$811.73 Million in Sales Expected for Cae Inc (NYSE:CAE) This Quarter

Wall Street brokerages expect Cae Inc (NYSE:CAE) (TSE:CAE) to post $811.73 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for CAE’s earnings, with the highest sales estimate coming in at $825.00 million and the lowest estimate coming in at $798.46 million. CAE reported sales of $768.72 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The firm is expected to issue its next quarterly earnings report on Friday, May 15th.

On average, analysts expect that CAE will report full-year sales of $2.81 billion for the current fiscal year, with estimates ranging from $2.76 billion to $2.84 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.01 billion, with estimates ranging from $2.91 billion to $3.09 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow CAE.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Friday, February 7th. The aerospace company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $699.70 million during the quarter, compared to analyst estimates of $729.60 million. CAE had a net margin of 9.69% and a return on equity of 15.18%.

A number of equities research analysts recently issued reports on CAE shares. Scotiabank upgraded shares of CAE from a “sector perform” rating to an “outperform” rating in a report on Thursday, March 19th. Canaccord Genuity upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Monday. TD Securities reiterated a “hold” rating and set a $32.00 price objective on shares of CAE in a research note on Monday, March 16th. Raymond James reiterated a “hold” rating and set a $40.00 price objective on shares of CAE in a research note on Tuesday, February 11th. Finally, Zacks Investment Research downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $35.88.

CAE stock traded up $0.20 during trading on Monday, reaching $13.78. The company had a trading volume of 1,327,494 shares, compared to its average volume of 572,680. CAE has a 12-month low of $9.80 and a 12-month high of $31.56. The stock’s 50 day moving average price is $24.21 and its two-hundred day moving average price is $25.94. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.53 and a beta of 0.85. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 1.17.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.0828 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.33 annualized dividend and a yield of 2.40%. CAE’s dividend payout ratio is currently 34.74%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jarislowsky Fraser Ltd boosted its stake in shares of CAE by 0.9% in the fourth quarter. Jarislowsky Fraser Ltd now owns 11,785,723 shares of the aerospace company’s stock valued at $312,468,000 after purchasing an additional 109,350 shares during the period. Franklin Resources Inc. boosted its stake in shares of CAE by 8.9% in the fourth quarter. Franklin Resources Inc. now owns 5,412,780 shares of the aerospace company’s stock valued at $143,323,000 after purchasing an additional 441,224 shares during the period. FMR LLC boosted its stake in shares of CAE by 3.2% in the fourth quarter. FMR LLC now owns 4,834,993 shares of the aerospace company’s stock valued at $128,009,000 after purchasing an additional 149,559 shares during the period. Fiera Capital Corp boosted its stake in shares of CAE by 3.0% in the fourth quarter. Fiera Capital Corp now owns 3,722,394 shares of the aerospace company’s stock valued at $98,610,000 after purchasing an additional 107,634 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of CAE by 2.1% in the fourth quarter. Bank of Montreal Can now owns 3,577,165 shares of the aerospace company’s stock valued at $94,651,000 after purchasing an additional 74,540 shares during the period. Institutional investors own 50.18% of the company’s stock.

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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