CalAtlantic Group (CAA) Given Daily News Impact Score of 0.05
News articles about CalAtlantic Group (NYSE:CAA) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CalAtlantic Group earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the industrial goods maker an impact score of 47.0696047139139 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- Mizuho Lowers CalAtlantic Group, Inc. (CAA) to Neutral (americanbankingnews.com)
- Wedbush Weighs in on CalAtlantic Group, Inc.’s Q2 2018 Earnings (CAA) (americanbankingnews.com)
- CalAtlantic Group, Inc. (CAA) Price Target Raised to $55.00 (americanbankingnews.com)
- Q4 2017 Earnings Estimate for CalAtlantic Group, Inc. (CAA) Issued By Wedbush (americanbankingnews.com)
- CalAtlantic Homes Brings Master-Planned Living To Benbrook With Debut Of Ventana In Fort Worth, TX (finance.yahoo.com)
Shares of CalAtlantic Group (NYSE:CAA) traded down $0.15 on Monday, hitting $51.97. 2,863,600 shares of the stock traded hands, compared to its average volume of 1,239,386. CalAtlantic Group has a 52 week low of $31.19 and a 52 week high of $52.73.
CalAtlantic Group (NYSE:CAA) last issued its quarterly earnings data on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.07). The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. CalAtlantic Group had a negative net margin of 304.23% and a negative return on equity of 20.15%. CalAtlantic Group’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Friday, December 15th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Thursday, December 14th. CalAtlantic Group’s payout ratio is presently -7.17%.
Several research analysts recently commented on the stock. B. Riley restated a “neutral” rating on shares of CalAtlantic Group in a report on Wednesday, November 1st. UBS AG increased their target price on shares of CalAtlantic Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday. Wedbush cut shares of CalAtlantic Group from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $41.00 to $51.00 in a report on Tuesday, October 31st. Barclays PLC increased their target price on shares of CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, MKM Partners cut shares of CalAtlantic Group from a “buy” rating to a “neutral” rating in a report on Tuesday, October 31st. Fourteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. CalAtlantic Group presently has a consensus rating of “Hold” and a consensus target price of $44.50.
In other news, CEO Larry T. Nicholson sold 17,033 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $36.00, for a total value of $613,188.00. Following the transaction, the chief executive officer now directly owns 594,600 shares of the company’s stock, valued at $21,405,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
About CalAtlantic Group
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