$0.20 EPS Expected for Cae Inc (NYSE:CAE) This Quarter

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Analysts expect that Cae Inc (NYSE:CAE) (TSE:CAE) will announce earnings of $0.20 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for CAE’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.21. CAE also reported earnings per share of $0.20 during the same quarter last year. The company is expected to report its next quarterly earnings results on Tuesday, August 13th.

According to Zacks, analysts expect that CAE will report full-year earnings of $1.04 per share for the current year, with EPS estimates ranging from $0.99 to $1.10. For the next fiscal year, analysts anticipate that the company will post earnings of $1.16 per share, with EPS estimates ranging from $1.15 to $1.18. Zacks’ EPS 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 earnings results on Friday, May 17th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. CAE had a return on equity of 14.22% and a net margin of 9.98%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $945.05 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The company’s revenue was up 41.7% on a year-over-year basis.

Several research firms have recently weighed in on CAE. Zacks Investment Research raised CAE from a “sell” rating to a “hold” rating in a research report on Tuesday. CIBC reaffirmed a “hold” rating and set a $37.00 price objective on shares of CAE in a research report on Wednesday, May 22nd. BMO Capital Markets cut CAE from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 21st. National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a research report on Friday, April 26th. Finally, Desjardins cut CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $30.70.

NYSE:CAE traded up $0.10 on Friday, reaching $26.32. The company’s stock had a trading volume of 6,957 shares, compared to its average volume of 217,104. CAE has a 1-year low of $16.96 and a 1-year high of $27.42. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.86. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.56 and a beta of 0.79. The stock’s 50-day moving average price is $25.47.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.0742 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.30 annualized dividend and a yield of 1.13%. CAE’s dividend payout ratio (DPR) is presently 31.58%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zions Bancorporation N.A. bought a new stake in CAE in the first quarter valued at approximately $28,000. CLARET ASSET MANAGEMENT Corp raised its stake in CAE by 8.2% in the first quarter. CLARET ASSET MANAGEMENT Corp now owns 17,327 shares of the aerospace company’s stock valued at $384,000 after buying an additional 1,318 shares during the period. Swiss National Bank raised its stake in CAE by 0.3% in the first quarter. Swiss National Bank now owns 932,500 shares of the aerospace company’s stock valued at $20,668,000 after buying an additional 2,600 shares during the period. Brinker Capital Inc. raised its stake in CAE by 20.0% in the first quarter. Brinker Capital Inc. now owns 21,005 shares of the aerospace company’s stock valued at $465,000 after buying an additional 3,503 shares during the period. Finally, CIBC Asset Management Inc raised its stake in CAE by 3.2% in the fourth quarter. CIBC Asset Management Inc now owns 146,781 shares of the aerospace company’s stock valued at $2,698,000 after buying an additional 4,528 shares during the period. 47.13% of the stock is owned by hedge funds and other institutional investors.

About CAE

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.

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Earnings History and Estimates for CAE (NYSE:CAE)

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