Zacks: Analysts Expect CAE Inc (CAE) Will Announce Earnings of $0.19 Per Share

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.

ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Expect CAE Inc (CAE) Will Announce Earnings of $0.19 Per Share” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another site, it was stolen and reposted in violation of US and international copyright and trademark laws. The original version of this news story can be viewed at https://sportsperspectives.com/2017/09/21/zacks-analysts-expect-cae-inc-cae-will-announce-earnings-of-0-19-per-share.html.

About CAE

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.

Get a free copy of the Zacks research report on CAE (CAE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for CAE (NYSE:CAE)

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

Latest News

Leave a Reply