Cae Inc (NYSE:CAE) (TSE:CAE) – Desjardins increased their Q4 2019 earnings estimates for shares of CAE in a report released on Monday, February 11th. Desjardins analyst B. Poirier now expects that the aerospace company will post earnings of $0.35 per share for the quarter, up from their previous estimate of $0.31. Desjardins currently has a “Average” rating and a $31.00 price target on the stock.
A number of other equities research analysts have also recently issued reports on the stock. Macquarie upgraded shares of CAE from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 14th. Scotiabank reiterated an “average” rating and issued a $31.50 price objective on shares of CAE in a report on Monday, December 3rd. CIBC reiterated an “average” rating and issued a $29.00 price objective on shares of CAE in a report on Monday, November 26th. ValuEngine cut shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, TD Securities reiterated a “hold” rating on shares of CAE in a report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. CAE currently has a consensus rating of “Hold” and a consensus target price of $28.13.
CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Friday, February 8th. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.03). The business had revenue of $816.00 million during the quarter, compared to the consensus estimate of $774.68 million. CAE had a return on equity of 13.26% and a net margin of 10.07%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.0763 per share. This is a positive change from CAE’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, March 14th. This represents a $0.31 dividend on an annualized basis and a yield of 1.47%. CAE’s payout ratio is currently 34.48%.
Institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its position in CAE by 24.6% during the 3rd quarter. Alliancebernstein L.P. now owns 65,094 shares of the aerospace company’s stock worth $1,323,000 after acquiring an additional 12,846 shares during the last quarter. Janus Henderson Group PLC lifted its position in CAE by 407.6% during the 3rd quarter. Janus Henderson Group PLC now owns 430,558 shares of the aerospace company’s stock worth $8,735,000 after acquiring an additional 345,732 shares during the last quarter. Mackenzie Financial Corp lifted its position in CAE by 8.6% during the 3rd quarter. Mackenzie Financial Corp now owns 9,095,892 shares of the aerospace company’s stock worth $184,829,000 after acquiring an additional 721,121 shares during the last quarter. TD Asset Management Inc. lifted its position in CAE by 2.0% during the 3rd quarter. TD Asset Management Inc. now owns 7,697,011 shares of the aerospace company’s stock worth $156,131,000 after acquiring an additional 151,034 shares during the last quarter. Finally, Knowledge Leaders Capital LLC acquired a new position in CAE during the 3rd quarter worth $1,762,000. 47.19% of the stock is owned by hedge funds and other institutional investors.
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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