CA Inc. (CA) Expected to Announce Earnings of $0.51 Per Share

Equities research analysts expect that CA Inc. (NASDAQ:CA) will report earnings of $0.51 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for CA’s earnings, with estimates ranging from $0.48 to $0.58. CA posted earnings of $0.59 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 13.6%. The company is scheduled to announce its next quarterly earnings results on Wednesday, July 26th.

On average, analysts expect that CA will report full year earnings of $2.18 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will post earnings of $2.29 per share, with EPS estimates ranging from $2.23 to $2.34. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for CA.

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

CA has been the topic of several recent analyst reports. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Evercore ISI lowered shares of CA from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. FIG Partners raised shares of CA to an “outperform” rating and lifted their price objective for the stock from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Jefferies Group LLC reissued a “buy” rating and set a $38.00 price objective on shares of CA in a research note on Friday, April 28th. Finally, DA Davidson lowered shares of CA from a “buy” rating to a “neutral” rating in a research note on Monday, April 10th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. CA has an average rating of “Hold” and an average target price of $35.25.

A number of hedge funds have recently made changes to their positions in CA. Park National Corp OH increased its stake 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. increased its stake 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. Alpha Windward LLC increased its stake 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. U S Global Investors Inc increased its stake in shares of CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after buying an additional 100 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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CA (NASDAQ:CA) traded down 1.414% during trading on Friday, hitting $31.715. 1,988,886 shares of the company traded hands. CA has a one year low of $30.01 and a one year high of $34.99. The firm has a market cap of $13.25 billion, a P/E ratio of 17.143 and a beta of 0.92. The firm has a 50 day moving average of $32.07 and a 200 day moving average of $32.08.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.02 annualized dividend and a yield of 3.17%. CA’s dividend payout ratio (DPR) 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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