Brokerages predict that Cae Inc (NYSE:CAE) (TSE:CAE) will announce $729.60 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for CAE’s earnings, with the lowest sales estimate coming in at $715.16 million and the highest estimate coming in at $744.04 million. CAE posted sales of $617.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.1%. The company is scheduled to report its next quarterly earnings results on Friday, February 14th.
On average, analysts expect that CAE will report full-year sales of $2.88 billion for the current fiscal year, with estimates ranging from $2.87 billion to $2.88 billion. For the next financial year, analysts forecast that the company will post sales of $3.05 billion, with estimates ranging from $3.03 billion to $3.08 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover CAE.
CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Wednesday, November 13th. The aerospace company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $896.80 million during the quarter, compared to analysts’ expectations of $850.51 million. CAE had a return on equity of 14.44% and a net margin of 9.41%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 earnings per share.
Several research firms recently commented on CAE. Zacks Investment Research raised CAE from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Monday, October 21st. ValuEngine cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James reaffirmed a “hold” rating on shares of CAE in a report on Friday, August 16th. TD Securities boosted their price target on shares of CAE from $34.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Finally, Scotiabank raised shares of CAE from a “sector perform” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Friday, August 30th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.20.
Shares of NYSE:CAE traded up $0.26 during trading on Friday, reaching $26.29. The stock had a trading volume of 254,180 shares, compared to its average volume of 195,929. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.84 and a current ratio of 1.18. CAE has a 1-year low of $17.82 and a 1-year high of $28.03. The stock has a market cap of $7.01 billion, a PE ratio of 27.69, a PEG ratio of 2.62 and a beta of 0.81. The business has a fifty day moving average price of $25.89 and a 200-day moving average price of $26.00.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.084 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from CAE’s previous quarterly dividend of $0.08. CAE’s payout ratio is currently 34.74%.
Several hedge funds have recently made changes to their positions in CAE. Parallel Advisors LLC grew its holdings in shares of CAE by 33.7% in the second quarter. Parallel Advisors LLC now owns 5,362 shares of the aerospace company’s stock valued at $144,000 after purchasing an additional 1,353 shares during the period. First Bank & Trust increased its position in CAE by 22.2% during the second quarter. First Bank & Trust now owns 6,776 shares of the aerospace company’s stock worth $182,000 after purchasing an additional 1,229 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in CAE by 32.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,227 shares of the aerospace company’s stock worth $194,000 after purchasing an additional 1,774 shares during the period. Paloma Partners Management Co purchased a new position in CAE during the second quarter worth about $217,000. Finally, Integre Asset Management LLC acquired a new position in CAE in the 2nd quarter valued at about $225,000. 49.09% of the stock is currently owned by hedge funds and other institutional investors.
CAE Company Profile
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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