The Cae Inc (CAE) to Post FY2018 Earnings of $0.81 Per Share, Desjardins Forecasts

The Cae Inc (CAE) to Post FY2018 Earnings of $0.81 Per Share, Desjardins Forecasts

Cae Inc (NYSE:CAE) (TSE:CAE) – Research analysts at Desjardins cut their FY2018 earnings per share estimates for shares of Cae in a research note issued on Wednesday. Desjardins analyst B. Poirier now expects that the aerospace company will post earnings per share of $0.81 for the year, down from their prior estimate of $0.83. Desjardins also issued estimates for Cae’s FY2019 earnings at $0.90 EPS.

Cae (NYSE:CAE) last issued its quarterly earnings data on Wednesday, May 31st. The aerospace company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Cae had a return on equity of 13.19% and a net margin of 8.90%. The firm had revenue of $734.70 million during the quarter, compared to the consensus estimate of $748.41 million. During the same quarter in the previous year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year.

Cae (NYSE:CAE) last issued its quarterly earnings data on Wednesday, May 31st. The aerospace company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Cae had a return on equity of 13.19% and a net margin of 8.90%. The firm had revenue of $734.70 million during the quarter, compared to the consensus estimate of $748.41 million. During the same quarter in the previous year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. A number of other brokerages have also recently commented on CAE. Zacks Investment Research upgraded Cae from a “sell” rating to a “hold” rating in a research note on Friday. TD Securities cut Cae from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Scotiabank upgraded Cae from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 15th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.00.

Shares of Cae (CAE) opened at 16.28 on Monday. The company has a market cap of $4.37 billion, a P/E ratio of 24.56 and a beta of 0.83. Cae has a 52-week low of $11.85 and a 52-week high of $16.59. The stock’s 50 day moving average price is $15.68 and its 200-day moving average price is $14.88. The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.059 per share. This is a positive change from Cae’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, June 13th. Cae’s dividend payout ratio (DPR) is currently 36.92%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Cae by 0.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock valued at $130,000 after buying an additional 57 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of Cae during the first quarter valued at about $138,000. Trexquant Investment LP bought a new position in shares of Cae during the first quarter valued at about $173,000. Wetherby Asset Management Inc. bought a new position in shares of Cae during the first quarter valued at about $207,000. Finally, Prudential PLC bought a new position in shares of Cae during the fourth quarter valued at about $208,000. 58.78% of the stock is owned by institutional investors and hedge funds. Cae Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CAE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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