Cae Inc (NYSE:CAE) Expected to Post Quarterly Sales of $729.60 Million

Wall Street brokerages predict that Cae Inc (NYSE:CAE) (TSE:CAE) will post sales of $729.60 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for CAE’s earnings, with the highest sales estimate coming in at $744.04 million and the lowest estimate coming in at $715.16 million. CAE posted sales of $617.73 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.1%. The business is scheduled to announce its next quarterly earnings report on Friday, February 14th.

According to Zacks, analysts expect that CAE will report full-year sales of $2.88 billion for the current year, with estimates ranging from $2.87 billion to $2.88 billion. For the next year, analysts expect that the firm will report sales of $3.05 billion, with estimates ranging from $3.03 billion to $3.08 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover CAE.

CAE (NYSE:CAE) (TSE:CAE) last issued its 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 business had revenue of $896.80 million during the quarter, compared to the consensus estimate of $850.51 million. CAE had a return on equity of 14.44% and a net margin of 9.41%. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS.

CAE has been the topic of a number of analyst reports. Raymond James reaffirmed a “hold” rating on shares of CAE in a research note on Friday, August 16th. ValuEngine lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Scotiabank upgraded CAE from a “sector perform” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Friday, August 30th. TD Securities increased their price objective on CAE from $34.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Finally, Zacks Investment Research raised CAE from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Monday, October 21st. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.20.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC boosted 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 acquiring an additional 1,353 shares during the period. First Bank & Trust boosted its stake in shares of CAE by 22.2% in the second quarter. First Bank & Trust now owns 6,776 shares of the aerospace company’s stock valued at $182,000 after purchasing an additional 1,229 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of CAE by 32.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,227 shares of the aerospace company’s stock valued at $194,000 after purchasing an additional 1,774 shares during the period. Paloma Partners Management Co acquired a new position in shares of CAE in the second quarter valued at approximately $217,000. Finally, Integre Asset Management LLC acquired a new position in shares of CAE in the second quarter valued at approximately $225,000. 49.09% of the stock is currently owned by institutional investors.

Shares of CAE traded up $0.26 during mid-day trading on Friday, reaching $26.29. The stock had a trading volume of 254,180 shares, compared to its average volume of 195,929. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.18 and a quick ratio of 0.84. CAE has a 52-week low of $17.82 and a 52-week high of $28.03. The business’s fifty day moving average is $25.89 and its 200 day moving average is $26.00. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 2.62 and a beta of 0.81.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.084 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from CAE’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.28%. CAE’s dividend payout ratio (DPR) is currently 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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