CAE Inc (CAE) Forecasted to Earn FY2020 Earnings of $1.02 Per Share
CAE Inc (NYSE:CAE) (TSE:CAE) – Desjardins issued their FY2020 earnings estimates for shares of CAE in a report released on Monday. Desjardins analyst B. Poirier anticipates that the aerospace company will post earnings of $1.02 per share for the year.
Several other equities analysts have also weighed in on CAE. BidaskClub lowered shares of CAE from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, August 1st. BMO Capital Markets raised shares of CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research note on Wednesday, August 30th. They noted that the move was a valuation call. Finally, AltaCorp Capital reaffirmed a “hold” rating and set a $21.00 price target on shares of CAE in a research note on Sunday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $21.00.
CAE (NYSE:CAE) traded up $0.13 during trading hours on Tuesday, hitting $17.57. 324,800 shares of the company traded hands, compared to its average volume of 237,657. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.24. The firm has a market cap of $4,660.00, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.89. CAE has a 1-year low of $13.75 and a 1-year high of $18.25.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CAE. Wellington Management Group LLP bought a new stake in shares of CAE in the 1st quarter worth about $346,000. Vanguard Group Inc. increased its position in shares of CAE by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 5,634,957 shares of the aerospace company’s stock worth $86,159,000 after purchasing an additional 367,181 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of CAE by 19.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 222,215 shares of the aerospace company’s stock worth $3,398,000 after purchasing an additional 36,655 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of CAE by 26.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 696,854 shares of the aerospace company’s stock worth $10,654,000 after purchasing an additional 147,783 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. bought a new stake in shares of CAE in the 2nd quarter worth about $754,000. 53.03% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.0709 per share. This represents a $0.28 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, December 14th. CAE’s dividend payout ratio (DPR) is 37.66%.
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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