Desjardins Brokers Lift Earnings Estimates for Calian Group Ltd (CGY)

Calian Group Ltd (TSE:CGY) – Equities research analysts at Desjardins boosted their FY2018 EPS estimates for Calian Group in a report issued on Thursday. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $2.12 per share for the year, up from their previous forecast of $2.08. Desjardins has a “Buy” rating and a $37.00 price objective on the stock.

Separately, Acumen Capital boosted their target price on shares of Calian Group from C$36.00 to C$38.00 in a research note on Monday, November 20th.

Calian Group (TSE:CGY) opened at C$31.01 on Monday. Calian Group has a 12 month low of C$24.51 and a 12 month high of C$34.95. The stock has a market cap of $238.37, a price-to-earnings ratio of 15.35 and a beta of -0.22.

Calian Group (TSE:CGY) last posted its earnings results on Wednesday, November 15th. The company reported C$0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.44 by C$0.12. Calian Group had a net margin of 5.98% and a return on equity of 19.67%.

In other Calian Group news, insider Patrick Joseph Thera sold 7,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of C$32.16, for a total transaction of C$225,120.00. Also, insider Kevin Lee Ford sold 2,400 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of C$33.47, for a total transaction of C$80,328.00. Over the last quarter, insiders sold 24,400 shares of company stock valued at $800,683.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Wednesday, March 7th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Tuesday, February 20th. Calian Group’s dividend payout ratio is currently 55.45%.

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Calian Group Company Profile

Calian Group Ltd. engages in the systems engineering, manufacturing, training, information technology, and health care solutions to industries and government in Canada, the United States, and Europe. The company's Systems Engineering division plans, designs, and implements solutions in satellite communications, defense/security, and high-end telecommunications sectors.

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