Key Points
- Insider buying: Patrick Belanger Houston purchased 699 Calian Group shares for C$51,152.82, increasing his position by 3.14% to 22,965 shares.
- Financial performance and dividend: Calian reported quarterly EPS of C$1.10 on C$230.4 million in revenue and declared a quarterly dividend of C$0.28 per share, equivalent to a 1.5% annualized yield.
- Analyst outlook: Nine analysts rate the stock a Buy, with a consensus price target of C$101.72 versus its reported opening price of C$74.52.
Calian Group Ltd. (TSE:CGY - Get Free Report) insider Patrick Belanger Houston purchased 699 shares of Calian Group stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average cost of C$73.18 per share, with a total value of C$51,152.82. Following the transaction, the insider owned 22,965 shares in the company, valued at C$1,680,578.70. This trade represents a 3.14% increase in their position.
Calian Group Stock Up 2.1%
Calian Group stock opened at C$74.52 on Tuesday. Calian Group Ltd. has a 1-year low of C$44.89 and a 1-year high of C$95.50. The firm has a market capitalization of C$857.87 million, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96. The firm's fifty day moving average price is C$80.57 and its two-hundred day moving average price is C$78.46. The company has a current ratio of 1.61, a quick ratio of 1.20 and a debt-to-equity ratio of 54.28.
Calian Group (TSE:CGY - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. The company had revenue of C$230.40 million during the quarter. Calian Group had a net margin of 4.41% and a return on equity of 11.67%. On average, equities research analysts predict that Calian Group Ltd. will post 4.9475219 earnings per share for the current fiscal year.
Calian Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, August 26th. This represents a $1.12 dividend on an annualized basis and a yield of 1.5%. Calian Group's payout ratio is 33.94%.
Wall Street Analysts Forecast Growth
CGY has been the subject of several analyst reports. Royal Bank Of Canada increased their price objective on Calian Group from C$90.00 to C$105.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Ventum increased their price target on Calian Group from C$94.00 to C$100.00 and gave the company a "buy" rating in a research report on Monday, June 15th. Canaccord Genuity Group increased their price target on Calian Group from C$103.00 to C$105.00 and gave the company a "buy" rating in a research report on Monday, June 29th. Ventum Financial set a C$106.00 price objective on Calian Group and gave the company a "buy" rating in a research note on Thursday, August 27th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Calian Group from C$93.00 to C$107.00 in a report on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$101.72.
Check Out Our Latest Stock 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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