Analysts Anticipate Cae Inc (CAE) Will Post Earnings of $0.25 Per Share

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Wall Street brokerages predict that Cae Inc (NYSE:CAE) (TSE:CAE) will announce $0.25 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for CAE’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.23. CAE reported earnings of $0.22 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.6%. The firm is expected to announce its next quarterly earnings report on Friday, February 8th.

According to Zacks, analysts expect that CAE will report full year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.00. For the next year, analysts anticipate that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.05 to $1.39. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for CAE.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Tuesday, November 13th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $743.80 million during the quarter, compared to analysts’ expectations of $661.29 million. CAE had a net margin of 11.83% and a return on equity of 13.36%. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS.

Several research firms have weighed in on CAE. TD Securities restated a “hold” rating on shares of CAE in a research report on Monday, November 12th. ValuEngine upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Zacks Investment Research cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. CIBC restated an “average” rating and issued a $29.00 price objective on shares of CAE in a research report on Monday, November 26th. Finally, Desjardins restated an “average” rating and issued a $31.00 price objective on shares of CAE in a research report on Monday, November 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. CAE currently has a consensus rating of “Hold” and a consensus target price of $28.13.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its position in CAE by 0.3% in the 3rd quarter. FMR LLC now owns 1,324,300 shares of the aerospace company’s stock valued at $26,883,000 after acquiring an additional 3,900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CAE by 11.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,213 shares of the aerospace company’s stock worth $1,019,000 after buying an additional 5,063 shares during the period. AMP Capital Investors Ltd grew its position in shares of CAE by 4.7% during the 2nd quarter. AMP Capital Investors Ltd now owns 120,390 shares of the aerospace company’s stock worth $2,501,000 after buying an additional 5,389 shares during the period. Port Capital LLC grew its position in shares of CAE by 12.3% during the 3rd quarter. Port Capital LLC now owns 57,345 shares of the aerospace company’s stock worth $1,165,000 after buying an additional 6,290 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of CAE by 265.6% during the 4th quarter. Quadrant Capital Group LLC now owns 10,514 shares of the aerospace company’s stock worth $186,000 after buying an additional 7,638 shares during the period. Hedge funds and other institutional investors own 48.14% of the company’s stock.

Shares of CAE stock traded up $0.30 during mid-day trading on Friday, reaching $20.29. 109,334 shares of the stock were exchanged, compared to its average volume of 126,377. The stock has a market capitalization of $5.38 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.84. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.51. CAE has a fifty-two week low of $16.84 and a fifty-two week high of $21.70.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, December 14th were given a $0.076 dividend. This represents a $0.30 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, December 13th. CAE’s payout ratio is presently 34.48%.

CAE Company Profile

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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