Calian Group (CGY) Set to Announce Earnings on Wednesday

Calian Group (TSE:CGY) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Calian Group to post earnings of C$0.97 per share for the quarter.

Calian Group (TSE:CGY) last released its quarterly earnings results on Tuesday, May 14th. The company reported C$1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.29 by C($0.24). The firm had revenue of C$201.27 million for the quarter, compared to the consensus estimate of C$194.97 million. Calian Group had a net margin of 2.80% and a return on equity of 6.22%.

Calian Group Stock Performance

Shares of CGY traded down C$1.82 on Tuesday, reaching C$53.69. The company’s stock had a trading volume of 10,703 shares, compared to its average volume of 7,748. The stock’s 50 day simple moving average is C$55.17 and its two-hundred day simple moving average is C$56.44. The company has a debt-to-equity ratio of 32.06, a current ratio of 1.30 and a quick ratio of 1.20. The stock has a market capitalization of C$636.23 million, a P/E ratio of 32.65, a PEG ratio of 2.50 and a beta of 0.93. Calian Group has a 12-month low of C$46.27 and a 12-month high of C$63.75.

Calian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Tuesday, May 28th. Calian Group’s dividend payout ratio is presently 65.88%.

Insider Activity

In other news, Director Raymond Gregory Basler sold 4,000 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of C$56.20, for a total transaction of C$224,800.00. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CGY shares. Cormark lifted their target price on Calian Group from C$73.00 to C$74.00 in a research report on Friday, May 17th. Ventum Cap Mkts raised Calian Group to a “strong-buy” rating in a research report on Tuesday, July 16th. Canaccord Genuity Group increased their target price on shares of Calian Group from C$75.00 to C$80.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Acumen Capital lifted their price target on shares of Calian Group from C$78.00 to C$80.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, CIBC increased their price objective on shares of Calian Group from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$78.14.

Calian Group Company Profile

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.