$579.54 Million in Sales Expected for Cae Inc (CAE) This Quarter

Brokerages expect Cae Inc (NYSE:CAE) (TSE:CAE) to report $579.54 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for CAE’s earnings, with the lowest sales estimate coming in at $550.97 million and the highest estimate coming in at $610.94 million. CAE reported sales of $511.46 million in the same quarter last year, which indicates a positive year over year growth rate of 13.3%. The business is expected to report its next earnings report on Tuesday, February 13th.

On average, analysts expect that CAE will report full-year sales of $579.54 million for the current year, with estimates ranging from $2.21 billion to $2.25 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.34 billion per share, with estimates ranging from $2.30 billion to $2.40 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for CAE.

A number of equities analysts recently issued reports on CAE shares. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, November 14th. ValuEngine cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, AltaCorp Capital reiterated a “hold” rating and issued a $21.00 price target on shares of CAE in a research note on Sunday, November 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.33.

Institutional investors and hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. lifted its stake in shares of CAE by 13.1% in the 2nd quarter. Alliancebernstein L.P. now owns 22,113 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 2,568 shares during the period. Advisor Group Inc. lifted its stake in shares of CAE by 89.8% in the 2nd quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 3,354 shares during the period. Eaton Vance Management lifted its stake in shares of CAE by 2.7% in the 2nd quarter. Eaton Vance Management now owns 169,266 shares of the aerospace company’s stock worth $2,918,000 after purchasing an additional 4,390 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of CAE by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 227,610 shares of the aerospace company’s stock worth $3,924,000 after purchasing an additional 5,395 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of CAE by 1.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 568,634 shares of the aerospace company’s stock worth $9,790,000 after purchasing an additional 6,461 shares during the period. Institutional investors and hedge funds own 52.01% of the company’s stock.

CAE (CAE) opened at $18.72 on Thursday. The stock has a market cap of $5,040.00, a PE ratio of 23.70, a P/E/G ratio of 2.25 and a beta of 0.87. CAE has a one year low of $13.80 and a one year high of $19.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.69 and a quick ratio of 1.34.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.0709 per share. This represents a $0.28 annualized dividend and a yield of 1.51%. The ex-dividend date was Thursday, December 14th. CAE’s dividend payout ratio is currently 36.71%.

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About CAE

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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Earnings History and Estimates for CAE (NYSE:CAE)

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