Brokerages Expect CA, Inc. (CA) to Post $0.60 EPS

Equities analysts predict that CA, Inc. (NASDAQ:CA) will announce earnings per share (EPS) of $0.60 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for CA’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.66. CA reported earnings per share of $0.54 in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The business is expected to report its next earnings report after the market closes on Tuesday, May 8th.

According to Zacks, analysts expect that CA will report full-year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.57 to $2.65. For the next fiscal year, analysts anticipate that the company will report earnings of $2.77 per share, with EPS estimates ranging from $2.70 to $2.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for CA.

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CA (NASDAQ:CA) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.20. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. CA had a net margin of 10.23% and a return on equity of 16.52%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS.

Several research firms recently commented on CA. BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Credit Suisse Group raised their price target on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Oppenheimer restated a “hold” rating on shares of CA in a report on Wednesday, January 31st. Barclays raised their price target on shares of CA from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Finally, Jefferies Group restated a “buy” rating and issued a $41.00 price target on shares of CA in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. CA currently has a consensus rating of “Hold” and a consensus price target of $33.46.

In other CA news, EVP Jacob Lamm sold 77,610 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $36.77, for a total value of $2,853,719.70. Following the completion of the sale, the executive vice president now owns 71,223 shares of the company’s stock, valued at $2,618,869.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lauren Patricia Flaherty sold 10,793 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $36.75, for a total transaction of $396,642.75. Following the completion of the sale, the executive vice president now directly owns 71,123 shares of the company’s stock, valued at approximately $2,613,770.25. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Ffcm LLC lifted its stake in CA by 1,808.7% during the fourth quarter. Ffcm LLC now owns 3,073 shares of the technology company’s stock worth $103,000 after purchasing an additional 2,912 shares during the last quarter. Avestar Capital LLC bought a new position in CA during the fourth quarter worth $103,000. Captrust Financial Advisors bought a new position in CA during the fourth quarter worth $148,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in CA by 56.3% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock worth $210,000 after purchasing an additional 2,259 shares during the last quarter. Finally, Capital One National Association bought a new position in CA during the fourth quarter worth $219,000. 67.93% of the stock is owned by institutional investors and hedge funds.

Shares of CA stock opened at $34.50 on Monday. The stock has a market cap of $14,467.27, a PE ratio of 15.15, a P/E/G ratio of 4.08 and a beta of 0.70. CA has a 1-year low of $30.45 and a 1-year high of $37.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24.

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About CA

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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Earnings History and Estimates for CA (NASDAQ:CA)

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