CAE Inc (CAE) Expected to Announce Earnings of $0.22 Per Share
Equities research analysts expect CAE Inc (NYSE:CAE) (TSE:CAE) to post $0.22 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for CAE’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.21. CAE posted earnings of $0.20 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The business is scheduled to report its next earnings report on Tuesday, February 13th.
On average, analysts expect that CAE will report full-year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.81 to $0.86. For the next year, analysts expect that the company will post earnings of $0.94 per share, with EPS estimates ranging from $0.91 to $0.96. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover CAE.
Several research analysts have recently commented on the stock. ValuEngine lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research cut shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, August 14th. BMO Capital Markets raised shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a report on Wednesday, August 30th. They noted that the move was a valuation call. AltaCorp Capital reaffirmed a “hold” rating and issued a $21.00 target price on shares of CAE in a report on Sunday, November 12th. Finally, BidaskClub cut shares of CAE from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $21.33.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.0709 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.28 annualized dividend and a yield of 1.63%. CAE’s dividend payout ratio (DPR) is 38.67%.
A number of large investors have recently modified their holdings of CAE. Dimensional Fund Advisors LP raised its holdings in CAE by 19.8% in the first quarter. Dimensional Fund Advisors LP now owns 222,215 shares of the aerospace company’s stock valued at $3,398,000 after acquiring an additional 36,655 shares in the last quarter. US Bancorp DE raised its holdings in 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 acquiring an additional 3,311 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in CAE by 14.2% in the second quarter. Russell Investments Group Ltd. now owns 1,081,820 shares of the aerospace company’s stock valued at $18,618,000 after acquiring an additional 134,153 shares in the last quarter. Sei Investments Co. acquired a new stake in CAE in the second quarter valued at approximately $462,000. Finally, Candriam Luxembourg S.C.A. raised its holdings in CAE by 14.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 48,411 shares of the aerospace company’s stock valued at $834,000 after acquiring an additional 6,276 shares in the last quarter. 52.41% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This article was first posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2017/12/06/cae-inc-cae-expected-to-announce-earnings-of-0-22-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CAE Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE Inc and related companies with MarketBeat.com's FREE daily email newsletter.