Wall Street analysts expect Cae Inc (NYSE:CAE) (TSE:CAE) to report earnings per share (EPS) of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for CAE’s earnings. CAE reported earnings of $0.22 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 22.7%. The firm is expected to report its next earnings results on Friday, February 14th.
On average, analysts expect that CAE will report full year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $1.01 to $1.06. For the next fiscal year, analysts forecast that the company will post earnings of $1.16 per share, with EPS estimates ranging from $1.14 to $1.18. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover CAE.
CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Wednesday, November 13th. The aerospace company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.09. CAE had a return on equity of 14.44% and a net margin of 9.41%. The firm had revenue of $896.80 million for the quarter, compared to analysts’ expectations of $850.51 million. During the same period last year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis.
CAE has been the subject of a number of research analyst reports. ValuEngine downgraded CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. TD Securities lifted their target price on shares of CAE from $34.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Raymond James reissued a “hold” rating on shares of CAE in a research report on Friday, August 16th. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Monday, October 21st. Finally, Scotiabank upgraded CAE from a “sector perform” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, August 30th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. CAE has a consensus rating of “Hold” and a consensus target price of $34.20.
Shares of NYSE:CAE traded up $0.26 during trading hours on Friday, hitting $26.29. The stock had a trading volume of 254,180 shares, compared to its average volume of 195,929. The stock’s fifty day simple moving average is $25.89 and its 200 day simple moving average is $26.00. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.84 and a current ratio of 1.18. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 2.62 and a beta of 0.81. CAE has a 1-year low of $17.82 and a 1-year high of $28.03.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.084 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from CAE’s previous quarterly dividend of $0.08. CAE’s dividend payout ratio is 34.74%.
Several large investors have recently bought and sold shares of CAE. Parallel Advisors LLC lifted its stake in CAE by 33.7% in the 2nd quarter. Parallel Advisors LLC now owns 5,362 shares of the aerospace company’s stock valued at $144,000 after purchasing an additional 1,353 shares during the last quarter. First Bank & Trust increased its position in CAE by 22.2% during the 2nd quarter. First Bank & Trust now owns 6,776 shares of the aerospace company’s stock worth $182,000 after buying an additional 1,229 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in CAE by 32.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,227 shares of the aerospace company’s stock worth $194,000 after acquiring an additional 1,774 shares during the period. Paloma Partners Management Co acquired a new stake in shares of CAE in the second quarter valued at approximately $217,000. Finally, Integre Asset Management LLC acquired a new position in CAE in the 2nd quarter valued at $225,000. 49.09% of the stock is currently owned by hedge funds and other institutional investors.
CAE Company Profile
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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