Cae Inc (NYSE:CAE) Expected to Post Earnings of $0.20 Per Share

Analysts expect that Cae Inc (NYSE:CAE) (TSE:CAE) will post $0.20 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have provided estimates for CAE’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.21. CAE also posted earnings of $0.20 per share in the same quarter last year. The business is expected to report its next earnings report before the market opens on Wednesday, August 14th.

On average, analysts expect that CAE will report full-year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.10. For the next financial year, analysts forecast that the business will post earnings of $1.16 per share, with EPS estimates ranging from $1.15 to $1.18. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover CAE.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Friday, May 17th. The aerospace company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $945.05 million. CAE had a net margin of 9.98% and a return on equity of 14.22%. CAE’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 earnings per share.



Several research firms have commented on CAE. Desjardins lowered shares of CAE from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$31.00 to C$37.00 in a research note on Tuesday, May 21st. Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research note on Tuesday, June 25th. CIBC reaffirmed a “hold” rating and set a $37.00 price objective on shares of CAE in a research note on Wednesday, May 22nd. National Bank Financial set a C$12.50 price objective on shares of Dream Industrial Real Estate Invest Trst and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets dropped their price objective on shares of DXC Technology from $88.00 to $70.00 and set an “outperform” rating for the company in a research note on Tuesday, May 21st. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.70.

Several large investors have recently added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in shares of CAE by 25.0% in the 4th quarter. Northern Trust Corp now owns 146,093 shares of the aerospace company’s stock valued at $2,681,000 after buying an additional 29,231 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of CAE by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 364,192 shares of the aerospace company’s stock valued at $6,683,000 after buying an additional 15,246 shares during the period. Stifel Financial Corp acquired a new position in shares of CAE in the 4th quarter valued at $368,000. Geode Capital Management LLC grew its holdings in shares of CAE by 17.8% in the 4th quarter. Geode Capital Management LLC now owns 240,280 shares of the aerospace company’s stock valued at $4,382,000 after buying an additional 36,308 shares during the period. Finally, RMB Capital Management LLC acquired a new position in shares of CAE in the 4th quarter valued at $574,000. Institutional investors and hedge funds own 47.13% of the company’s stock.

NYSE CAE traded down $0.23 on Monday, hitting $26.91. 121,574 shares of the stock were exchanged, compared to its average volume of 231,375. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average price of $26.61. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 2.60 and a beta of 0.79. CAE has a 52-week low of $16.96 and a 52-week high of $28.03.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.0742 per share. This represents a $0.30 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, June 13th. CAE’s 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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