Desjardins Comments on Cae Inc’s Q4 2019 Earnings (CAE)

Cae Inc (TSE:CAE) (NYSE:CAE) – Equities research analysts at Desjardins increased their Q4 2019 earnings per share (EPS) estimates for shares of CAE in a report issued on Monday, February 11th. Desjardins analyst B. Poirier now anticipates that the company will earn $0.46 per share for the quarter, up from their previous forecast of $0.41.

Other equities analysts have also recently issued research reports about the company. CIBC lifted their price objective on CAE from C$27.00 to C$29.00 in a report on Monday, November 26th. BMO Capital Markets lifted their price objective on CAE from C$29.00 to C$30.00 in a report on Wednesday, November 14th. National Bank Financial cut their price objective on CAE from C$30.00 to C$29.00 in a report on Friday, November 9th. TD Securities lifted their price objective on CAE from C$28.00 to C$29.00 and gave the company a “hold” rating in a report on Monday. Finally, Raymond James reiterated a “market perform” rating and set a C$27.50 price objective on shares of CAE in a report on Monday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$28.86.

CAE stock opened at C$27.46 on Wednesday. The stock has a market cap of $7.42 billion and a PE ratio of 25.43. CAE has a 1 year low of C$22.10 and a 1 year high of C$28.23. The company has a debt-to-equity ratio of 56.88, a current ratio of 1.10 and a quick ratio of 0.76.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Tuesday, November 13th. The company reported C$0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.23. The company had revenue of C$743.80 million for the quarter, compared to analyst estimates of C$652.83 million.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date is Thursday, March 14th. CAE’s payout ratio is 35.19%.

In other news, insider Nick Leontidis bought 10,000 shares of the business’s stock in a transaction on Tuesday, November 27th. The shares were purchased at an average price of C$26.53 per share, for a total transaction of C$265,300.00.

About CAE

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's 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 (TSE:CAE)

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