Q4 2017 Earnings Forecast for CAE Inc Issued By National Bank Financial (CAE)

CAE Inc (NYSE:CAE) (TSE:CAE) – Stock analysts at National Bank Financial issued their Q4 2017 earnings per share estimates for CAE in a note issued to investors on Tuesday. National Bank Financial analyst C. Doerksen expects that the brokerage will earn $0.22 per share for the quarter.

CAE (NYSE:CAE) last posted its earnings results on Tuesday, February 14th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $682.70 million for the quarter, compared to analysts’ expectations of $616.30 million. CAE had a net margin of 8.90% and a return on equity of 13.19%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share.

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Earnings History and Estimates for CAE (NYSE:CAE)

A number of other analysts have also recently commented on CAE. Royal Bank Of Canada cut shares of CAE from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $19.00 to $20.00 in a research note on Friday, November 11th. RBC Capital Markets cut shares of CAE from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $19.00 to $20.00 in a research note on Friday, November 11th. They noted that the move was a valuation call. CIBC cut shares of CAE from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, November 11th. Zacks Investment Research cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, November 14th. Finally, Scotiabank upgraded shares of CAE from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.88.

CAE (NYSE:CAE) traded down 0.38% during mid-day trading on Thursday, hitting $15.56. 60,435 shares of the company’s stock were exchanged. CAE has a 12 month low of $10.36 and a 12 month high of $15.88. The stock’s 50 day moving average price is $14.23 and its 200-day moving average price is $14.18. The stock has a market cap of $4.22 billion, a PE ratio of 22.62 and a beta of 0.83.

Hedge funds have recently bought and sold shares of the company. US Bancorp DE boosted its stake in CAE by 38.2% in the third quarter. US Bancorp DE now owns 8,653 shares of the company’s stock valued at $123,000 after buying an additional 2,390 shares in the last quarter. Advisor Group Inc. boosted its stake in CAE by 1,354.9% in the third quarter. Advisor Group Inc. now owns 13,560 shares of the company’s stock valued at $193,000 after buying an additional 12,628 shares in the last quarter. Prudential PLC purchased a new stake in CAE during the fourth quarter valued at about $208,000. Comerica Bank boosted its stake in CAE by 12.0% in the fourth quarter. Comerica Bank now owns 15,196 shares of the company’s stock valued at $217,000 after buying an additional 1,630 shares in the last quarter. Finally, Tdam USA Inc. boosted its stake in CAE by 50.4% in the third quarter. Tdam USA Inc. now owns 16,398 shares of the company’s stock valued at $232,000 after buying an additional 5,495 shares in the last quarter. Institutional investors and hedge funds own 58.78% of the company’s stock.

“Q4 2017 Earnings Forecast for CAE Inc Issued By National Bank Financial (CAE)” was first reported by WKRB News and is the property of of WKRB News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark laws. The correct version of this news story can be read at http://www.wkrb13.com/markets/1981687/q4-2017-earnings-forecast-for-cae-inc-issued-by-national-bank-financial-cae.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be paid a $0.0609 dividend. The ex-dividend date of this dividend is Monday, March 13th. This is a boost from CAE’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.56%. CAE’s dividend payout ratio is currently 36.92%.

CAE Company Profile

CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.

5 Day Chart for NYSE:CAE

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