CalAtlantic Group (CAA) Earning Somewhat Positive Press Coverage, Accern Reports
Media stories about CalAtlantic Group (NYSE:CAA) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public 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 0.09 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 46.2984037758884 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- CalAtlantic Homes Announces Grand Opening Of Silver Grove, Stunning New … (prnewswire.com)
- CalAtlantic Group, Inc. : CAA-US: Dividend Analysis : September 15th, 2017 (record date) : By the numbers : October 6, 2017 (finance.yahoo.com)
- CalAtlantic Homes Announces Grand Opening Of Silver Grove, Stunning New Townhome Community In Cary, NC (finance.yahoo.com)
- CalAtlantic Group, Inc. (CAA) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
Several research firms have recently weighed in on CAA. ValuEngine raised shares of CalAtlantic Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of CalAtlantic Group in a report on Friday, August 25th. Wedbush reaffirmed an “ourperform” rating and issued a $41.00 price target on shares of CalAtlantic Group in a report on Monday, July 31st. JMP Securities raised shares of CalAtlantic Group from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Friday, July 21st. Finally, Barclays PLC raised shares of CalAtlantic Group from an “underweight” rating to an “equal weight” rating and set a $35.00 price target on the stock in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $40.00.
CalAtlantic Group (NYSE:CAA) opened at 37.96 on Tuesday. CalAtlantic Group has a 1-year low of $30.18 and a 1-year high of $38.63. The company has a 50-day moving average price of $35.37 and a 200-day moving average price of $36.08. The company has a market cap of $4.18 billion, a PE ratio of 10.45 and a beta of 1.42.
CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings results on Thursday, July 27th. The construction company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.61 billion. CalAtlantic Group had a return on equity of 11.40% and a net margin of 7.26%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. On average, analysts expect that CalAtlantic Group will post $3.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.42%. The ex-dividend date was Thursday, September 14th. CalAtlantic Group’s payout ratio is currently 4.46%.
In other CalAtlantic Group news, CEO Larry T. Nicholson sold 17,033 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $36.00, for a total value of $613,188.00. Following the sale, the chief executive officer now owns 594,600 shares in the company, valued at approximately $21,405,600. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 39.50% of the stock is owned by insiders.
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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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