Zacks: Analysts Anticipate PAE Incorporated (NASDAQ:PAE) Will Post Earnings of $0.14 Per Share

Wall Street brokerages expect that PAE Incorporated (NASDAQ:PAE) will announce $0.14 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for PAE’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.15. PAE posted earnings per share of ($0.08) during the same quarter last year, which suggests a positive year-over-year growth rate of 275%. The firm is expected to issue its next quarterly earnings results on Thursday, May 6th.

On average, analysts expect that PAE will report full year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.69 to $0.95. For the next financial year, analysts forecast that the firm will post earnings of $0.94 per share, with EPS estimates ranging from $0.86 to $1.03. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover PAE.

PAE (NASDAQ:PAE) last issued its quarterly earnings results on Thursday, March 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.15). The firm had revenue of $787.83 million during the quarter, compared to analyst estimates of $711.66 million.

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.50 target price on shares of PAE in a research note on Tuesday, March 23rd. Zacks Investment Research lowered PAE from a “hold” rating to a “sell” rating in a research note on Wednesday, January 20th. Finally, Morgan Stanley increased their target price on PAE from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, March 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. PAE currently has an average rating of “Hold” and an average price target of $12.10.

Large investors have recently bought and sold shares of the stock. Schroder Investment Management Group acquired a new stake in PAE in the 4th quarter valued at approximately $94,000. SG Americas Securities LLC acquired a new stake in PAE in the 4th quarter valued at approximately $611,000. Finally, Garnet Equity Capital Holdings Inc. raised its position in PAE by 10.8% in the 4th quarter. Garnet Equity Capital Holdings Inc. now owns 642,616 shares of the company’s stock valued at $5,899,000 after buying an additional 62,616 shares during the last quarter. Institutional investors and hedge funds own 82.65% of the company’s stock.

NASDAQ:PAE traded down $0.32 during mid-day trading on Wednesday, hitting $8.74. The company had a trading volume of 379,809 shares, compared to its average volume of 618,537. PAE has a fifty-two week low of $6.18 and a fifty-two week high of $11.58. The business’s fifty day moving average is $8.76 and its two-hundred day moving average is $9.18. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $813.43 million, a P/E ratio of 124.86 and a beta of 1.28.

About PAE

PAE Incorporated provides operational solutions and outsourced services for the United States government, other allied governments, international organizations, and companies. The company operates through two segment, Global Mission Services and National Security Solutions. The Global Mission Services segment is involved in logistics and stability operations, including lifecycle logistics operations, humanitarian, and stability operations; infrastructure management, such as mission operations support, space development and operations, and test and training ranges; and force readiness comprising the maintenance and repair of military and civilian vehicle fleets and aircraft.

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