Calian Group Ltd. (TSE:CGY) Senior Officer Patrick Belanger Houston Buys 350 Shares

Calian Group Ltd. (TSE:CGY) Senior Officer Patrick Belanger Houston acquired 350 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was acquired at an average cost of C$46.13 per share, for a total transaction of C$16,145.50.

Calian Group Stock Performance

Calian Group stock traded up C$0.52 during mid-day trading on Monday, reaching C$46.17. 1,976 shares of the company’s stock were exchanged, compared to its average volume of 10,408. The business’s fifty day simple moving average is C$48.28 and its 200 day simple moving average is C$53.18. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88. The firm has a market capitalization of C$547.11 million, a PE ratio of 32.75, a P/E/G ratio of 2.50 and a beta of 0.89. Calian Group Ltd. has a one year low of C$42.88 and a one year high of C$61.24.

Calian Group (TSE:CGY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.93 by C($0.04). Calian Group had a return on equity of 5.17% and a net margin of 2.28%. The company had revenue of C$185.00 million for the quarter, compared to analysts’ expectations of C$196.67 million. On average, sell-side analysts expect that Calian Group Ltd. will post 5.0379198 earnings per share for the current year.

Calian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.12 annualized dividend and a dividend yield of 2.43%. Calian Group’s payout ratio is 78.87%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CGY shares. CIBC dropped their price objective on shares of Calian Group from C$76.00 to C$63.00 in a report on Friday, August 9th. Royal Bank of Canada cut their price target on Calian Group from C$75.00 to C$65.00 in a report on Friday, August 9th. Cormark decreased their price objective on Calian Group from C$74.00 to C$73.00 in a report on Friday, August 9th. Ventum Cap Mkts upgraded Calian Group to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, Ventum Financial decreased their price target on shares of Calian Group from C$74.00 to C$70.00 in a research note on Friday, August 9th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$74.00.

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.