CAE (CAE) Sees Unusually-High Trading Volume After Earnings Beat

Cae Inc (NYSE:CAE) (TSE:CAE) shares saw strong trading volume on Monday following a better than expected earnings announcement. 3,819 shares changed hands during trading, a decline of 97% from the previous session’s volume of 120,372 shares.The stock last traded at $26.58 and had previously closed at $27.25.

The aerospace company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. CAE had a return on equity of 13.27% and a net margin of 10.07%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $945.05 million. During the same quarter last year, the firm earned $0.37 EPS. CAE’s revenue for the quarter was up 41.7% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.0742 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, June 13th. CAE’s dividend payout ratio is presently 31.58%.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised CAE from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. BMO Capital Markets lowered CAE from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Desjardins lowered CAE from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a research report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $29.10.

Several large investors have recently bought and sold shares of CAE. Zions Bancorporation N.A. acquired a new position in shares of CAE during the 1st quarter worth approximately $28,000. Parallel Advisors LLC increased its position in shares of CAE by 786.5% during the 4th quarter. Parallel Advisors LLC now owns 3,679 shares of the aerospace company’s stock worth $67,000 after purchasing an additional 3,264 shares during the last quarter. First Bank & Trust acquired a new position in shares of CAE during the 1st quarter worth approximately $123,000. Bluestein R H & Co. acquired a new position in shares of CAE during the 1st quarter worth approximately $210,000. Finally, Addenda Capital Inc. acquired a new position in shares of CAE during the 1st quarter worth approximately $215,000. 49.22% of the stock is currently owned by hedge funds and other institutional investors.

The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 27.77, a P/E/G ratio of 2.52 and a beta of 0.95. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.47.

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About CAE (NYSE: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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