CA (CA) Issues Quarterly Earnings Results
CA (NASDAQ:CA) announced its quarterly earnings results on Tuesday. The technology company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.20, Bloomberg Earnings reports. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. CA had a net margin of 17.79% and a return on equity of 12.30%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 EPS. CA updated its FY18 guidance to $2.54-2.60 EPS.
Shares of CA (NASDAQ CA) traded up $0.33 during trading on Wednesday, hitting $35.88. 2,416,263 shares of the company traded hands, compared to its average volume of 2,247,715. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $14,916.89, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 4.75 and a beta of 0.74. CA has a 52 week low of $30.45 and a 52 week high of $36.56.
Several brokerages have commented on CA. Oppenheimer restated a “hold” rating on shares of CA in a report on Wednesday. Credit Suisse Group upped their price objective on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday. BidaskClub upgraded shares of CA from a “sell” rating to a “hold” rating in a report on Friday, January 26th. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Barclays decreased their price objective on shares of CA from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. CA currently has an average rating of “Hold” and a consensus price target of $33.44.
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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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