Brokerages Expect Cae Inc (CAE) Will Announce Earnings of $0.20 Per Share

Wall Street brokerages expect Cae Inc (NYSE:CAE) (TSE:CAE) to report earnings per share (EPS) of $0.20 for the current quarter, according to Zacks. Two analysts have made estimates for CAE’s earnings, with estimates ranging from $0.19 to $0.21. CAE also reported earnings of $0.20 per share during the same quarter last year. The firm is scheduled to announce its next earnings results on Tuesday, August 13th.

On average, analysts expect that CAE will report full year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $0.99 to $1.10. For the next financial year, analysts expect that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $1.15 to $1.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow CAE.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Friday, May 17th. The aerospace company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. CAE had a net margin of 9.98% and a return on equity of 14.34%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $945.05 million. During the same quarter last year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. BMO Capital Markets cut shares of CAE from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 21st. Zacks Investment Research lowered shares of CAE from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Friday, April 26th. CIBC reaffirmed a “hold” rating and set a $37.00 price objective on shares of CAE in a research report on Wednesday, May 22nd. Finally, Desjardins lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. CAE presently has a consensus rating of “Hold” and a consensus price target of $30.70.

Institutional investors and hedge funds have recently modified their holdings of the stock. Zions Bancorporation N.A. bought a new position in CAE during the first quarter valued at approximately $28,000. Parallel Advisors LLC raised its position in CAE by 786.5% during the fourth quarter. Parallel Advisors LLC now owns 3,679 shares of the aerospace company’s stock valued at $67,000 after acquiring an additional 3,264 shares in the last quarter. First Bank & Trust bought a new position in CAE during the first quarter valued at approximately $123,000. Bluestein R H & Co. bought a new position in CAE during the first quarter valued at approximately $210,000. Finally, Addenda Capital Inc. bought a new position in shares of CAE in the first quarter valued at approximately $215,000. 47.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CAE stock traded down $0.46 during trading hours on Thursday, reaching $25.80. The stock had a trading volume of 129,300 shares, compared to its average volume of 165,837. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.47. CAE has a twelve month low of $16.96 and a twelve month high of $27.42. The stock has a market cap of $6.96 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 2.55 and a beta of 0.79.

The firm also recently disclosed 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. This represents a $0.30 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, June 13th. CAE’s payout ratio is presently 31.58%.

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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