Calian Group Ltd (TSE:CGY) to Post Q4 2019 Earnings of $0.61 Per Share, Desjardins Forecasts

Calian Group Ltd (TSE:CGY) – Desjardins lifted their Q4 2019 earnings estimates for Calian Group in a report issued on Tuesday, April 2nd, Zacks Investment Research reports. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of $0.61 for the quarter, up from their prior forecast of $0.59.

Calian Group (TSE:CGY) last posted its quarterly earnings results on Wednesday, February 6th. The company reported C$0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.55 by C($0.12). The company had revenue of C$79.92 million during the quarter, compared to analysts’ expectations of C$86.10 million.

Shares of Calian Group stock traded up C$0.16 during trading on Wednesday, reaching C$34.95. The company’s stock had a trading volume of 1,944 shares, compared to its average volume of 4,293. The company has a debt-to-equity ratio of 12.07, a current ratio of 1.95 and a quick ratio of 1.82. Calian Group has a 12-month low of C$25.76 and a 12-month high of C$34.95. The company has a market cap of $264.28 million and a PE ratio of 17.83.

In related news, Director Raymond Gregory Basler sold 20,000 shares of Calian Group stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$31.00, for a total value of C$620,000.00. Following the sale, the director now directly owns 46,130 shares in the company, valued at C$1,430,030. Also, Senior Officer Jacqueline Gauthier sold 10,000 shares of Calian Group stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$30.50, for a total value of C$305,000.00. Following the transaction, the insider now directly owns 18,851 shares of the company’s stock, valued at C$574,955.50. Over the last 90 days, insiders sold 31,503 shares of company stock worth $971,488.

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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