CA Technologies (NASDAQ:CA) – Equities researchers at Oppenheimer issued their Q1 2019 earnings estimates for CA Technologies in a research note issued to investors on Wednesday, May 9th. Oppenheimer analyst S. Eyal expects that the technology company will earn $0.62 per share for the quarter. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for CA Technologies’ Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.62 EPS and FY2020 earnings at $2.68 EPS.
Get CA Technologies alerts:
CA Technologies (NASDAQ:CA) last released its earnings results on Tuesday, May 8th. The technology company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. CA Technologies had a return on equity of 16.89% and a net margin of 11.24%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm posted $0.54 EPS. CA Technologies’s revenue for the quarter was up 7.0% on a year-over-year basis.
CA has been the subject of several other reports. Evercore ISI reissued a “sell” rating and set a $36.00 target price on shares of CA Technologies in a research note on Friday, February 2nd. Zacks Investment Research raised CA Technologies from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, February 2nd. BidaskClub cut CA Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, March 15th. Credit Suisse Group reaffirmed a “hold” rating and set a $36.00 price target on shares of CA Technologies in a report on Tuesday, March 20th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $41.00 price target on shares of CA Technologies in a report on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. CA Technologies presently has an average rating of “Hold” and a consensus price target of $32.02.
CA Technologies traded up $0.32, hitting $35.42, on Friday, according to MarketBeat.com. 92,324 shares of the company were exchanged, compared to its average volume of 2,088,657. CA Technologies has a twelve month low of $34.78 and a twelve month high of $35.42. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 4.04 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.33 and a quick ratio of 1.24.
Several institutional investors have recently bought and sold shares of the company. Ffcm LLC raised its stake in CA Technologies by 1,808.7% during the 4th quarter. Ffcm LLC now owns 3,073 shares of the technology company’s stock valued at $103,000 after acquiring an additional 2,912 shares during the last quarter. Avestar Capital LLC purchased a new stake in CA Technologies during the 4th quarter valued at approximately $103,000. Captrust Financial Advisors purchased a new stake in CA Technologies during the 4th quarter valued at approximately $148,000. Capital One National Association purchased a new stake in CA Technologies during the 4th quarter valued at approximately $219,000. Finally, Zeke Capital Advisors LLC purchased a new stake in CA Technologies during the 1st quarter valued at approximately $237,000. 69.47% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Jacob Lamm sold 77,610 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $36.77, for a total value of $2,853,719.70. Following the completion of the sale, the executive vice president now directly owns 71,223 shares of the company’s stock, valued at approximately $2,618,869.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lauren Patricia Flaherty sold 10,793 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $36.75, for a total value of $396,642.75. Following the completion of the sale, the executive vice president now directly owns 71,123 shares of the company’s stock, valued at $2,613,770.25. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Thursday, May 17th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Wednesday, May 16th. CA Technologies’s dividend payout ratio (DPR) is 43.97%.
CA Technologies Company Profile
CA, Inc provides software and solutions that help organizations to plan, develop, manage, and secure applications and enterprise environments in the United States and internationally. The company operates through three segments: Enterprise Solutions, Mainframe Solutions, and Services. The Mainframe Solutions segment offers DevOps solutions and tools for development, testing, and deployment that support collaboration across the software development lifecycle and mobile to mainframe teams; operations intelligence and automation solutions; and security and compliance solutions.