Analysts forecast that CA, Inc. (NASDAQ:CA) will report $1.05 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for CA’s earnings. The highest sales estimate is $1.06 billion and the lowest is $1.05 billion. CA reported sales of $1.03 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that CA will report full year sales of $4.26 billion for the current year, with estimates ranging from $4.22 billion to $4.29 billion. For the next year, analysts expect that the business will post sales of $4.33 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow CA.

CA (NASDAQ:CA) last announced its quarterly earnings data on Monday, August 6th. The technology company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.14). CA had a return on equity of 15.11% and a net margin of 11.19%. The business had revenue of $938.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The company’s revenue was down 8.5% compared to the same quarter last year.

Several brokerages have recently issued reports on CA. BidaskClub upgraded CA from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. TheStreet lowered CA from an “a-” rating to a “c” rating in a report on Wednesday, July 11th. Evercore ISI upgraded CA from an “underperform” rating to an “in-line” rating and set a $44.50 price target for the company in a report on Thursday, July 12th. Finally, Sanford C. Bernstein upgraded CA from an “underperform” rating to a “market perform” rating and set a $19.00 price target for the company in a report on Thursday, July 12th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.07.

Shares of CA stock opened at $43.70 on Friday. The stock has a market cap of $18.46 billion, a PE ratio of 18.84, a PEG ratio of 3.82 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.21 and a quick ratio of 2.21. CA has a 52-week low of $31.45 and a 52-week high of $44.25.

In other news, insider Ayman Sayed sold 14,418 shares of CA stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $43.56, for a total transaction of $628,048.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 67,673 shares of company stock worth $2,934,811 in the last three months. 0.87% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in CA. Bank of Montreal Can boosted its stake in CA by 214.8% in the 3rd quarter. Bank of Montreal Can now owns 1,266,014 shares of the technology company’s stock valued at $55,893,000 after buying an additional 863,905 shares in the last quarter. Hexavest Inc. boosted its stake in CA by 219.4% in the 3rd quarter. Hexavest Inc. now owns 2,989,999 shares of the technology company’s stock valued at $132,008,000 after buying an additional 2,053,910 shares in the last quarter. Lourd Capital LLC acquired a new stake in CA in the 3rd quarter valued at $207,000. United Services Automobile Association boosted its stake in CA by 13.5% in the 2nd quarter. United Services Automobile Association now owns 416,182 shares of the technology company’s stock valued at $14,837,000 after buying an additional 49,396 shares in the last quarter. Finally, Royal London Asset Management Ltd. acquired a new stake in CA in the 2nd quarter valued at $4,977,000. 69.87% of the stock is currently owned by institutional investors.

CA Company Profile

CA, Inc, together with its subsidiaries, develops, markets, delivers, and licenses software products and services in the United States and internationally. It operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment offers solutions for the IBM z Systems platform, which runs various mission critical business applications.

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Earnings History and Estimates for CA (NASDAQ:CA)

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