Wall Street brokerages forecast that Cae Inc (NYSE:CAE) (TSE:CAE) will announce sales of $728.63 million for the current quarter, Zacks reports. Two analysts have issued estimates for CAE’s earnings, with the highest sales estimate coming in at $750.00 million and the lowest estimate coming in at $707.25 million. CAE posted sales of $617.78 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The firm is expected to report its next earnings report on Friday, May 24th.
According to Zacks, analysts expect that CAE will report full year sales of $2.44 billion for the current financial year, with estimates ranging from $2.42 billion to $2.46 billion. For the next fiscal year, analysts expect that the company will post sales of $2.71 billion, with estimates ranging from $2.64 billion to $2.77 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover CAE.
CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Friday, February 8th. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). The company had revenue of $816.00 million during the quarter, compared to the consensus estimate of $774.68 million. CAE had a net margin of 10.07% and a return on equity of 13.27%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share.
Separately, Zacks Investment Research lowered CAE from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $28.13.
CAE stock traded up $0.18 during mid-day trading on Tuesday, reaching $22.92. The company had a trading volume of 83,143 shares, compared to its average volume of 120,260. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.79 and a current ratio of 1.10. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 2.09 and a beta of 0.94. CAE has a one year low of $16.96 and a one year high of $22.95.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.0763 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from CAE’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 14th. CAE’s dividend payout ratio (DPR) is 34.48%.
Institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of 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 purchasing an additional 3,264 shares during the period. First Bank & Trust acquired a new position in shares of CAE during the first quarter valued at $123,000. Addenda Capital Inc. acquired a new position in shares of CAE during the first quarter valued at $215,000. Advisors Capital Management LLC acquired a new position in shares of CAE during the fourth quarter valued at $190,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of CAE by 265.6% during the fourth quarter. Quadrant Capital Group LLC now owns 10,514 shares of the aerospace company’s stock valued at $186,000 after purchasing an additional 7,638 shares during the period. 49.80% of the stock is currently owned by institutional investors.
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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