Analysts expect that CAE Inc (NYSE:CAE) (TSE:CAE) will announce $514.01 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for CAE’s earnings. The highest sales estimate is $523.18 million and the lowest is $503.80 million. CAE reported sales of $505.47 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%. The company is expected to report its next earnings results on Wednesday, August 9th.
According to Zacks, analysts expect that CAE will report full-year sales of $514.01 million for the current fiscal year, with estimates ranging from $2.13 billion to $2.15 billion. For the next year, analysts anticipate that the company will post sales of $2.24 billion per share, with estimates ranging from $2.22 billion to $2.28 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover CAE.
CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Wednesday, May 31st. The aerospace company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $734.70 million for the quarter, compared to the consensus estimate of $748.41 million. CAE had a net margin of 9.30% and a return on equity of 13.96%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, April 18th. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.00.
Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its position in shares of CAE by 26.9% in the first quarter. Goldman Sachs Group Inc. now owns 696,854 shares of the aerospace company’s stock valued at $10,654,000 after buying an additional 147,783 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of CAE by 21.9% in the first quarter. Bank of Nova Scotia now owns 1,726,567 shares of the aerospace company’s stock valued at $26,383,000 after buying an additional 309,875 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of CAE by 0.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock valued at $130,000 after buying an additional 57 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of CAE during the first quarter valued at about $1,941,000. Finally, AQR Capital Management LLC boosted its position in shares of CAE by 18.9% in the first quarter. AQR Capital Management LLC now owns 544,906 shares of the aerospace company’s stock valued at $8,302,000 after buying an additional 86,646 shares in the last quarter. 57.60% of the stock is currently owned by institutional investors.
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CAE (CAE) traded up 0.73% during mid-day trading on Friday, hitting $16.61. 330,989 shares of the stock traded hands. The stock has a market cap of $4.46 billion, a PE ratio of 24.11 and a beta of 0.85. CAE has a 12-month low of $11.85 and a 12-month high of $16.70. The company has a 50 day moving average of $16.02 and a 200-day moving average of $15.02.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.059 dividend. This is a boost from CAE’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, June 13th. CAE’s payout ratio is currently 33.80%.
CAE Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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