Zacks: Analysts Anticipate Cae Inc (NYSE:CAE) Will Post Earnings of $0.36 Per Share

Equities analysts expect Cae Inc (NYSE:CAE) (TSE:CAE) to report earnings per share (EPS) of $0.36 for the current quarter, according to Zacks. Two analysts have provided estimates for CAE’s earnings, with estimates ranging from $0.33 to $0.38. CAE also posted earnings of $0.36 per share during the same quarter last year. The business is expected to report its next earnings report on Friday, May 15th.

According to Zacks, analysts expect that CAE will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.82 to $1.03. For the next fiscal year, analysts expect that the business will report earnings of $1.15 per share, with EPS estimates ranging from $1.07 to $1.20. Zacks’ EPS calculations are an average based on a survey of research firms that follow CAE.

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

CAE has been the topic of several research reports. Scotiabank upgraded CAE from a “sector perform” rating to an “outperform” rating in a research note on Thursday, March 19th. Canaccord Genuity upgraded CAE from a “hold” rating to a “buy” rating in a research note on Monday. Raymond James restated a “hold” rating and issued a $40.00 target price on shares of CAE in a research note on Tuesday, February 11th. Zacks Investment Research cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, TD Securities restated a “hold” rating and issued a $32.00 target price on shares of CAE in a research note on Monday, March 16th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.88.

Several institutional investors have recently made changes to their positions in CAE. NEXT Financial Group Inc raised its stake in shares of CAE by 113.8% during the 4th quarter. NEXT Financial Group Inc now owns 1,114 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 593 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of CAE during the 4th quarter worth approximately $54,000. Tower Research Capital LLC TRC raised its stake in shares of CAE by 796.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,906 shares of the aerospace company’s stock worth $77,000 after purchasing an additional 2,582 shares in the last quarter. Accurate Investment Solutions Inc. raised its stake in shares of CAE by 302.6% during the 4th quarter. Accurate Investment Solutions Inc. now owns 2,959 shares of the aerospace company’s stock worth $78,000 after purchasing an additional 2,224 shares in the last quarter. Finally, Pacifica Partners Inc. bought a new stake in shares of CAE during the 4th quarter worth approximately $113,000. Institutional investors own 50.18% of the company’s stock.

Shares of CAE traded up $0.20 on Friday, hitting $13.78. The company’s stock had a trading volume of 1,327,494 shares, compared to its average volume of 572,680. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.53 and a beta of 0.85. The firm’s fifty day moving average price is $24.21 and its 200-day moving average price is $25.94. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 1.01. CAE has a fifty-two week low of $9.80 and a fifty-two week high of $31.56.

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

About CAE

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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