Brokerages expect Cae Inc (NYSE:CAE) (TSE:CAE) to report earnings of $0.20 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for CAE’s earnings, with estimates ranging from $0.18 to $0.22. CAE reported earnings per share of $0.17 during the same quarter last year, which would indicate a positive year over year growth rate of 17.6%. The firm is expected to issue its next earnings results on Friday, November 9th.

On average, analysts expect that CAE will report full year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $0.97. For the next fiscal year, analysts anticipate that the business will report earnings of $1.05 per share, with EPS estimates ranging from $1.03 to $1.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for CAE.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Tuesday, August 14th. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The company had revenue of $722.00 million for the quarter, compared to analyst estimates of $729.04 million. CAE had a return on equity of 13.48% and a net margin of 12.36%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS.

Separately, ValuEngine lowered CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th.

CAE stock traded down $0.03 during midday trading on Thursday, reaching $18.93. 16,287 shares of the stock were exchanged, compared to its average volume of 190,595. The firm has a market capitalization of $5.43 billion, a P/E ratio of 21.76, a P/E/G ratio of 2.16 and a beta of 0.66. CAE has a 52 week low of $16.84 and a 52 week high of $21.70. The company has a quick ratio of 1.05, a current ratio of 1.42 and a debt-to-equity ratio of 0.52.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a dividend of $0.077 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.31 dividend on an annualized basis and a yield of 1.63%. This is a positive change from CAE’s previous quarterly dividend of $0.07. CAE’s payout ratio is currently 35.63%.

A number of hedge funds have recently modified their holdings of CAE. Fiera Capital Corp lifted its holdings in CAE by 1,938.1% during the 2nd quarter. Fiera Capital Corp now owns 4,544,364 shares of the aerospace company’s stock worth $94,414,000 after buying an additional 4,321,396 shares during the period. Toronto Dominion Bank lifted its holdings in CAE by 66.8% during the 2nd quarter. Toronto Dominion Bank now owns 2,851,299 shares of the aerospace company’s stock worth $60,122,000 after buying an additional 1,141,540 shares during the period. Canada Pension Plan Investment Board lifted its holdings in CAE by 141.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,732,081 shares of the aerospace company’s stock worth $35,960,000 after buying an additional 1,013,850 shares during the period. CIBC World Markets Inc. lifted its holdings in CAE by 61.1% during the 1st quarter. CIBC World Markets Inc. now owns 1,810,762 shares of the aerospace company’s stock worth $33,662,000 after buying an additional 686,751 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in CAE by 81.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,084,053 shares of the aerospace company’s stock worth $22,280,000 after buying an additional 488,042 shares during the period. Institutional investors and hedge funds own 48.89% of the company’s stock.

CAE Company Profile

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Earnings History and Estimates for CAE (NYSE:CAE)

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