Key Points
- Insider sale: Calian Group insider Patrick Belanger Houston sold 6,432 shares at C$80.91 each, totaling about C$520,413. After the sale, he still owned 22,266 shares, a 22.41% reduction in his position.
- Dividend and earnings: The company declared a quarterly dividend of C$0.28 per share, payable June 10, for an annualized yield of 1.3%. Calian also recently reported quarterly EPS of C$1.30 on revenue of C$228.7 million.
- Analyst outlook: Wall Street remains broadly positive, with eight analysts rating the stock Buy and a consensus target price of C$87.94. Several firms recently raised their price targets, including Stifel Nicolaus, which set a C$100 target.
Calian Group Ltd. (TSE:CGY - Get Free Report) insider Patrick Belanger Houston sold 6,432 shares of the business's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of C$80.91, for a total value of C$520,413.12. Following the completion of the transaction, the insider directly owned 22,266 shares in the company, valued at approximately C$1,801,542.06. This represents a 22.41% decrease in their position.
Calian Group Price Performance
Shares of TSE CGY opened at C$83.44 on Monday. The stock has a fifty day simple moving average of C$74.06 and a two-hundred day simple moving average of C$66.08. Calian Group Ltd. has a 1-year low of C$37.70 and a 1-year high of C$85.16. The firm has a market cap of C$952.13 million, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92. The company has a current ratio of 1.51, a quick ratio of 1.20 and a debt-to-equity ratio of 63.54.
Calian Group (TSE:CGY - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$1.30 earnings per share for the quarter. Calian Group had a return on equity of 10.35% and a net margin of 3.97%.The business had revenue of C$228.70 million during the quarter. Analysts anticipate that Calian Group Ltd. will post 4.9475219 earnings per share for the current year.
Calian Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, May 27th. Calian Group's dividend payout ratio is 39.30%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on CGY shares. Stifel Nicolaus set a C$100.00 price objective on Calian Group and gave the company a "buy" rating in a report on Wednesday, May 20th. Canadian Imperial Bank of Commerce increased their price objective on Calian Group from C$76.00 to C$90.00 in a report on Friday, May 15th. Canaccord Genuity Group increased their price objective on Calian Group from C$63.00 to C$80.00 in a report on Friday, February 13th. Ventum Financial increased their price objective on Calian Group from C$84.00 to C$94.00 and gave the company a "buy" rating in a report on Tuesday, March 10th. Finally, Acumen Capital increased their price objective on Calian Group from C$70.00 to C$85.00 and gave the company a "buy" rating in a report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$87.94.
Check Out Our Latest Analysis on CGY
About Calian Group
(
Get Free Report)
Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.
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