Cae Inc (NYSE:CAE) Expected to Announce Earnings of $0.27 Per Share

Analysts predict that Cae Inc (NYSE:CAE) (TSE:CAE) will report earnings per share (EPS) of $0.27 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CAE’s earnings. CAE posted earnings of $0.22 per share in the same quarter last year, which suggests a positive year over year growth rate of 22.7%. The business is expected to announce its next quarterly earnings results before the market opens on Friday, February 7th.

On average, analysts expect that CAE will report full year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $1.01 to $1.06. For the next fiscal year, analysts anticipate that the company will report earnings of $1.16 per share, with EPS estimates ranging from $1.14 to $1.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover CAE.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Wednesday, November 13th. The aerospace company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The company had revenue of $896.80 million during the quarter, compared to analyst estimates of $850.51 million. CAE had a net margin of 9.41% and a return on equity of 14.44%. CAE’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS.

CAE has been the subject of several recent analyst reports. ValuEngine lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.20.

A number of large investors have recently modified their holdings of CAE. Invesco Ltd. increased its stake in CAE by 1,080.6% during the second quarter. Invesco Ltd. now owns 5,753,098 shares of the aerospace company’s stock worth $154,529,000 after purchasing an additional 5,265,791 shares during the period. Sandler Capital Management increased its stake in shares of CAE by 77.9% during the second quarter. Sandler Capital Management now owns 640,434 shares of the aerospace company’s stock worth $17,202,000 after buying an additional 280,434 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of CAE during the third quarter worth approximately $5,210,000. Vanguard Group Inc. increased its stake in shares of CAE by 2.5% during the second quarter. Vanguard Group Inc. now owns 7,537,721 shares of the aerospace company’s stock worth $202,464,000 after buying an additional 181,716 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of CAE by 58.4% during the second quarter. Bank of America Corp DE now owns 352,207 shares of the aerospace company’s stock worth $9,459,000 after buying an additional 129,890 shares during the period. Institutional investors own 49.16% of the company’s stock.

NYSE:CAE opened at $29.55 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.18 and a quick ratio of 0.84. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 2.89 and a beta of 0.79. The company has a 50 day moving average price of $26.88 and a 200-day moving average price of $26.22. CAE has a 1-year low of $19.66 and a 1-year high of $29.99.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.084 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.34 dividend on an annualized basis and a yield of 1.14%. This is a boost from CAE’s previous quarterly dividend of $0.08. CAE’s dividend payout ratio is presently 34.74%.

About CAE

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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