CalAtlantic Group, Inc. Reports 2016 Second Quarter Results and Announces $500 Million Share Repurchase Program
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July 29, 2016 8:32 AM EDT
UBS reiterated a Neutral rating on CalAtlantic Group (NYSE: CAA), and raised the price target to $40.00 (from $35.00), following the company's 2Q earnings report. CalAtlantic reported EPS of $0.87, ahead of a $0.77 forecast. Unit orders declined 1% YOY vs. +8% forecast as the North's +25% partially offset the Southwest's -24%.... More
July 28, 2016 5:23 PM EDT
CalAtlantic Group (NYSE: CAA) reported Q2 EPS of $0.83, $0.09 better than the analyst estimate of $0.74. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.54 billion.
Larry Nicholson, President and Chief Executive Officer of CalAtlantic Group, Inc. commented, "The CalAtlantic team delivered a strong... More
