Cae Inc (NYSE:CAE) (TSE:CAE) – Investment analysts at Desjardins issued their Q1 2018 earnings estimates for Cae in a research note issued on Wednesday. Desjardins analyst B. Poirier anticipates that the aerospace company will post earnings of $0.19 per share for the quarter. Desjardins also issued estimates for Cae’s Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.21 EPS and Q4 2018 earnings at $0.24 EPS.

Cae (NYSE:CAE) last issued its earnings results on Wednesday, May 31st. The aerospace company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Cae had a net margin of 8.90% and a return on equity of 13.19%. The company had revenue of $734.70 million for the quarter, compared to the consensus estimate of $748.41 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis.

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Earnings History and Estimates for Cae (NYSE:CAE)

Other analysts have also recently issued reports about the company. TD Securities cut Cae from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research cut Cae from a “buy” rating to a “sell” rating in a research report on Friday, May 12th. Finally, Scotiabank upgraded Cae from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, February 15th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.00.

Cae (CAE) opened at 16.14 on Friday. The company has a 50 day moving average of $15.65 and a 200 day moving average of $14.86. The stock has a market capitalization of $4.33 billion, a P/E ratio of 24.34 and a beta of 0.83. Cae has a 52 week low of $11.85 and a 52 week high of $16.59.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.059 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, June 13th. This is a positive change from Cae’s previous quarterly dividend of $0.06. Cae’s dividend payout ratio is 36.92%.

Institutional investors have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware purchased a new position in Cae during the first quarter valued at about $138,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Cae by 0.7% in 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 last quarter. Trexquant Investment LP purchased a new position in Cae during the first quarter valued at about $173,000. Wetherby Asset Management Inc. purchased a new position in Cae during the first quarter valued at about $207,000. Finally, Schroder Investment Management Group purchased a new position in Cae during the first quarter valued at about $285,000. 58.78% of the stock is currently owned by institutional investors and hedge funds.

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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