Equities analysts forecast that Cae Inc (NYSE:CAE) (TSE:CAE) will report sales of $523.23 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for CAE’s earnings, with the lowest sales estimate coming in at $513.30 million and the highest estimate coming in at $535.04 million. CAE posted sales of $515.41 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.5%. The firm is expected to issue its next earnings results on Friday, November 9th.
On average, analysts expect that CAE will report full year sales of $2.30 billion for the current year, with estimates ranging from $2.29 billion to $2.32 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.45 billion, with estimates ranging from $2.39 billion to $2.49 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover CAE.
CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Tuesday, August 14th. The aerospace company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $722.00 million during the quarter, compared to the consensus estimate of $729.04 million. CAE had a net margin of 12.36% and a return on equity of 13.48%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share.
A number of equities research analysts have recently commented on CAE shares. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday. ValuEngine upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Friday, September 7th.
Several hedge funds and other institutional investors have recently modified their holdings of the company. TD Asset Management Inc. grew its holdings in shares of CAE by 1.5% during the second quarter. TD Asset Management Inc. now owns 7,545,977 shares of the aerospace company’s stock worth $156,661,000 after buying an additional 109,294 shares in the last quarter. Fiera Capital Corp boosted its position in shares of CAE by 1,938.1% in the second quarter. Fiera Capital Corp now owns 4,544,364 shares of the aerospace company’s stock worth $94,414,000 after acquiring an additional 4,321,396 shares during the last quarter. Bank of Montreal Can boosted its position in shares of CAE by 4.2% in the third quarter. Bank of Montreal Can now owns 2,866,939 shares of the aerospace company’s stock worth $58,257,000 after acquiring an additional 116,785 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of CAE by 66.8% in the second quarter. Toronto Dominion Bank now owns 2,851,299 shares of the aerospace company’s stock worth $60,122,000 after acquiring an additional 1,141,540 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of CAE by 6.0% in the first quarter. The Manufacturers Life Insurance Company now owns 2,621,401 shares of the aerospace company’s stock worth $48,732,000 after acquiring an additional 147,227 shares during the last quarter. Institutional investors and hedge funds own 48.89% of the company’s stock.
Shares of NYSE CAE traded down $0.07 during midday trading on Friday, reaching $18.74. 157,000 shares of the stock were exchanged, compared to its average volume of 190,382. The company has a market cap of $5.43 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 2.16 and a beta of 0.66. CAE has a 52-week low of $16.84 and a 52-week high of $21.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.42 and a quick ratio of 1.05.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a dividend of $0.077 per share. The ex-dividend date was Thursday, September 13th. This is an increase from CAE’s previous quarterly dividend of $0.07. This represents a $0.31 dividend on an annualized basis and a dividend yield of 1.64%. CAE’s payout ratio is 35.63%.
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The 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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