Q3 2019 EPS Estimates for Calian Group Ltd Lowered by Desjardins (CGY)

Calian Group Ltd (TSE:CGY) – Desjardins decreased their Q3 2019 earnings estimates for shares of Calian Group in a report issued on Wednesday, May 15th. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $0.57 for the quarter, down from their previous estimate of $0.58. Desjardins also issued estimates for Calian Group’s FY2020 earnings at $2.48 EPS.

Shares of TSE:CGY opened at C$33.28 on Friday. The stock has a market capitalization of $262.21 million and a P/E ratio of 16.98. The company has a debt-to-equity ratio of 12.07, a quick ratio of 1.82 and a current ratio of 1.95. Calian Group has a fifty-two week low of C$25.76 and a fifty-two week high of C$34.95.

In other Calian Group news, Senior Officer Jacqueline Gauthier sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$33.25, for a total transaction of C$166,250.00. Following the transaction, the insider now owns 18,893 shares of the company’s stock, valued at approximately C$628,192.25. Also, Director Raymond Gregory Basler sold 1,503 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$30.93, for a total transaction of C$46,487.79. Following the transaction, the director now directly owns 44,628 shares in the company, valued at approximately C$1,380,344.04. In the last three months, insiders have sold 36,503 shares of company stock worth $1,137,738.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.12 annualized dividend and a yield of 3.37%. Calian Group’s payout ratio is 57.14%.

About Calian Group

Calian Group Ltd. engages in the systems engineering, manufacturing, training, information technology, and health care solutions to industries and government in Canada, the United States, and Europe. The company's Systems Engineering division plans, designs, and implements solutions in satellite communications, defense/security, and high-end telecommunications sectors.

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Earnings History and Estimates for Calian Group (TSE:CGY)

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