Brokerages expect Cae Inc (NYSE:CAE) (TSE:CAE) to post earnings per share of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for CAE’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.17. CAE posted earnings per share of $0.18 during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The business is scheduled to report its next earnings results on Tuesday, November 12th.

According to Zacks, analysts expect that CAE will report full-year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.05. For the next year, analysts anticipate that the company will report earnings of $1.14 per share, with EPS estimates ranging from $1.13 to $1.16. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover CAE.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Wednesday, August 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $825.60 million during the quarter, compared to analyst estimates of $849.39 million. CAE had a return on equity of 13.94% and a net margin of 9.45%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share.

Several analysts have issued reports on the stock. Raymond James restated a “hold” rating on shares of CAE in a research report on Friday, August 16th. Zacks Investment Research lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. TD Securities raised their price target on shares of CAE from $34.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Finally, Scotiabank upgraded shares of CAE from a “sector perform” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Friday, August 30th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. CAE presently has a consensus rating of “Hold” and an average price target of $34.00.

Several institutional investors have recently modified their holdings of the company. Swiss National Bank lifted its holdings in CAE by 0.3% during the 1st quarter. Swiss National Bank now owns 932,500 shares of the aerospace company’s stock valued at $20,668,000 after purchasing an additional 2,600 shares during the last quarter. Bluestein R H & Co. bought a new position in CAE during the 1st quarter valued at about $210,000. Parallel Advisors LLC lifted its holdings in CAE by 33.7% during the 2nd quarter. Parallel Advisors LLC now owns 5,362 shares of the aerospace company’s stock valued at $144,000 after purchasing an additional 1,353 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in CAE by 3.6% during the 1st quarter. JPMorgan Chase & Co. now owns 453,459 shares of the aerospace company’s stock valued at $10,044,000 after purchasing an additional 15,733 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in CAE by 0.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,050,901 shares of the aerospace company’s stock valued at $243,874,000 after purchasing an additional 80,036 shares during the last quarter. Institutional investors and hedge funds own 51.67% of the company’s stock.

NYSE CAE traded down $0.44 during midday trading on Friday, hitting $25.14. The company had a trading volume of 111,137 shares, compared to its average volume of 197,623. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.79 and a beta of 0.82. The firm has a fifty day simple moving average of $25.88 and a two-hundred day simple moving average of $24.87. CAE has a fifty-two week low of $16.96 and a fifty-two week high of $28.03.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.083 per share. This is a positive change from CAE’s previous quarterly dividend of $0.07. This represents a $0.33 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, September 12th. CAE’s payout ratio is 34.74%.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's 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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Earnings History and Estimates for CAE (NYSE:CAE)

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