CAE Inc. (NYSE:CAE) (TSE:CAE) – Investment analysts at National Bank Financial issued their FY2020 earnings per share estimates for shares of CAE in a research note issued to investors on Tuesday, April 10th. National Bank Financial analyst C. Doerksen expects that the aerospace company will earn $1.07 per share for the year.
Several other equities research analysts have also issued reports on CAE. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, April 4th. ValuEngine upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Royal Bank of Canada upgraded shares of CAE from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.00.
CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Friday, February 9th. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. CAE had a net margin of 11.31% and a return on equity of 13.03%. The company had revenue of $704.40 million during the quarter, compared to analyst estimates of $729.98 million. During the same quarter last year, the business posted $0.26 EPS. CAE’s quarterly revenue was up 3.2% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in CAE by 13.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 433,750 shares of the aerospace company’s stock valued at $8,051,000 after buying an additional 49,839 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in CAE by 59.6% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 13,657 shares of the aerospace company’s stock valued at $255,000 after buying an additional 5,100 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in CAE by 8.8% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 607,200 shares of the aerospace company’s stock valued at $14,178,000 after buying an additional 49,100 shares in the last quarter. Two Sigma Investments LP grew its stake in CAE by 39.0% in the 4th quarter. Two Sigma Investments LP now owns 49,783 shares of the aerospace company’s stock valued at $924,000 after buying an additional 13,977 shares in the last quarter. Finally, Granite Springs Asset Management LLC purchased a new position in CAE in the 4th quarter valued at approximately $909,000. Institutional investors and hedge funds own 52.09% of the company’s stock.
CAE declared that its board has authorized a share repurchase plan on Friday, February 9th that allows the company to repurchase 5,350,000 shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were paid a $0.071 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.47%. This is a positive change from CAE’s previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, March 14th. CAE’s payout ratio is currently 36.71%.
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CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates in three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The 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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