Equities research analysts expect CA, Inc. (NASDAQ:CA) to report sales of $1.05 billion for the current quarter, according to Zacks. Four analysts have provided estimates for CA’s earnings, with the lowest sales estimate coming in at $1.05 billion and the highest estimate coming in at $1.06 billion. CA reported sales of $1.03 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The company is scheduled to issue its next quarterly earnings report 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 fiscal year, analysts forecast that the business will post sales of $4.33 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover CA.

CA (NASDAQ:CA) last posted 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 net margin of 11.19% and a return on equity of 15.11%. The firm had revenue of $938.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year.

Several research analysts recently issued reports on the stock. BidaskClub raised shares of CA from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Argus lowered shares of CA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Jefferies Financial Group lowered shares of CA from a “buy” rating to a “hold” rating and set a $38.00 target price on the stock. in a research note on Tuesday, July 17th. Finally, TheStreet lowered shares of CA from an “a-” rating to a “c” rating in a research note on Wednesday, July 11th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $38.07.

Shares of NASDAQ:CA traded up $0.17 during trading on Friday, reaching $43.98. The stock had a trading volume of 551,161 shares, compared to its average volume of 3,766,427. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.21 and a current ratio of 2.21. CA has a 52 week low of $31.45 and a 52 week high of $44.25. The firm has a market cap of $18.46 billion, a P/E ratio of 18.88, a P/E/G ratio of 3.82 and a beta of 0.84.

In other CA news, insider Ayman Sayed sold 18,693 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $43.27, for a total value of $808,846.11. Following the transaction, the insider now directly owns 89,514 shares of the company’s stock, valued at $3,873,270.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 67,673 shares of company stock worth $2,934,811 over the last ninety days. Insiders own 0.87% of the company’s stock.

Several hedge funds have recently made changes to their positions in CA. Xact Kapitalforvaltning AB boosted its position in CA by 4.6% during the first quarter. Xact Kapitalforvaltning AB now owns 72,768 shares of the technology company’s stock worth $2,467,000 after purchasing an additional 3,170 shares during the period. DnB Asset Management AS boosted its position in CA by 5.4% during the second quarter. DnB Asset Management AS now owns 40,894 shares of the technology company’s stock worth $1,458,000 after purchasing an additional 2,100 shares during the period. IFM Investors Pty Ltd boosted its position in CA by 18.9% during the second quarter. IFM Investors Pty Ltd now owns 18,232 shares of the technology company’s stock worth $650,000 after purchasing an additional 2,893 shares during the period. CENTRAL TRUST Co boosted its position in CA by 115.1% during the second quarter. CENTRAL TRUST Co now owns 13,623 shares of the technology company’s stock worth $486,000 after purchasing an additional 7,290 shares during the period. Finally, Hexavest Inc. bought a new position in CA during the second quarter worth about $33,372,000. Institutional investors own 69.87% of the company’s stock.

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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