Somewhat Positive News Coverage Somewhat Unlikely to Impact CA (CA) Stock Price
News stories about CA (NASDAQ:CA) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CA earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.1118174955859 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- Canadian Health Inc – Kamagra Oral Jelly Hoe Gebruik Je Het (healthcare-economist.com)
- Contract with Elite Landscape Construction, Inc. in the Amount of $1,047,550 for the Crestmoor Neighborhood Reconstruction – (patch.com)
- Canadian Health Inc – Cialis 20 Mg Kullanımı (healthcare-economist.com)
- Canadian Health Inc – Medicine Online Sale (healthcare-economist.com)
- Zacks: Brokerages Anticipate CA Inc. (CA) Will Announce Quarterly Sales of $1.05 Billion (americanbankingnews.com)
Shares of CA (NASDAQ:CA) opened at 32.37 on Monday. CA has a one year low of $30.01 and a one year high of $36.54. The firm has a market capitalization of $13.64 billion, a P/E ratio of 17.98 and a beta of 0.86. The firm’s 50-day moving average is $33.21 and its 200 day moving average is $32.45.
CA (NASDAQ:CA) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. CA’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts predict that CA will post $2.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, August 22nd. CA’s payout ratio is 56.67%.
A number of research firms have issued reports on CA. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Sanford C. Bernstein restated an “underperform” rating and set a $28.00 target price on shares of CA in a research report on Wednesday, June 28th. Citigroup Inc. upped their target price on shares of CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, June 28th. Zacks Investment Research downgraded shares of CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. CA has an average rating of “Hold” and a consensus price target of $35.09.
In other news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the transaction, the insider now directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ayman Sayed sold 12,920 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $32.19, for a total value of $415,894.80. Following the completion of the sale, the insider now directly owns 114,422 shares of the company’s stock, valued at $3,683,244.18. The disclosure for this sale can be found here. Insiders have sold 228,666 shares of company stock worth $7,481,319 over the last ninety days. 0.90% of the stock is owned by insiders.
CA Company Profile
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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