CAE Inc (NYSE:CAE) (TSE:CAE) – Desjardins upped their Q4 2018 earnings estimates for CAE in a research report issued on Friday. Desjardins analyst B. Poirier now forecasts that the aerospace company will post earnings of $0.26 per share for the quarter, up from their prior forecast of $0.24. Desjardins also issued estimates for CAE’s FY2019 earnings at $0.96 EPS.
Several other brokerages have also recently issued reports on CAE. Zacks Investment Research cut CAE from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub raised CAE from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Finally, TD Securities cut CAE from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.50.
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Shares of CAE (NYSE CAE) traded up 0.30% on Monday, reaching $16.46. The company’s stock had a trading volume of 87,030 shares. The firm has a market capitalization of $4.38 billion, a PE ratio of 22.49 and a beta of 0.86. CAE has a one year low of $13.57 and a one year high of $17.88. The firm has a 50-day moving average price of $17.19 and a 200 day moving average price of $15.88.
CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, August 10th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.01. The company had revenue of $699 million for the quarter, compared to analysts’ expectations of $699.76 million. CAE had a net margin of 8.96% and a return on equity of 13.34%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS.
Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of CAE by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 185,560 shares of the aerospace company’s stock valued at $2,592,000 after buying an additional 7,531 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of CAE by 10.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 606,432 shares of the aerospace company’s stock valued at $8,494,000 after buying an additional 56,143 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of CAE by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 80,169 shares of the aerospace company’s stock valued at $1,223,000 after buying an additional 1,300 shares in the last quarter. Legato Capital Management LLC raised its stake in shares of CAE by 1,423.6% in the first quarter. Legato Capital Management LLC now owns 7,675,571 shares of the aerospace company’s stock valued at $503,766,000 after buying an additional 7,171,805 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of CAE by 42.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 42,135 shares of the aerospace company’s stock valued at $642,000 after buying an additional 12,559 shares in the last quarter. Hedge funds and other institutional investors own 56.12% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.071 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, September 14th. This is a positive change from CAE’s previous quarterly dividend of $0.06. CAE’s dividend payout ratio is currently 34.29%.
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.
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