$0.23 Earnings Per Share Expected for Cae Inc (CAE) This Quarter

Equities research analysts expect that Cae Inc (NYSE:CAE) (TSE:CAE) will post earnings per share of $0.23 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for CAE’s earnings, with estimates ranging from $0.21 to $0.25. CAE also posted earnings of $0.23 per share during the same quarter last year. The company is expected to report its next quarterly earnings results on Friday, February 9th.

According to Zacks, analysts expect that CAE will report full-year earnings of $0.84 per share for the current year, with EPS estimates ranging from $0.81 to $0.86. For the next financial year, analysts anticipate that the company will report earnings of $0.94 per share, with EPS estimates ranging from $0.91 to $0.96. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover CAE.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Friday, February 9th. The aerospace company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. CAE had a return on equity of 13.24% and a net margin of 11.31%. The firm had revenue of $704.40 million during the quarter, compared to analysts’ expectations of $729.98 million. During the same period in the prior year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis.

A number of research analysts have recently commented on CAE shares. Zacks Investment Research cut CAE from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. ValuEngine cut CAE from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. AltaCorp Capital reiterated a “hold” rating and issued a $21.00 price target on shares of CAE in a research note on Sunday, November 12th. Finally, Royal Bank of Canada upgraded CAE from a “sector perform” rating to an “outperform” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. CAE has a consensus rating of “Hold” and an average target price of $21.33.

CAE (NYSE CAE) traded up $0.97 during midday trading on Monday, reaching $18.40. The company’s stock had a trading volume of 626,552 shares, compared to its average volume of 259,485. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 0.55. CAE has a 12-month low of $14.35 and a 12-month high of $19.00. The company has a market capitalization of $4,673.93, a PE ratio of 20.22, a PEG ratio of 2.08 and a beta of 0.79.

CAE declared that its Board of Directors has approved a share buyback plan on Friday, February 9th that permits the company to repurchase 5,350,000 shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.071 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.54%. This is a boost from CAE’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, March 14th. CAE’s dividend payout ratio is presently 31.87%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. TD Asset Management Inc. lifted its stake in shares of CAE by 2.0% in the 3rd quarter. TD Asset Management Inc. now owns 6,732,235 shares of the aerospace company’s stock valued at $117,511,000 after acquiring an additional 134,343 shares during the last quarter. Vanguard Group Inc. increased its holdings in CAE by 4.7% in the second quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock valued at $101,740,000 after purchasing an additional 266,410 shares during the period. CGOV Asset Management increased its holdings in CAE by 0.4% in the fourth quarter. CGOV Asset Management now owns 4,681,435 shares of the aerospace company’s stock valued at $109,312,000 after purchasing an additional 18,423 shares during the period. USS Investment Management Ltd increased its holdings in CAE by 46.9% in the fourth quarter. USS Investment Management Ltd now owns 4,010,230 shares of the aerospace company’s stock valued at $74,641,000 after purchasing an additional 1,279,612 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in CAE by 33.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,474,174 shares of the aerospace company’s stock valued at $45,920,000 after purchasing an additional 616,203 shares during the period. Institutional investors own 52.12% of the company’s stock.

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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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Earnings History and Estimates for CAE (NYSE:CAE)

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