CA Inc. (NASDAQ:CA) Given Price Target Of $31.666


As per CA Inc. (NASDAQ:CA)’s news release on 2016-08-04, its shareholders will get cash dividend of $0.255 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-25 and 2016-09-13, respectively.

The stock will commence trading ex-dividend from 2016-08-23, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year CA Inc. (NASDAQ:CA) disbursed $0.255 in dividend compared to distribution of $0.255, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated CA Inc. (NASDAQ:CA) to attain a price target of $31.666. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $38. The low price range is set at $24 for next year while the arithmetic mean is seen at 3.22.

Eyeing Earnings CA Inc. (NASDAQ:CA) is likely to post quarterly numbers around 2016-10-19 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.57 for the period ending on 2016-09-30.

In last quarter ended 2016-03-31, CA Inc. (NASDAQ:CA) earnings came at $0.59 suggesting a deviation of $0.03. The brokerages targeted EPS of $0.56 for the quarter.

Shares of the CA Inc. (NASDAQ:CA) traded in the range of $33.89 to $34.23 and closed the last trading session at $34.03 on a volume of ((Volume:238}}.

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