Desjardins Weighs in on Cae Inc’s Q1 2020 Earnings (CAE)

Cae Inc (NYSE:CAE) (TSE:CAE) – Research analysts at Desjardins issued their Q1 2020 EPS estimates for shares of CAE in a research note issued on Tuesday, May 21st. Desjardins analyst B. Poirier expects that the aerospace company will post earnings of $0.20 per share for the quarter. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for CAE’s Q2 2020 earnings at $0.19 EPS, Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.36 EPS, FY2020 earnings at $1.04 EPS and FY2021 earnings at $1.15 EPS.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Friday, May 17th. The aerospace company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. CAE had a return on equity of 13.27% and a net margin of 10.07%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $945.05 million. During the same quarter last year, the firm earned $0.37 EPS. CAE’s revenue for the quarter was up 41.7% compared to the same quarter last year.



Other analysts have also issued research reports about the company. BMO Capital Markets reissued a “buy” rating and set a $33.00 price objective on shares of CAE in a report on Tuesday, April 30th. Zacks Investment Research raised CAE from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. CIBC reissued a “hold” rating and set a $37.00 price objective on shares of CAE in a report on Wednesday. Finally, National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $30.70.

Shares of NYSE:CAE opened at $26.38 on Wednesday. CAE has a 1-year low of $16.96 and a 1-year high of $27.42. The company has a market cap of $7.14 billion, a PE ratio of 27.77, a PEG ratio of 2.52 and a beta of 0.95. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.47.

Hedge funds have recently made changes to their positions in the stock. Wetherby Asset Management Inc. boosted its holdings in shares of CAE by 4.7% in the 4th quarter. Wetherby Asset Management Inc. now owns 13,276 shares of the aerospace company’s stock valued at $244,000 after purchasing an additional 592 shares in the last quarter. CLARET ASSET MANAGEMENT Corp raised its position in shares of CAE by 4.6% in the 4th quarter. CLARET ASSET MANAGEMENT Corp now owns 16,009 shares of the aerospace company’s stock worth $294,000 after acquiring an additional 708 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of CAE by 0.5% in the 1st quarter. Wells Fargo & Company MN now owns 217,963 shares of the aerospace company’s stock worth $4,828,000 after acquiring an additional 1,131 shares in the last quarter. Zions Bancorporation N.A. bought a new position in shares of CAE in the 1st quarter worth about $28,000. Finally, Advisor Group Inc. raised its position in shares of CAE by 5.4% in the 1st quarter. Advisor Group Inc. now owns 24,548 shares of the aerospace company’s stock worth $544,000 after acquiring an additional 1,261 shares in the last quarter. 49.22% of the stock is currently owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.0742 dividend. This represents a $0.30 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, June 13th. CAE’s dividend payout ratio is 31.58%.

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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Earnings History and Estimates for CAE (NYSE:CAE)

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