Cae Inc (NYSE:CAE) (TSE:CAE) – Equities research analysts at Desjardins lowered their FY2019 earnings per share (EPS) estimates for shares of CAE in a research note issued to investors on Monday, February 11th. Desjardins analyst B. Poirier now expects that the aerospace company will earn $0.89 per share for the year, down from their previous forecast of $0.90. Desjardins currently has a “Average” rating and a $31.00 target price on the stock. Desjardins also issued estimates for CAE’s FY2020 earnings at $1.07 EPS and FY2021 earnings at $1.17 EPS.
Several other analysts have also commented on the company. Zacks Investment Research raised CAE from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, November 16th. ValuEngine upgraded CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Scotiabank reiterated an “average” rating and set a $31.00 price objective on shares of CAE in a research report on Tuesday, November 13th. TD Securities restated a “hold” rating on shares of CAE in a research report on Monday, November 12th. Finally, CIBC restated an “average” rating and issued a $29.00 target price on shares of CAE in a research report on Monday, November 26th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $28.13.
CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Friday, February 8th. The aerospace company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). CAE had a net margin of 10.07% and a return on equity of 13.26%. The business had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $774.68 million. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.0763 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 1.49%. This is a boost from CAE’s previous quarterly dividend of $0.08. CAE’s dividend payout ratio is currently 34.48%.
A number of large investors have recently made changes to their positions in the business. Scotia Capital Inc. boosted its holdings in shares of CAE by 2.6% during the fourth quarter. Scotia Capital Inc. now owns 868,652 shares of the aerospace company’s stock worth $15,862,000 after purchasing an additional 22,422 shares during the last quarter. Highstreet Asset Management Inc. raised its position in shares of CAE by 41.8% in the 4th quarter. Highstreet Asset Management Inc. now owns 127,213 shares of the aerospace company’s stock worth $2,338,000 after buying an additional 37,517 shares during the period. AGF Investments Inc. raised its position in shares of CAE by 28.7% in the 4th quarter. AGF Investments Inc. now owns 416,443 shares of the aerospace company’s stock worth $7,653,000 after buying an additional 92,951 shares during the period. Cidel Asset Management Inc. raised its position in CAE by 3.1% in the fourth quarter. Cidel Asset Management Inc. now owns 187,871 shares of the aerospace company’s stock valued at $3,451,000 after purchasing an additional 5,717 shares during the period. Finally, CLARET ASSET MANAGEMENT Corp raised its position in CAE by 4.6% in the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 16,009 shares of the aerospace company’s stock valued at $294,000 after purchasing an additional 708 shares during the period. Hedge funds and other institutional investors own 47.19% of the company’s stock.
CAE Company Profile
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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