Calian Group Ltd. Announces Quarterly Dividend of $0.28 (TSE:CGY)

Calian Group Ltd. (TSE:CGY - Get Free Report) declared a quarterly dividend on Tuesday, May 28th, Zacks reports. Investors of record on Tuesday, June 11th will be given a dividend of 0.28 per share on Tuesday, June 11th. This represents a $1.12 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, May 28th.

Calian Group Stock Down 0.6 %

Calian Group stock traded down C$0.33 during mid-day trading on Thursday, reaching C$58.07. The company's stock had a trading volume of 10,375 shares, compared to its average volume of 7,241. The company has a market capitalization of C$688.13 million, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92. Calian Group has a 12 month low of C$46.27 and a 12 month high of C$64.88. The business's 50 day simple moving average is C$56.55 and its 200 day simple moving average is C$55.99. The company has a debt-to-equity ratio of 40.20, a quick ratio of 1.20 and a current ratio of 1.01.

Calian Group (TSE:CGY - Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported C$0.46 earnings per share for the quarter, missing analysts' consensus estimates of C$1.07 by C($0.61). Calian Group had a net margin of 2.87% and a return on equity of 6.20%. The business had revenue of C$179.18 million during the quarter, compared to the consensus estimate of C$167.90 million. As a group, research analysts anticipate that Calian Group will post 4.4461028 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CGY. Royal Bank of Canada raised their target price on shares of Calian Group from C$72.00 to C$75.00 and gave the stock an "outperform" rating in a research note on Thursday. CIBC lifted their price objective on shares of Calian Group from C$75.00 to C$76.00 and gave the stock an "outperform" rating in a research note on Monday. Desjardins lifted their price objective on shares of Calian Group from C$86.00 to C$87.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Cormark lifted their price objective on shares of Calian Group from C$66.00 to C$73.00 in a research note on Tuesday, February 20th. Finally, Canaccord Genuity Group lifted their price objective on shares of Calian Group from C$75.00 to C$80.00 and gave the stock a "buy" rating in a research note on Thursday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$78.00.

About Calian Group

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.