CAE (NYSE:CAE) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Share on StockTwits

CAE (NYSE:CAE) (TSE:CAE) posted its quarterly earnings data on Wednesday. The aerospace company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09, Fidelity Earnings reports. The company had revenue of $896.80 million during the quarter, compared to analyst estimates of $850.51 million. CAE had a return on equity of 13.94% and a net margin of 9.45%. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share.

Shares of CAE stock opened at $27.19 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average price of $25.16 and a two-hundred day moving average price of $25.67. CAE has a 12-month low of $17.82 and a 12-month high of $28.03. The firm has a market cap of $6.90 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 2.54 and a beta of 0.80.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.084 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.34 annualized dividend and a yield of 1.24%. This is a positive change from CAE’s previous quarterly dividend of $0.08. CAE’s payout ratio is 34.74%.

Several equities research analysts recently issued reports on CAE shares. Zacks Investment Research raised CAE from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Monday, October 21st. ValuEngine lowered CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Scotiabank raised CAE from a “sector perform” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Friday, August 30th. Raymond James reaffirmed a “hold” rating on shares of CAE in a research note on Friday, August 16th. Finally, TD Securities lifted their price target on CAE from $34.00 to $35.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. CAE has a consensus rating of “Hold” and an average target price of $33.67.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's 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.

Featured Story: What do investors mean by earnings per share?

Earnings History for CAE (NYSE:CAE)

Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.