Equities analysts expect Cae Inc (NYSE:CAE) (TSE:CAE) to report sales of $580.36 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for CAE’s earnings. The lowest sales estimate is $557.76 million and the highest is $592.04 million. CAE posted sales of $554.60 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The firm is expected to report its next quarterly earnings results on Friday, February 8th.

According to Zacks, analysts expect that CAE will report full year sales of $2.38 billion for the current year, with estimates ranging from $2.37 billion to $2.39 billion. For the next financial year, analysts forecast that the company will post sales of $2.74 billion, with estimates ranging from $2.50 billion to $2.97 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover CAE.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, November 13th. The aerospace company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $661.29 million. During the same quarter in the prior year, the firm posted $0.22 EPS. CAE’s quarterly revenue was up 20.3% compared to the same quarter last year.

Several equities research analysts have commented on CAE shares. Zacks Investment Research upgraded CAE from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, October 16th. ValuEngine lowered CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. TD Securities reiterated a “hold” rating on shares of CAE in a research note on Monday, November 12th. Scotiabank reiterated an “average” rating and set a $31.00 price objective on shares of CAE in a research note on Tuesday, November 13th. Finally, Macquarie upgraded CAE from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 14th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. CAE has a consensus rating of “Hold” and an average price target of $28.13.

NYSE:CAE traded up $0.30 during trading hours on Tuesday, hitting $20.29. 109,334 shares of the stock were exchanged, compared to its average volume of 126,377. CAE has a 52-week low of $16.84 and a 52-week high of $21.70. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. The firm has a market cap of $5.38 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.84.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Friday, December 14th were issued a $0.076 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, December 13th. CAE’s dividend payout ratio is presently 34.48%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in CAE by 0.3% in the third quarter. FMR LLC now owns 1,324,300 shares of the aerospace company’s stock valued at $26,883,000 after acquiring an additional 3,900 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in CAE by 11.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,213 shares of the aerospace company’s stock worth $1,019,000 after buying an additional 5,063 shares in the last quarter. AMP Capital Investors Ltd raised its stake in shares of CAE by 4.7% in the 2nd quarter. AMP Capital Investors Ltd now owns 120,390 shares of the aerospace company’s stock valued at $2,501,000 after purchasing an additional 5,389 shares in the last quarter. Port Capital LLC raised its stake in shares of CAE by 12.3% in the 3rd quarter. Port Capital LLC now owns 57,345 shares of the aerospace company’s stock valued at $1,165,000 after purchasing an additional 6,290 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of CAE by 265.6% in the 4th quarter. Quadrant Capital Group LLC now owns 10,514 shares of the aerospace company’s stock valued at $186,000 after purchasing an additional 7,638 shares in the last quarter. Hedge funds and other institutional investors own 48.14% of the company’s stock.

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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Earnings History and Estimates for CAE (NYSE:CAE)

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