Calian Group Ltd (TSE:CGY) to Post Q3 2018 Earnings of $0.60 Per Share, Desjardins Forecasts

Calian Group Ltd (TSE:CGY) – Equities research analysts at Desjardins issued their Q3 2018 EPS estimates for Calian Group in a research note issued on Thursday, Zacks Investment Research reports. Desjardins analyst B. Poirier anticipates that the company will earn $0.60 per share for the quarter. Desjardins has a “Buy” rating and a $37.00 price objective on the stock. Desjardins also issued estimates for Calian Group’s FY2018 earnings at $2.08 EPS.

Separately, Acumen Capital boosted their price objective on Calian Group from C$36.00 to C$38.00 in a report on Monday, November 20th.

Calian Group (CGY) traded down C$0.28 on Monday, hitting C$32.05. The company’s stock had a trading volume of 7,700 shares, compared to its average volume of 5,767. Calian Group has a 1 year low of C$23.92 and a 1 year high of C$34.95.

In other news, insider Patrick Joseph Thera sold 7,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of C$32.16, for a total transaction of C$225,120.00. Also, insider Kevin Lee Ford sold 1,700 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$33.06, for a total transaction of C$56,202.00. Insiders have sold 24,400 shares of company stock valued at $800,683 over the last 90 days.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.49%. The ex-dividend date is Tuesday, November 28th. Calian Group’s payout ratio is presently 55.72%.

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About Calian Group

Calian Group Ltd. engages in systems engineering, and business and technology services activities in Canada, the United States, and Europe. The company’s Systems Engineering segment plans, designs, and implements solutions in the satellite communications, defense/security, and high-end telecommunications sectors.

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Earnings History and Estimates for Calian Group (TSE:CGY)

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