CAE (CAE) Receiving Somewhat Favorable Media Coverage, Accern Reports
News stories about CAE (NYSE:CAE) (TSE:CAE) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CAE earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the aerospace company an impact score of 46.5481528999827 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Desjardins Reiterates Their Buy Rating on CAE Inc. $CAE https://t.co/LWA9PXomoT (4-traders.com)
- Etihad Aviation Group launches aviation competition (tradearabia.com)
- Etihad Aviation Group Launches Second Year of ‘Fikra’ Project to University Students in the UAE (albawaba.com)
- HIMSS-IIP Testing Method Approved for Health IT Certification Program (himss.org)
- Research details developments in the military simulation and training systems market forecast to 2022 (whatech.com)
Shares of CAE (NYSE:CAE) opened at 17.43 on Friday. CAE has a 12 month low of $13.75 and a 12 month high of $17.88. The stock has a market capitalization of $4.69 billion, a P/E ratio of 23.06 and a beta of 0.87. The company’s 50-day moving average is $17.03 and its 200 day moving average is $16.52.
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 Zacks’ consensus estimate of $0.19 by ($0.01). The firm had revenue of $699.00 million during the quarter, compared to the consensus estimate of $699.76 million. CAE had a return on equity of 13.24% and a net margin of 8.96%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Equities research analysts predict that CAE will post $0.86 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.071 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This is an increase from CAE’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.63%. CAE’s payout ratio is currently 41.43%.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub downgraded shares of CAE from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets raised shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research report on Wednesday, August 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.67.
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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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