Brokerages Anticipate Cae Inc (CAE) Will Post Quarterly Sales of $580.36 Million

Wall Street analysts expect Cae Inc (NYSE:CAE) (TSE:CAE) to announce sales of $580.36 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for CAE’s earnings, with the lowest sales estimate coming in at $557.76 million and the highest estimate coming in at $592.04 million. CAE reported sales of $554.60 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The company is expected to report its next quarterly earnings results on Friday, February 8th.

On average, analysts expect that CAE will report full-year sales of $2.38 billion for the current financial year, with estimates ranging from $2.37 billion to $2.39 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.74 billion, with estimates ranging from $2.50 billion to $2.97 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow CAE.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Tuesday, November 13th. The aerospace company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. CAE had a return on equity of 13.36% and a net margin of 11.83%. The company had revenue of $743.80 million for the quarter, compared to analyst estimates of $661.29 million. During the same quarter last year, the company earned $0.22 earnings per share. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year.

A number of equities analysts have commented on CAE shares. TD Securities restated a “hold” rating on shares of CAE in a research note on Monday, November 12th. Scotiabank restated an “average” rating and set a $31.00 price objective on shares of CAE in a research note on Tuesday, November 13th. ValuEngine upgraded CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. Zacks Investment Research upgraded CAE from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, October 16th. Finally, Macquarie upgraded CAE from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $28.25.

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of CAE by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,087,853 shares of the aerospace company’s stock valued at $144,025,000 after acquiring an additional 331,851 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of CAE during the 3rd quarter valued at $23,534,000. Neuberger Berman Group LLC boosted its holdings in shares of CAE by 998.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 357,931 shares of the aerospace company’s stock valued at $7,270,000 after acquiring an additional 325,357 shares in the last quarter. Knowledge Leaders Capital LLC acquired a new stake in shares of CAE during the 3rd quarter valued at $1,762,000. Finally, AQR Capital Management LLC boosted its holdings in shares of CAE by 47.4% during the 3rd quarter. AQR Capital Management LLC now owns 392,966 shares of the aerospace company’s stock valued at $7,971,000 after acquiring an additional 126,434 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

CAE stock traded up $0.27 during mid-day trading on Thursday, reaching $20.29. 193,932 shares of the company were exchanged, compared to its average volume of 161,113. CAE has a 12 month low of $16.84 and a 12 month high of $21.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.35 and a quick ratio of 0.99. The firm has a market cap of $5.40 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a $0.076 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, December 13th. CAE’s dividend payout ratio is presently 35.63%.

About CAE

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The 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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