Desjardins Comments on Cae Inc’s Q4 2019 Earnings (CAE)

Cae Inc (TSE:CAE) (NYSE:CAE) – Research analysts at Desjardins increased their Q4 2019 earnings per share (EPS) estimates for shares of CAE in a research report issued to clients and investors on Monday, February 11th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $0.46 per share for the quarter, up from their prior estimate of $0.41.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings results on Tuesday, November 13th. The company reported C$0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.23. The firm had revenue of C$743.80 million during the quarter, compared to analysts’ expectations of C$652.83 million.

Other analysts have also issued research reports about the company. TD Securities boosted their price target on CAE from C$28.00 to C$29.00 and gave the company a “hold” rating in a report on Monday. Raymond James reiterated a “market perform” rating and issued a C$27.50 price target on shares of CAE in a report on Monday. CIBC boosted their price target on CAE from C$27.00 to C$29.00 in a report on Monday, November 26th. National Bank Financial lowered their price target on CAE from C$30.00 to C$29.00 in a report on Friday, November 9th. Finally, BMO Capital Markets boosted their price target on CAE from C$29.00 to C$30.00 in a report on Wednesday, November 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$28.86.

Shares of TSE CAE opened at C$27.46 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 56.88. The company has a market capitalization of $7.42 billion and a P/E ratio of 25.43. CAE has a 52-week low of C$22.10 and a 52-week high of C$28.23.

In other CAE news, insider Nick Leontidis acquired 10,000 shares of CAE stock in a transaction that occurred on Tuesday, November 27th. The stock was bought at an average price of C$26.53 per share, with a total value of C$265,300.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Thursday, March 14th. CAE’s dividend payout ratio (DPR) is 35.19%.

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 (TSE:CAE)

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