Cae Inc (CAE) Expected to Announce Quarterly Sales of $585.04 Million

Equities analysts expect Cae Inc (NYSE:CAE) (TSE:CAE) to report $585.04 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for CAE’s earnings. The lowest sales estimate is $569.45 million and the highest is $600.63 million. CAE posted sales of $555.04 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.4%. The company is expected to issue its next quarterly earnings report on Wednesday, May 30th.

On average, analysts expect that CAE will report full-year sales of $585.04 million for the current year, with estimates ranging from $2.21 billion to $2.25 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.34 billion per share, with estimates ranging from $2.30 billion to $2.40 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow CAE.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Friday, February 9th. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. CAE had a net margin of 11.31% and a return on equity of 13.24%. The business had revenue of $704.40 million for the quarter, compared to analysts’ expectations of $729.98 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada raised shares of CAE from a “sector perform” rating to an “outperform” rating in a report on Monday. Zacks Investment Research cut shares of CAE from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. ValuEngine cut shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, AltaCorp Capital reissued a “hold” rating and set a $21.00 target price on shares of CAE in a report on Sunday, November 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.33.

Shares of CAE (NYSE:CAE) opened at $18.51 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 0.55. CAE has a 1-year low of $14.48 and a 1-year high of $19.00. The stock has a market cap of $4,673.93, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.08 and a beta of 0.79.

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 issued a $0.071 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.53%. This is a boost from CAE’s previous quarterly dividend of $0.07. CAE’s dividend payout ratio is presently 31.87%.

CAE declared that its board has authorized a stock repurchase program on Friday, February 9th that permits the company to repurchase 5,350,000 outstanding shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Institutional investors have recently added to or reduced their stakes in the company. TD Asset Management Inc. increased its holdings in shares of CAE by 2.0% in the third quarter. TD Asset Management Inc. now owns 6,732,235 shares of the aerospace company’s stock worth $117,511,000 after purchasing an additional 134,343 shares during the period. Vanguard Group Inc. increased its holdings in shares of CAE by 4.7% in the second quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock worth $101,740,000 after purchasing an additional 266,410 shares during the period. Lenox Wealth Management Inc. increased its holdings in shares of CAE by 52.9% in the third quarter. Lenox Wealth Management Inc. now owns 139,135 shares of the aerospace company’s stock worth $2,439,000 after purchasing an additional 48,156 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of CAE by 11.5% in the third quarter. Great West Life Assurance Co. Can now owns 185,436 shares of the aerospace company’s stock worth $3,222,000 after purchasing an additional 19,132 shares during the period. Finally, Aperio Group LLC increased its holdings in shares of CAE by 12.5% in the third quarter. Aperio Group LLC now owns 329,095 shares of the aerospace company’s stock worth $5,769,000 after purchasing an additional 36,610 shares during the period. 52.12% of the stock is currently owned by hedge funds and other institutional investors.

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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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