$0.20 EPS Expected for Cae Inc (NYSE:CAE) This Quarter

Brokerages expect Cae Inc (NYSE:CAE) (TSE:CAE) to report earnings of $0.20 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for CAE’s earnings, with estimates ranging from $0.19 to $0.21. CAE also reported earnings per share of $0.20 during the same quarter last year. The firm is expected to issue its next earnings results before the market opens on Wednesday, August 14th.

On average, analysts expect that CAE will report full year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $0.99 to $1.10. For the next fiscal year, analysts anticipate that the business will report earnings of $1.16 per share, with EPS estimates ranging from $1.15 to $1.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for CAE.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Friday, May 17th. The aerospace company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. CAE had a net margin of 9.98% and a return on equity of 14.22%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $945.05 million. During the same period last year, the business earned $0.37 earnings per share. The business’s revenue for the quarter was up 41.7% on a year-over-year basis.

Several research firms have recently commented on CAE. BMO Capital Markets lowered shares of CAE from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 21st. Desjardins lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. CIBC reissued a “hold” rating and issued a $37.00 price objective on shares of CAE in a research note on Wednesday, May 22nd. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Friday, April 26th. Finally, Zacks Investment Research lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.50.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Zions Bancorporation N.A. purchased a new position in CAE in the first quarter worth approximately $28,000. Parallel Advisors LLC raised its holdings in CAE by 33.7% during the second quarter. Parallel Advisors LLC now owns 5,362 shares of the aerospace company’s stock worth $144,000 after purchasing an additional 1,353 shares in the last quarter. First Bank & Trust acquired a new stake in CAE during the first quarter worth approximately $123,000. Bluestein R H & Co. acquired a new stake in CAE during the first quarter worth approximately $210,000. Finally, Addenda Capital Inc. acquired a new stake in CAE during the first quarter worth approximately $215,000. 46.24% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE CAE traded up $0.15 during midday trading on Tuesday, hitting $27.07. The company’s stock had a trading volume of 205,866 shares, compared to its average volume of 174,269. The company’s fifty day moving average price is $27.14. 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 1 year low of $16.96 and a 1 year high of $28.03. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.60 and a beta of 0.78.

CAE Company Profile

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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Earnings History and Estimates for CAE (NYSE:CAE)

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