Equities research analysts predict that Cae Inc (NYSE:CAE) (TSE:CAE) will announce $585.04 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for CAE’s earnings, with the lowest sales estimate coming in at $569.45 million and the highest estimate coming in at $600.63 million. CAE posted sales of $555.04 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.4%. The firm is expected to issue its next earnings results on Wednesday, May 30th.

According to Zacks, analysts expect that CAE will report full year sales of $585.04 million for the current financial year, with estimates ranging from $2.21 billion to $2.25 billion. For the next year, analysts anticipate that the firm will post sales of $2.34 billion per share, with estimates ranging from $2.30 billion to $2.40 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow CAE.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Friday, February 9th. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. The business had revenue of $704.40 million for the quarter, compared to the consensus estimate of $729.98 million. CAE had a net margin of 11.31% and a return on equity of 13.24%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share.

Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of CAE from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Royal Bank of Canada raised shares of CAE from a “sector perform” rating to an “outperform” rating in a report on Monday. AltaCorp Capital reaffirmed a “hold” rating and set a $21.00 price objective on shares of CAE in a report on Sunday, November 12th. Finally, ValuEngine downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.33.

CAE (NYSE:CAE) opened at $18.51 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 0.55. The stock has a market cap of $4,673.93, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.08 and a beta of 0.79. CAE has a twelve month low of $14.48 and a twelve month high of $19.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a $0.071 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.53%. This is a boost from CAE’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, March 14th. CAE’s dividend payout ratio is 31.87%.

CAE announced that its Board of Directors has approved a share buyback plan on Friday, February 9th that allows the company to repurchase 5,350,000 shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. raised its position in shares of CAE by 89.8% in the second quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after buying an additional 3,354 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of CAE in the fourth quarter valued at about $132,000. Dean Capital Investments Management LLC acquired a new stake in shares of CAE in the fourth quarter valued at about $338,000. Alliancebernstein L.P. raised its position in shares of CAE by 13.1% in the second quarter. Alliancebernstein L.P. now owns 22,113 shares of the aerospace company’s stock valued at $381,000 after buying an additional 2,568 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of CAE in the fourth quarter valued at about $493,000. Institutional investors and hedge funds own 52.12% of the company’s stock.

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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.

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Earnings History and Estimates for CAE (NYSE:CAE)

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