CA (CA) Receiving Somewhat Favorable News Coverage, Analysis Shows
Media coverage about CA (NASDAQ:CA) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CA earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.5330091007027 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Will Apple, Inc. Hit Its Guidance After All? (billingsgazette.com)
- Incapta, Inc. Launches New Website Allowing Viewers Access to News, Entertainment, and Videos They Won’t See Via Main Stream Media Outlets (baystreet.ca)
- CA Inc. (CA) Cut to “Strong Sell” at BidaskClub (americanbankingnews.com)
- eBay Inc. (EBAY) Swings on Assorted Ratio Analysis – CA, Inc. (CA) – Investing News Update (investingbizz.com)
- SGN Relies on CA Technologies to Secure its Digital Transformation Strategy (finance.yahoo.com)
Several equities research analysts have recently issued reports on the company. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $28.00 target price on shares of CA in a report on Wednesday, June 28th. Citigroup Inc. lifted their target price on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, June 28th. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub cut CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. CA presently has an average rating of “Hold” and a consensus price target of $34.88.
CA (NASDAQ CA) opened at 32.68 on Friday. The company has a market cap of $13.77 billion, a PE ratio of 18.16 and a beta of 0.82. The stock’s 50 day moving average price is $32.62 and its 200-day moving average price is $32.62. CA has a 1-year low of $30.01 and a 1-year high of $36.54.
CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $0.64 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, analysts forecast that CA will post $2.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.12%. CA’s dividend payout ratio is currently 56.67%.
In other news, insider Michael P. Gregoire sold 71,235 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $33.38, for a total transaction of $2,377,824.30. Following the completion of the sale, the insider now owns 285,652 shares in the company, valued at approximately $9,535,063.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Elster sold 166,621 shares of the firm’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 sale, the insider now owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold a total of 286,056 shares of company stock valued at $9,330,507 in the last 90 days. Insiders own 0.90% of the company’s stock.
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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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