Cae Inc (NYSE:CAE) (TSE:CAE) – National Bank Financial issued their Q2 2020 earnings per share (EPS) estimates for CAE in a research report issued on Wednesday, August 14th. National Bank Financial analyst C. Doerksen expects that the aerospace company will earn $0.18 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for CAE’s FY2020 earnings at $1.00 EPS and FY2021 earnings at $1.13 EPS.
A number of other analysts also recently issued reports on CAE. Raymond James reaffirmed a “hold” rating on shares of CAE in a research report on Friday, August 16th. Desjardins downgraded CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. BMO Capital Markets downgraded CAE from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 21st. Zacks Investment Research downgraded CAE from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, CIBC reaffirmed a “hold” rating and issued a $37.00 target price on shares of CAE in a research report on Wednesday, May 22nd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.50.
CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Wednesday, August 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $825.60 million during the quarter, compared to analyst estimates of $849.39 million. CAE had a net margin of 9.45% and a return on equity of 13.94%. CAE’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.083 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase from CAE’s previous quarterly dividend of $0.07. CAE’s payout ratio is 31.58%.
A number of hedge funds and other institutional investors have recently made changes to their positions in CAE. Bank of Nova Scotia increased its position in CAE by 3,370.2% during the second quarter. Bank of Nova Scotia now owns 7,214,070 shares of the aerospace company’s stock worth $9,973,000 after buying an additional 7,006,186 shares during the last quarter. Invesco Ltd. increased its position in CAE by 1,080.6% during the second quarter. Invesco Ltd. now owns 5,753,098 shares of the aerospace company’s stock worth $154,529,000 after buying an additional 5,265,791 shares during the last quarter. FMR LLC increased its position in CAE by 35.6% during the first quarter. FMR LLC now owns 3,511,984 shares of the aerospace company’s stock worth $77,816,000 after buying an additional 921,799 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in CAE by 61.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,532,909 shares of the aerospace company’s stock worth $33,956,000 after buying an additional 583,176 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in CAE during the first quarter worth approximately $15,275,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.
CAE Company Profile
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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