Desjardins Weighs in on Calian Group Ltd’s FY2018 Earnings (CGY)
Calian Group Ltd (TSE:CGY) – Research analysts at Desjardins increased their FY2018 earnings per share estimates for shares of Calian Group in a research note issued on Thursday. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $2.12 for the year, up from their prior estimate of $2.08. Desjardins currently has a “Buy” rating and a $37.00 price target on the stock.
Calian Group (TSE:CGY) last released its quarterly earnings results on Wednesday, November 15th. The company reported C$0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.44 by C$0.12. Calian Group had a return on equity of 19.67% and a net margin of 5.98%.
Calian Group (CGY) traded up C$0.15 during trading hours on Monday, hitting C$31.50. The company had a trading volume of 180 shares, compared to its average volume of 5,502. Calian Group has a fifty-two week low of C$24.51 and a fifty-two week high of C$34.95. The firm has a market cap of $238.29, a price-to-earnings ratio of 15.00 and a beta of -0.22.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, February 20th. This represents a $1.12 dividend on an annualized basis and a yield of 3.56%. Calian Group’s payout ratio is presently 53.59%.
In other Calian Group news, insider Kevin Lee Ford sold 1,700 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of C$33.06, for a total transaction of C$56,202.00. Also, insider Patrick Joseph Thera sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$32.16, for a total value of C$225,120.00. Insiders have sold a total of 24,400 shares of company stock valued at $800,683 over the last 90 days.
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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