FY2020 Earnings Estimate for Cae Inc (CAE) Issued By Desjardins

Cae Inc (TSE:CAE) (NYSE:CAE) – Equities researchers at Desjardins raised their FY2020 earnings per share estimates for CAE in a note issued to investors on Monday. Desjardins analyst B. Poirier now anticipates that the company will earn $1.30 per share for the year, up from their previous forecast of $1.29.

Other equities research analysts have also recently issued research reports about the stock. CIBC boosted their price target on shares of CAE from C$23.00 to C$24.00 in a research report on Thursday, November 2nd. Raymond James Financial cut their price objective on shares of CAE from C$22.00 to C$21.00 and set a “market perform” rating on the stock in a research report on Monday, November 13th. Scotiabank boosted their price objective on shares of CAE from C$23.00 to C$24.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Finally, Royal Bank of Canada upgraded shares of CAE from a “reduce” rating to an “outperform” rating and boosted their price objective for the company from C$25.00 to C$26.00 in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. CAE currently has a consensus rating of “Buy” and an average target price of C$24.03.

Shares of CAE (TSE:CAE) traded up C$0.12 on Tuesday, reaching C$23.32. 349,176 shares of the company traded hands, compared to its average volume of 387,514. CAE has a 12 month low of C$18.90 and a 12 month high of C$23.67. The company has a market capitalization of $6,240.00, a PE ratio of 20.03 and a beta of 0.38.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings results on Friday, November 10th. The company reported C$0.22 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.02). CAE had a return on equity of 12.71% and a net margin of 10.37%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Wednesday, March 14th. CAE’s dividend payout ratio (DPR) is 29.31%.

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About CAE

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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