Wall Street brokerages expect that Cae Inc (NYSE:CAE) (TSE:CAE) will announce $0.27 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for CAE’s earnings. CAE posted earnings per share of $0.22 during the same quarter last year, which would suggest a positive year over year growth rate of 22.7%. The company is expected to announce its next quarterly 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 year, with EPS estimates ranging from $1.01 to $1.06. For the next financial year, analysts anticipate that the company will report earnings of $1.16 per share, with EPS estimates ranging from $1.14 to $1.18. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow CAE.
CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Wednesday, November 13th. The aerospace company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. CAE had a net margin of 9.41% and a return on equity of 14.44%. The company had revenue of $896.80 million during the quarter, compared to the consensus estimate of $850.51 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 20.6% on a year-over-year basis.
Several equities research analysts have weighed in on the stock. TD Securities lifted their price target on shares of CAE from $34.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Monday, October 21st. Scotiabank upgraded CAE from a “sector perform” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, August 30th. Raymond James reaffirmed a “hold” rating on shares of CAE in a research report on Friday, August 16th. Finally, ValuEngine downgraded CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. CAE has a consensus rating of “Hold” and an average target price of $34.20.
Several institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new position in CAE during the 3rd quarter valued at about $1,723,000. Sandler Capital Management raised its stake in shares of CAE by 28.0% in the third quarter. Sandler Capital Management now owns 819,680 shares of the aerospace company’s stock worth $20,820,000 after purchasing an additional 179,246 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of CAE in the third quarter valued at approximately $644,000. Barclays PLC lifted its holdings in shares of CAE by 3.9% in the third quarter. Barclays PLC now owns 124,507 shares of the aerospace company’s stock valued at $3,163,000 after purchasing an additional 4,708 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of CAE by 3.6% during the third quarter. Parametric Portfolio Associates LLC now owns 527,234 shares of the aerospace company’s stock valued at $13,392,000 after buying an additional 18,345 shares during the last quarter. 49.09% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CAE traded up $0.26 on Friday, hitting $26.29. 254,180 shares of the company were exchanged, compared to its average volume of 195,929. The company has a market cap of $7.01 billion, a PE ratio of 27.69, a PEG ratio of 2.62 and a beta of 0.81. CAE has a 12 month low of $17.82 and a 12 month high of $28.03. The stock has a fifty day moving average of $25.89 and a 200-day moving average of $26.00. The company has a current ratio of 1.18, a quick ratio of 0.84 and a debt-to-equity ratio of 1.04.
The firm also recently disclosed 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 is an increase from CAE’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, December 12th. This represents a $0.34 annualized dividend and a yield of 1.28%. CAE’s dividend payout ratio is presently 34.74%.
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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