News stories about CalAtlantic Group (NYSE:CAA) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CalAtlantic Group earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media headlines about the industrial goods maker an impact score of 45.4079960579122 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

CalAtlantic Group (CAA) opened at $55.68 on Friday. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80. CalAtlantic Group has a twelve month low of $31.99 and a twelve month high of $56.32. The stock has a market capitalization of $6,180.00 and a PE ratio of 16.22.

CalAtlantic Group (NYSE:CAA) last released its quarterly earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.07). The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.55 billion. CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. analysts expect that CalAtlantic Group will post 3.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 30th. Investors of record on Friday, December 15th will be given a $0.04 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.29%. CalAtlantic Group’s payout ratio is currently 4.75%.

Several brokerages have issued reports on CAA. Barclays raised their price objective on CalAtlantic Group from $35.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. B. Riley reaffirmed a “neutral” rating on shares of CalAtlantic Group in a report on Wednesday, November 1st. MKM Partners lowered CalAtlantic Group from a “buy” rating to a “neutral” rating in a report on Tuesday, October 31st. KeyCorp reissued a “hold” rating on shares of CalAtlantic Group in a report on Friday, August 25th. Finally, Mizuho initiated coverage on CalAtlantic Group in a report on Thursday, October 26th. They set a “buy” rating and a $45.00 price target on the stock. Fifteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.11.

In related news, Director William L. Jews sold 7,482 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $51.52, for a total value of $385,472.64. Following the completion of the sale, the director now owns 41,717 shares in the company, valued at $2,149,259.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Larry T. Nicholson sold 78,342 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $52.55, for a total transaction of $4,116,872.10. Following the completion of the sale, the chief executive officer now owns 693,033 shares of the company’s stock, valued at approximately $36,418,884.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 235,239 shares of company stock valued at $11,991,615. 39.50% of the stock is owned by insiders.

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About CalAtlantic Group

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