CAE Inc (NYSE:CAE) Expected to Announce Earnings of $0.19 Per Share
Wall Street brokerages expect CAE Inc (NYSE:CAE) (TSE:CAE) to post earnings per share (EPS) of $0.19 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for CAE’s earnings. CAE posted earnings of $0.20 per share in the same quarter last year, which would suggest a negative year over year growth rate of 5%. The company is expected to report its next earnings report on Wednesday, August 9th.
On average, analysts expect that CAE will report full-year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.78 to $0.84. For the next financial year, analysts forecast that the business will report earnings of $0.89 per share, with EPS estimates ranging from $0.84 to $0.92. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover CAE.
CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Wednesday, May 31st. The aerospace company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. CAE had a net margin of 9.30% and a return on equity of 13.96%. The company had revenue of $734.70 million during the quarter, compared to analyst estimates of $748.41 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year.
A number of analysts have issued reports on CAE shares. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Tuesday, April 18th. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, BidaskClub upgraded shares of CAE from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. CAE has a consensus rating of “Hold” and an average price target of $19.00.
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Institutional investors have recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of 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 period. Mckinley Capital Management LLC Delaware acquired a new stake in shares of CAE during the first quarter valued at about $138,000. Trexquant Investment LP acquired a new stake in shares of CAE during the first quarter valued at about $173,000. Wetherby Asset Management Inc. acquired a new stake in shares of CAE during the first quarter valued at about $207,000. Finally, US Bancorp DE raised its stake in shares of CAE by 38.1% in the second quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock valued at $207,000 after buying an additional 3,311 shares during the period. 56.74% of the stock is currently owned by institutional investors and hedge funds.
CAE (NYSE:CAE) traded up 0.5986% during midday trading on Friday, hitting $16.7899. 44,352 shares of the stock traded hands. The firm has a market cap of $4.51 billion, a P/E ratio of 22.8745 and a beta of 0.87. CAE has a 1-year low of $12.98 and a 1-year high of $17.88. The company has a 50-day moving average price of $17.10 and a 200-day moving average price of $15.61.
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a dividend of $0.059 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.41%. This is a positive change from CAE’s previous quarterly dividend of $0.06. CAE’s payout ratio is 33.80%.
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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