CalAtlantic Group (CAA) Receives Daily Media Impact Score of 0.11
Headlines about CalAtlantic Group (NYSE:CAA) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CalAtlantic Group earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 45.8091516373057 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
CalAtlantic Group (NYSE:CAA) opened at 34.95 on Friday. CalAtlantic Group has a 52-week low of $30.18 and a 52-week high of $38.63. The company’s 50 day moving average price is $34.89 and its 200 day moving average price is $36.13. The firm has a market cap of $3.85 billion, a PE ratio of 9.62 and a beta of 1.41.
CalAtlantic Group (NYSE:CAA) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). CalAtlantic Group had a return on equity of 11.40% and a net margin of 7.26%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business posted $0.83 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts predict that CalAtlantic Group will post $3.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.16 annualized dividend and a yield of 0.46%. CalAtlantic Group’s dividend payout ratio (DPR) is presently 4.46%.
A number of equities analysts recently issued reports on CAA shares. ValuEngine cut CalAtlantic Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada lifted their target price on CalAtlantic Group from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, June 7th. Wedbush restated an “outperform” rating and issued a $41.00 target price on shares of CalAtlantic Group in a report on Tuesday, June 6th. Bank of America Corporation cut CalAtlantic Group from a “buy” rating to a “neutral” rating in a report on Thursday, June 8th. Finally, BidaskClub upgraded CalAtlantic Group from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.89.
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In other news, CEO Larry T. Nicholson sold 9,004 shares of CalAtlantic Group stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $35.61, for a total value of $320,632.44. Following the completion of the sale, the chief executive officer now directly owns 611,733 shares in the company, valued at $21,783,812.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 39.50% of the stock is currently owned by insiders.
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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