Brokerages Expect Cae Inc (CAE) to Announce $0.22 EPS

Equities research analysts forecast that Cae Inc (NYSE:CAE) (TSE:CAE) will post earnings of $0.22 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for CAE’s earnings, with estimates ranging from $0.21 to $0.24. CAE reported earnings per share of $0.20 in the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The company is scheduled to issue its next earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that CAE will report full year earnings of $0.84 per share for the current year, with EPS estimates ranging from $0.81 to $0.86. For the next financial year, analysts expect that the firm will report earnings of $0.94 per share, with EPS estimates ranging from $0.91 to $0.96. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover CAE.

A number of research analysts recently commented on CAE shares. Zacks Investment Research upgraded CAE from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, November 14th. AltaCorp Capital restated a “hold” rating and set a $21.00 price objective on shares of CAE in a research note on Sunday, November 12th. ValuEngine downgraded CAE from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, BMO Capital Markets upgraded CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Wednesday, August 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.33.

A number of hedge funds have recently made changes to their positions in CAE. TD Asset Management Inc. boosted its stake in shares of CAE by 2.0% during the 3rd quarter. TD Asset Management Inc. now owns 6,732,235 shares of the aerospace company’s stock worth $117,511,000 after acquiring an additional 134,343 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of CAE by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock worth $101,740,000 after buying an additional 266,410 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CAE by 19.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 222,215 shares of the aerospace company’s stock worth $3,398,000 after buying an additional 36,655 shares in the last quarter. Aperio Group LLC raised its holdings in shares of CAE by 12.5% in the 3rd quarter. Aperio Group LLC now owns 329,095 shares of the aerospace company’s stock worth $5,769,000 after buying an additional 36,610 shares in the last quarter. Finally, AJO LP raised its holdings in shares of CAE by 25.7% in the 2nd quarter. AJO LP now owns 72,300 shares of the aerospace company’s stock worth $1,246,000 after buying an additional 14,800 shares in the last quarter. Institutional investors own 52.01% of the company’s stock.

Shares of CAE (NYSE CAE) traded down $0.01 during midday trading on Friday, hitting $18.41. The stock had a trading volume of 137,305 shares, compared to its average volume of 243,435. CAE has a 1-year low of $13.80 and a 1-year high of $18.59. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 0.55. The company has a market cap of $4,960.00, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.20 and a beta of 0.87.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.0709 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.54%. CAE’s payout ratio is currently 36.36%.

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About CAE

CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.

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