CalAtlantic Group (CAA) Earning Somewhat Favorable Media Coverage, Analysis Shows
News articles about CalAtlantic Group (NYSE:CAA) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CalAtlantic Group earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the industrial goods maker an impact score of 45.5513330503604 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Looking Under the Hood of These Stocks CalAtlantic Group, Inc. (NYSE:CAA), Motorola Solutions, Inc. (NYSE:MSI) – Clawson News (clawsonnews.com)
- Zacks: Analysts Expect CalAtlantic Group Inc (CAA) Will Post Quarterly Sales of $2.12 Billion (americanbankingnews.com)
- CalAtlantic Group, Inc. : CAA-US: Dividend Analysis : December 15th, 2017 (record date) : By the numbers : December 20, 2017 (finance.yahoo.com)
- Technical Facts tell us that more about the CalAtlantic Group, Inc. (CAA) – Wall Street Morning (wallstreetmorning.com)
- CalAtlantic Group Inc (CAA) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
CalAtlantic Group (CAA) traded up $0.26 during trading hours on Friday, reaching $57.10. The company had a trading volume of 957,295 shares, compared to its average volume of 1,300,720. CalAtlantic Group has a fifty-two week low of $32.47 and a fifty-two week high of $57.32. The firm has a market capitalization of $6,310.00 and a price-to-earnings ratio of 16.94. The company has a quick ratio of 0.29, a current ratio of 5.91 and a debt-to-equity ratio of 0.80.
CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.07). CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. sell-side analysts anticipate that CalAtlantic Group will post 3.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Thursday, December 14th. CalAtlantic Group’s payout ratio is 4.75%.
A number of research analysts recently commented on CAA shares. KeyCorp restated a “hold” rating on shares of CalAtlantic Group in a research report on Friday, August 25th. ValuEngine cut CalAtlantic Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. UBS initiated coverage on CalAtlantic Group in a research report on Wednesday, October 25th. They issued a “neutral” rating and a $42.00 price target on the stock. Mizuho initiated coverage on CalAtlantic Group in a research note on Thursday, October 26th. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, JMP Securities lowered CalAtlantic Group from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.11.
In related news, CFO Jeffrey Joseph Mccall sold 65,000 shares of CalAtlantic Group stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $55.27, for a total value of $3,592,550.00. Following the transaction, the chief financial officer now directly owns 178,519 shares of the company’s stock, valued at $9,866,745.13. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John Patrick Babel sold 12,000 shares of CalAtlantic Group stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $52.48, for a total value of $629,760.00. Following the completion of the transaction, the executive vice president now directly owns 33,603 shares in the company, valued at $1,763,485.44. The disclosure for this sale can be found here. Insiders have sold 300,239 shares of company stock worth $15,584,165 over the last three months. Insiders own 39.50% 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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