52.71 on Friday. The firm has a market cap of $6,159.27, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80. CalAtlantic Group has a 52-week low of $32.47 and a 52-week high of $64.60.

CalAtlantic Group (NYSE:CAA) last released its earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.07). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. The firm’s revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. equities analysts expect that CalAtlantic Group will post 3.3 earnings per share for the current year.

A number of equities research analysts recently issued reports on CAA shares. Credit Suisse Group upgraded shares of CalAtlantic Group from an “underperform” rating to a “neutral” rating and set a $32.00 price objective for the company in a report on Tuesday, November 7th. Mizuho started coverage on shares of CalAtlantic Group in a report on Thursday, October 26th. They issued a “buy” rating and a $45.00 price objective for the company. Barclays upped their price objective on shares of CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Deutsche Bank cut shares of CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a report on Monday, November 20th. Finally, ValuEngine upgraded shares of CalAtlantic Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Fourteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. CalAtlantic Group presently has a consensus rating of “Hold” and an average target price of $53.60.

In other CalAtlantic Group news, EVP John Patrick Babel sold 12,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $52.48, for a total transaction of $629,760.00. Following the completion of the transaction, the executive vice president now owns 33,603 shares of the company’s stock, valued at approximately $1,763,485.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey Joseph Mccall sold 65,000 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $55.27, for a total transaction of $3,592,550.00. Following the transaction, the chief financial officer now directly owns 178,519 shares of the company’s stock, valued at approximately $9,866,745.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 283,206 shares of company stock valued at $14,970,977. Company insiders own 39.50% of the company’s stock.

WARNING: This news story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://sportsperspectives.com/2018/02/10/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-calatlantic-group-caa-stock-price.html.

About CalAtlantic Group

CalAtlantic Group, Inc is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.

Insider Buying and Selling by Quarter for CalAtlantic Group (NYSE:CAA)

Receive News & Ratings for CalAtlantic Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAtlantic Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply