Brokerages expect CalAtlantic Group, Inc. (NYSE:CAA) to post earnings per share of $0.79 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for CalAtlantic Group’s earnings, with estimates ranging from $0.71 to $0.93. CalAtlantic Group reported earnings of $0.97 per share during the same quarter last year, which indicates a negative year over year growth rate of 18.6%. The company is scheduled to issue its next earnings results after the market closes on Thursday, November 9th.

On average, analysts expect that CalAtlantic Group will report full year earnings of $3.45 per share for the current financial year, with EPS estimates ranging from $3.39 to $3.55. For the next year, analysts forecast that the business will post earnings of $4.13 per share, with EPS estimates ranging from $3.89 to $4.41. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for CalAtlantic Group.

Several equities research analysts have recently commented on the stock. JMP Securities upgraded shares of CalAtlantic Group from a “market perform” rating to an “outperform” rating and set a $44.00 price target for the company in a report on Friday, July 21st. Wedbush restated an “ourperform” rating and issued a $41.00 price target on shares of CalAtlantic Group in a report on Monday, July 31st. MKM Partners lowered shares of CalAtlantic Group from a “buy” rating to a “neutral” rating in a report on Tuesday, October 31st. KeyCorp restated a “hold” rating on shares of CalAtlantic Group in a report on Friday, August 25th. Finally, Barclays PLC upgraded shares of CalAtlantic Group from an “underweight” rating to an “equal weight” rating and set a $35.00 price target for the company in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.30.

In related news, CEO Larry T. Nicholson sold 17,033 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $36.00, for a total transaction of $613,188.00. Following the completion of the transaction, the chief executive officer now owns 594,600 shares in the company, valued at approximately $21,405,600. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 39.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. bought a new position in shares of CalAtlantic Group during the 2nd quarter worth approximately $138,000. Canada Pension Plan Investment Board acquired a new position in CalAtlantic Group during the 2nd quarter valued at approximately $154,000. Riverhead Capital Management LLC increased its stake in CalAtlantic Group by 71.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,387 shares of the construction company’s stock valued at $155,000 after purchasing an additional 1,827 shares in the last quarter. LS Investment Advisors LLC increased its stake in CalAtlantic Group by 16.4% during the 2nd quarter. LS Investment Advisors LLC now owns 6,095 shares of the construction company’s stock valued at $215,000 after purchasing an additional 859 shares in the last quarter. Finally, Sciencast Management LP acquired a new position in CalAtlantic Group during the 2nd quarter valued at approximately $222,000.

CalAtlantic Group (CAA) traded up $1.11 during trading hours on Monday, hitting $49.20. The stock had a trading volume of 975,063 shares, compared to its average volume of 2,609,426. The company has a quick ratio of 0.51, a current ratio of 8.12 and a debt-to-equity ratio of 0.88. The company has a market cap of $5,362.04, a P/E ratio of 13.36, a PEG ratio of 1.69 and a beta of 1.54.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 30th. Investors of record on Friday, December 15th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.33%. CalAtlantic Group’s dividend payout ratio (DPR) is presently 4.46%.

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CalAtlantic Group Company Profile

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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Earnings History and Estimates for CalAtlantic Group (NYSE:CAA)

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