Desjardins Comments on Calian Group Ltd’s Q3 2018 Earnings (CGY)

Calian Group Ltd (TSE:CGY) – Equities research analysts at Desjardins increased their Q3 2018 earnings per share (EPS) estimates for shares of Calian Group in a report issued on Thursday, Zacks Investment Research reports. Desjardins analyst B. Poirier now anticipates that the company will earn $0.61 per share for the quarter, up from their previous forecast of $0.60. Desjardins currently has a “Buy” rating and a $37.00 price target on the stock. Desjardins also issued estimates for Calian Group’s Q4 2018 earnings at $0.54 EPS and FY2019 earnings at $2.16 EPS.

Separately, Acumen Capital increased their price target on Calian Group from C$36.00 to C$38.00 in a research note on Monday, November 20th.

Shares of Calian Group (TSE:CGY) traded up C$0.33 during trading on Friday, reaching C$32.10. The company had a trading volume of 3,800 shares, compared to its average volume of 5,412. Calian Group has a one year low of C$24.51 and a one year high of C$34.95. The company has a market cap of $244.38, a PE ratio of 15.36 and a beta of -0.22.

Calian Group (TSE:CGY) last announced its earnings results on Wednesday, November 15th. The company reported C$0.56 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.44 by C$0.12. Calian Group had a return on equity of 19.67% and a net margin of 5.98%.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Wednesday, March 7th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.12 dividend on an annualized basis and a yield of 3.49%. Calian Group’s payout ratio is presently 53.59%.

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About Calian Group

Calian Group Ltd. engages in the systems engineering, manufacturing, training, information technology, and health care solutions to industries and government in Canada, the United States, and Europe. The company's Systems Engineering division plans, designs, and implements solutions in satellite communications, defense/security, and high-end telecommunications sectors.

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