$579.54 Million in Sales Expected for Cae Inc (CAE) This Quarter
Brokerages predict that Cae Inc (NYSE:CAE) (TSE:CAE) will post sales of $579.54 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for CAE’s earnings. The highest sales estimate is $610.94 million and the lowest is $550.97 million. CAE reported sales of $511.46 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The business is expected to report its next quarterly earnings report on Tuesday, February 13th.
On average, analysts expect that CAE will report full year sales of $579.54 million for the current year, with estimates ranging from $2.21 billion to $2.25 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.34 billion per share, with estimates ranging from $2.30 billion to $2.40 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover CAE.
A number of research firms recently commented on CAE. Zacks Investment Research cut shares of CAE from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. 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 report on Wednesday, August 30th. They noted that the move was a valuation call. AltaCorp Capital reaffirmed a “hold” rating and issued a $21.00 price target on shares of CAE in a report on Sunday, November 12th. Finally, ValuEngine cut shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. CAE currently has a consensus rating of “Hold” and a consensus target price of $21.33.
CAE (NYSE CAE) traded up $0.28 during trading hours on Tuesday, hitting $18.46. 280,600 shares of the company were exchanged, compared to its average volume of 244,363. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.69 and a quick ratio of 1.34. The company has a market cap of $4,950.12, a PE ratio of 24.61, a PEG ratio of 2.20 and a beta of 0.86. CAE has a 52 week low of $13.80 and a 52 week high of $18.50.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.0709 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.54%. CAE’s payout ratio is 37.33%.
Hedge funds have recently modified their holdings of the business. Advisor Group Inc. raised its holdings in CAE by 89.8% during the 2nd quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after acquiring an additional 3,354 shares during the period. Citadel Advisors LLC bought a new position in shares of CAE in the second quarter worth $248,000. Advisors Asset Management Inc. increased its holdings in shares of CAE by 87.6% in the second quarter. Advisors Asset Management Inc. now owns 16,237 shares of the aerospace company’s stock worth $280,000 after purchasing an additional 7,582 shares during the period. Alliancebernstein L.P. increased its holdings in shares of CAE by 13.1% in the second quarter. Alliancebernstein L.P. now owns 22,113 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 2,568 shares during the period. Finally, Airain ltd bought a new position in shares of CAE in the second quarter worth $389,000. 52.01% of the stock is currently owned by institutional investors and hedge funds.
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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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