Cae Inc (NYSE:CAE) Expected to Announce Quarterly Sales of $621.60 Million

Equities research analysts expect Cae Inc (NYSE:CAE) (TSE:CAE) to report $621.60 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for CAE’s earnings. The lowest sales estimate is $619.38 million and the highest is $623.82 million. CAE posted sales of $559.54 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The business is expected to announce its next earnings results before the market opens on Wednesday, August 14th.

According to Zacks, analysts expect that CAE will report full year sales of $2.74 billion for the current year, with estimates ranging from $2.73 billion to $2.75 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.93 billion, with estimates ranging from $2.90 billion to $2.97 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CAE.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Friday, May 17th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. CAE had a return on equity of 14.22% and a net margin of 9.98%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $945.05 million. During the same period in the previous year, the firm posted $0.37 EPS. The company’s quarterly revenue was up 41.7% compared to the same quarter last year.

CAE has been the subject of several research reports. Desjardins downgraded CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a research report on Friday, April 26th. CIBC restated a “hold” rating and set a $37.00 price objective on shares of CAE in a research report on Wednesday, May 22nd. Zacks Investment Research downgraded CAE from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, BMO Capital Markets downgraded CAE from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 21st. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $32.50.

A number of institutional investors and hedge funds have recently modified their holdings of CAE. Zions Bancorporation N.A. acquired a new position in CAE in the 1st quarter valued at $28,000. First Bank & Trust acquired a new position in CAE in the 1st quarter valued at $123,000. Parallel Advisors LLC raised its holdings in CAE by 33.7% in the 2nd quarter. Parallel Advisors LLC now owns 5,362 shares of the aerospace company’s stock valued at $144,000 after acquiring an additional 1,353 shares during the last quarter. Bluestein R H & Co. purchased a new stake in shares of CAE during the 1st quarter valued at $210,000. Finally, Addenda Capital Inc. purchased a new stake in shares of CAE during the 1st quarter valued at $215,000. Institutional investors own 47.07% of the company’s stock.

Shares of CAE stock traded down $0.17 during trading on Thursday, hitting $27.12. 102,934 shares of the company were exchanged, compared to its average volume of 158,291. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.12 and a quick ratio of 0.83. CAE has a fifty-two week low of $16.96 and a fifty-two week high of $28.03. The stock has a market cap of $7.27 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 2.62 and a beta of 0.78. The stock has a 50 day moving average of $27.10.

About CAE

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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