CAE Inc (CAE) Declares Quarterly Dividend of $0.07
CAE Inc (NYSE:CAE) (TSE:CAE) announced a quarterly dividend on Monday, November 13th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.0709 per share by the aerospace company on Friday, December 29th. This represents a $0.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, December 14th.
CAE has increased its dividend payment by an average of 8.0% annually over the last three years. CAE has a dividend payout ratio of 34.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect CAE to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 31.6%.
Shares of CAE (NYSE CAE) traded down $0.60 during trading hours on Monday, hitting $17.44. 654,900 shares of the stock traded hands, compared to its average volume of 237,257. CAE has a 12 month low of $13.75 and a 12 month high of $18.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.24 and a current ratio of 1.58. The firm has a market cap of $4,691.13, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.89.
CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Thursday, August 10th. The aerospace company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). CAE had a return on equity of 13.35% and a net margin of 9.55%. The business had revenue of $699.00 million for the quarter, compared to analyst estimates of $699.76 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. sell-side analysts anticipate that CAE will post 0.86 EPS for the current year.
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Several equities research analysts have recently commented on CAE shares. BidaskClub cut shares of CAE from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, August 1st. BMO Capital Markets upgraded shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Wednesday, August 30th. They noted that the move was a valuation call. Finally, AltaCorp Capital restated a “hold” rating and set a $21.00 price objective on shares of CAE in a report on Sunday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.00.
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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