Equities research analysts forecast that Cae Inc (NYSE:CAE) (TSE:CAE) will post $611.26 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for CAE’s earnings. The lowest sales estimate is $594.08 million and the highest is $620.90 million. CAE reported sales of $555.04 million during the same quarter last year, which indicates a positive year over year growth rate of 10.1%. The business is expected to report its next earnings report on Wednesday, May 30th.
According to Zacks, analysts expect that CAE will report full year sales of $611.26 million for the current financial year, with estimates ranging from $2.21 billion to $2.24 billion. For the next year, analysts anticipate that the firm will report sales of $2.36 billion per share, with estimates ranging from $2.31 billion to $2.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover CAE.
CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Friday, February 9th. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. CAE had a net margin of 11.31% and a return on equity of 13.03%. The business had revenue of $704.40 million during the quarter, compared to analyst estimates of $729.98 million. During the same period last year, the firm posted $0.26 EPS. The company’s revenue was up 3.2% on a year-over-year basis.
CAE has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Royal Bank of Canada raised shares of CAE from a “sector perform” rating to an “outperform” rating in a report on Monday, February 12th. ValuEngine lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, AltaCorp Capital reissued a “hold” rating and issued a $21.00 target price on shares of CAE in a report on Sunday, November 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.33.
Shares of CAE (NYSE:CAE) traded up $0.09 on Wednesday, reaching $18.77. 383,546 shares of the company’s stock were exchanged, compared to its average volume of 272,927. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.34 and a current ratio of 1.52. CAE has a twelve month low of $14.53 and a twelve month high of $19.11. The stock has a market cap of $5,012.55, a price-to-earnings ratio of 20.63, a P/E/G ratio of 2.23 and a beta of 0.80.
CAE declared that its board has authorized a share repurchase plan on Friday, February 9th that allows the company to repurchase 5,350,000 shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.071 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from CAE’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.51%. CAE’s dividend payout ratio (DPR) is 31.87%.
Several hedge funds have recently bought and sold shares of CAE. Alliancebernstein L.P. grew its holdings in shares of CAE by 13.1% in the second quarter. Alliancebernstein L.P. now owns 22,113 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 2,568 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of CAE by 4.7% in the second quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock valued at $101,740,000 after purchasing an additional 266,410 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of CAE by 89.8% in the second quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 3,354 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of CAE by 23.4% in the second quarter. Parametric Portfolio Associates LLC now owns 352,698 shares of the aerospace company’s stock valued at $6,081,000 after purchasing an additional 66,960 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in CAE by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 227,610 shares of the aerospace company’s stock worth $3,924,000 after buying an additional 5,395 shares during the period. 52.12% of the stock is owned by hedge funds and other institutional investors.
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CAE Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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