Wall Street analysts expect CAE Inc (NYSE:CAE) (TSE:CAE) to post earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for CAE’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.21. CAE reported earnings of $0.16 per share in the same quarter last year, which would indicate a positive year over year growth rate of 18.8%. The business is scheduled to announce its next quarterly earnings report on Thursday, November 9th.
On average, analysts expect that CAE will report full year earnings of $0.86 per share for the current fiscal year, with EPS estimates ranging from $0.84 to $0.87. For the next financial year, analysts forecast that the business will post earnings of $0.95 per share, with EPS estimates ranging from $0.89 to $0.97. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CAE.
CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Thursday, August 10th. The aerospace company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $699.00 million for the quarter, compared to analyst estimates of $699.76 million. CAE had a net margin of 8.96% and a return on equity of 13.24%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS.
Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub cut shares of CAE from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Finally, BMO Capital Markets raised shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research report on Wednesday, August 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.67.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.071 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.71%. This is a positive change from CAE’s previous quarterly dividend of $0.06. CAE’s dividend payout ratio is currently 41.43%.
Several institutional investors and hedge funds have recently bought and sold shares of CAE. Mckinley Capital Management LLC Delaware bought a new stake in CAE in the 1st quarter worth about $138,000. Advisor Group Inc. grew its position in CAE by 89.8% in the 2nd quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 3,354 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in CAE by 0.7% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock worth $130,000 after purchasing an additional 57 shares in the last quarter. Trexquant Investment LP bought a new stake in CAE in the 1st quarter worth about $173,000. Finally, US Bancorp DE grew its position in CAE by 38.1% in the 2nd quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock worth $207,000 after purchasing an additional 3,311 shares in the last quarter. Institutional investors own 53.42% of the company’s stock.
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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