Analysts Expect Cae Inc (CAE) Will Post Earnings of $0.22 Per Share
Brokerages predict that Cae Inc (NYSE:CAE) (TSE:CAE) will report $0.22 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for CAE’s earnings, with estimates ranging from $0.21 to $0.24. CAE reported earnings of $0.20 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The business is expected to report its next quarterly earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that CAE will report full year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.81 to $0.86. For the next fiscal year, analysts anticipate that the business will post earnings of $0.94 per share, with EPS estimates ranging from $0.91 to $0.96. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover CAE.
A number of equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of CAE from a “hold” rating to a “sell” rating in a research report on Tuesday. AltaCorp Capital restated a “hold” rating and issued a $21.00 price objective on shares of CAE in a research report on Sunday, November 12th. Finally, ValuEngine downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.33.
Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. lifted its position in shares of CAE by 89.8% during the 2nd quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after acquiring an additional 3,354 shares during the period. Citadel Advisors LLC acquired a new stake in shares of CAE during the 2nd quarter valued at approximately $248,000. Alliancebernstein L.P. lifted its position in shares of CAE by 13.1% during the 2nd quarter. Alliancebernstein L.P. now owns 22,113 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 2,568 shares during the period. Magnetar Financial LLC lifted its position in shares of CAE by 50.3% during the 3rd quarter. Magnetar Financial LLC now owns 29,295 shares of the aerospace company’s stock valued at $513,000 after acquiring an additional 9,800 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of CAE during the 2nd quarter valued at approximately $554,000. Institutional investors own 52.01% of the company’s stock.
Shares of CAE (NYSE:CAE) traded down $0.06 during trading hours on Tuesday, reaching $18.84. 253,966 shares of the company were exchanged, compared to its average volume of 269,924. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.34 and a current ratio of 1.69. The firm has a market capitalization of $5,070.00, a P/E ratio of 23.85, a P/E/G ratio of 2.25 and a beta of 0.87. CAE has a 1 year low of $13.80 and a 1 year high of $19.00.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.0709 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.50%. CAE’s payout ratio is 36.71%.
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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