$1.08 Billion in Sales Expected for CA, Inc. (CA) This Quarter

Equities research analysts expect CA, Inc. (NASDAQ:CA) to post sales of $1.08 billion for the current quarter, Zacks reports. Five analysts have made estimates for CA’s earnings, with the highest sales estimate coming in at $1.09 billion and the lowest estimate coming in at $1.06 billion. CA posted sales of $1.01 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, January 30th.

According to Zacks, analysts expect that CA will report full-year sales of $1.08 billion for the current financial year, with estimates ranging from $4.22 billion to $4.24 billion. For the next fiscal year, analysts forecast that the company will report sales of $4.34 billion per share, with estimates ranging from $4.28 billion to $4.42 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow CA.

CA (NASDAQ:CA) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.62 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. CA had a net margin of 17.83% and a return on equity of 15.74%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned $0.67 earnings per share. CA’s revenue for the quarter was up 1.6% on a year-over-year basis.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Zacks Investment Research downgraded shares of CA from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Barclays decreased their price target on shares of CA from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Mizuho reissued a “hold” rating and set a $34.00 price target on shares of CA in a research report on Wednesday, October 25th. Finally, KeyCorp reissued a “sector weight” rating on shares of CA in a research report on Sunday, September 17th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.70.

In other CA news, EVP Lauren Patricia Flaherty sold 24,843 shares of CA stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total value of $809,633.37. Following the completion of the transaction, the executive vice president now owns 82,000 shares of the company’s stock, valued at $2,672,380. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CA. Fieldpoint Private Securities LLC bought a new stake in CA in the third quarter valued at $101,000. Northwestern Mutual Wealth Management Co. lifted its stake in CA by 26.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after buying an additional 654 shares during the last quarter. D.A. Davidson & CO. lifted its stake in CA by 4.2% in the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after buying an additional 169 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of CA by 56.3% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock valued at $210,000 after purchasing an additional 2,259 shares in the last quarter. Finally, Sun Life Financial INC raised its stake in shares of CA by 3,772.8% during the second quarter. Sun Life Financial INC now owns 6,700 shares of the technology company’s stock valued at $231,000 after purchasing an additional 6,527 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Shares of CA (NASDAQ CA) opened at $34.09 on Friday. CA has a 1 year low of $30.45 and a 1 year high of $36.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $14,155.14, a P/E ratio of 15.51, a PEG ratio of 4.51 and a beta of 0.74.

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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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