$523.23 Million in Sales Expected for Cae Inc (CAE) This Quarter
Analysts expect that Cae Inc (NYSE:CAE) (TSE:CAE) will post sales of $523.23 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for CAE’s earnings, with the lowest sales estimate coming in at $513.30 million and the highest estimate coming in at $535.04 million. CAE posted sales of $515.41 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.5%. The business is scheduled to report its next earnings report on Friday, November 9th.
On average, analysts expect that CAE will report full year sales of $2.30 billion for the current year, with estimates ranging from $2.29 billion to $2.32 billion. For the next financial year, analysts forecast that the firm will post sales of $2.45 billion per share, with estimates ranging from $2.39 billion to $2.49 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow CAE.
CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Tuesday, August 14th. The aerospace company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. CAE had a return on equity of 13.48% and a net margin of 12.36%. The firm had revenue of $722.00 million for the quarter, compared to analyst estimates of $729.04 million. During the same period in the prior year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis.
Shares of CAE stock traded down $0.07 on Friday, hitting $20.26. 81,600 shares of the company traded hands, compared to its average volume of 194,700. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.42. CAE has a 52 week low of $16.25 and a 52 week high of $21.70. The company has a market capitalization of $5.53 billion, a PE ratio of 23.32, a P/E/G ratio of 2.21 and a beta of 0.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a $0.077 dividend. This is an increase from CAE’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 13th. This represents a $0.31 dividend on an annualized basis and a yield of 1.52%. CAE’s payout ratio is 32.18%.
A number of large investors have recently modified their holdings of CAE. Natixis Advisors L.P. bought a new position in shares of CAE during the first quarter worth about $203,000. RNC Capital Management LLC purchased a new position in shares of CAE in the second quarter valued at $208,000. Financial Gravity Wealth Inc. purchased a new position in shares of CAE in the first quarter valued at $210,000. Tower Research Capital LLC TRC boosted its stake in shares of CAE by 3,246.2% in the second quarter. Tower Research Capital LLC TRC now owns 10,641 shares of the aerospace company’s stock valued at $222,000 after purchasing an additional 10,323 shares during the period. Finally, Signaturefd LLC purchased a new position in shares of CAE in the first quarter valued at $255,000. 50.47% of the stock is owned by institutional investors.
CAE Company Profile
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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