$554.83 Million in Sales Expected for CAE Inc (CAE) This Quarter
Analysts expect CAE Inc (NYSE:CAE) (TSE:CAE) to post sales of $554.83 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for CAE’s earnings, with estimates ranging from $539.50 million to $580.70 million. CAE reported sales of $487.38 million in the same quarter last year, which indicates a positive year-over-year growth rate of 13.8%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, November 9th.
According to Zacks, analysts expect that CAE will report full-year sales of $554.83 million for the current year, with estimates ranging from $2.26 billion to $2.32 billion. For the next year, analysts expect that the business will post sales of $2.40 billion per share, with estimates ranging from $2.37 billion to $2.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover CAE.
CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, August 10th. The aerospace company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). CAE had a net margin of 8.96% and a return on equity of 13.24%. The company had revenue of $699.00 million during the quarter, compared to the consensus estimate of $699.76 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis.
A number of equities analysts have commented on the company. BidaskClub cut CAE from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised CAE from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, August 1st. Finally, BMO Capital Markets raised CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research note on Wednesday, August 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.67.
Several institutional investors and hedge funds have recently bought and sold shares of CAE. Advisor Group Inc. increased its stake in shares of CAE by 89.8% during the second quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after buying an additional 3,354 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of CAE by 0.7% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock valued at $130,000 after buying an additional 57 shares during the period. Trexquant Investment LP purchased a new position in shares of CAE during the first quarter valued at approximately $173,000. US Bancorp DE increased its stake in shares of CAE by 38.1% during the second quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock valued at $207,000 after buying an additional 3,311 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of CAE during the second quarter valued at approximately $225,000. 53.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CAE (NYSE:CAE) traded up 3.25% during mid-day trading on Thursday, reaching $17.79. The company had a trading volume of 784,501 shares. CAE has a 12-month low of $13.75 and a 12-month high of $17.88. The firm has a market capitalization of $4.79 billion, a PE ratio of 23.53 and a beta of 0.87. The stock has a 50 day moving average price of $16.86 and a 200 day moving average price of $16.46.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.071 per share. The ex-dividend date of this dividend was Thursday, September 14th. This is a boost from CAE’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. CAE’s payout ratio is 41.43%.
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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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