Equities research analysts predict that CalAtlantic Group Inc (NYSE:CAA) will announce $2.05 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for CalAtlantic Group’s earnings. The highest sales estimate is $2.14 billion and the lowest is $1.89 billion. CalAtlantic Group reported sales of $1.95 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The firm is scheduled to report its next earnings results on Wednesday, February 14th.

On average, analysts expect that CalAtlantic Group will report full year sales of $2.05 billion for the current fiscal year, with estimates ranging from $6.37 billion to $6.68 billion. For the next year, analysts anticipate that the firm will post sales of $7.26 billion per share, with estimates ranging from $6.84 billion to $7.61 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow CalAtlantic Group.

Several brokerages have recently weighed in on CAA. B. Riley reiterated a “neutral” rating on shares of CalAtlantic Group in a research report on Wednesday, November 1st. Zacks Investment Research raised CalAtlantic Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Tuesday, January 9th. MKM Partners lowered CalAtlantic Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 31st. Wedbush lowered CalAtlantic Group from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $41.00 to $51.00 in a research note on Tuesday, October 31st. Finally, UBS Group started coverage on CalAtlantic Group in a research note on Wednesday, October 25th. They set a “neutral” rating and a $42.00 price objective for the company. Fourteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $53.60.

Shares of CalAtlantic Group (NYSE CAA) traded up $0.41 during midday trading on Friday, hitting $53.12. The stock had a trading volume of 17,976,299 shares, compared to its average volume of 2,215,714. The stock has a market capitalization of $6,124.42, a PE ratio of 15.76, a PEG ratio of 1.40 and a beta of 1.45. CalAtlantic Group has a one year low of $33.56 and a one year high of $64.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.29 and a current ratio of 5.91.

In other CalAtlantic Group news, CFO Jeffrey Joseph Mccall sold 65,000 shares of CalAtlantic Group stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 178,519 shares of the company’s stock, valued at $9,866,745.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William L. Jews sold 7,482 shares of CalAtlantic Group stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $51.52, for a total value of $385,472.64. Following the sale, the director now directly owns 41,717 shares of the company’s stock, valued at approximately $2,149,259.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 183,206 shares of company stock valued at $9,776,977. Corporate insiders own 39.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAA. Donald Smith & CO. Inc. purchased a new position in shares of CalAtlantic Group in the third quarter worth about $64,178,000. Alpine Associates Management Inc. purchased a new position in shares of CalAtlantic Group in the fourth quarter worth about $53,417,000. JPMorgan Chase & Co. increased its holdings in shares of CalAtlantic Group by 283.8% in the third quarter. JPMorgan Chase & Co. now owns 1,189,005 shares of the industrial goods maker’s stock worth $43,054,000 after buying an additional 879,180 shares during the period. Water Island Capital LLC purchased a new position in shares of CalAtlantic Group in the fourth quarter worth about $26,764,000. Finally, P Schoenfeld Asset Management LP purchased a new position in shares of CalAtlantic Group in the fourth quarter worth about $21,208,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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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.

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