Analysts Set Expectations for Calian Group Ltd’s Q3 2019 Earnings (CGY)

Calian Group Ltd (TSE:CGY) – Analysts at Desjardins dropped their Q3 2019 earnings per share estimates for shares of Calian Group in a research note issued to investors on Wednesday, May 15th. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $0.57 for the quarter, down from their prior estimate of $0.58. Desjardins also issued estimates for Calian Group’s FY2020 earnings at $2.48 EPS.

CGY opened at C$33.26 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.95 and a debt-to-equity ratio of 12.07. Calian Group has a 1 year low of C$25.76 and a 1 year high of C$34.95. The firm has a market capitalization of $261.41 million and a P/E ratio of 16.97.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, June 11th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Thursday, May 23rd. Calian Group’s dividend payout ratio is currently 57.14%.

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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Earnings History and Estimates for Calian Group (TSE:CGY)

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