National Bank Financial Comments on Cae Inc’s FY2021 Earnings (NYSE:CAE)

Cae Inc (NYSE:CAE) (TSE:CAE) – Equities researchers at National Bank Financial boosted their FY2021 EPS estimates for shares of CAE in a research report issued to clients and investors on Wednesday, October 16th. National Bank Financial analyst C. Doerksen now anticipates that the aerospace company will earn $1.14 per share for the year, up from their prior estimate of $1.13.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Wednesday, August 14th. The aerospace company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). CAE had a return on equity of 13.94% and a net margin of 9.45%. The company had revenue of $825.60 million for the quarter, compared to analyst estimates of $849.39 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis.

CAE has been the subject of several other reports. Scotiabank upgraded shares of CAE from a “sector perform” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Friday, August 30th. Raymond James reiterated a “hold” rating on shares of CAE in a research note on Friday, August 16th. ValuEngine downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Monday. Finally, TD Securities lifted their price objective on shares of CAE from $34.00 to $35.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $33.67.

NYSE:CAE opened at $24.78 on Monday. CAE has a 12 month low of $16.96 and a 12 month high of $28.03. The firm has a fifty day simple moving average of $25.07 and a 200-day simple moving average of $25.36. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $6.55 billion, a P/E ratio of 26.08, a PEG ratio of 2.41 and a beta of 0.81.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.083 per share. This represents a $0.33 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, September 12th. This is a boost from CAE’s previous quarterly dividend of $0.07. CAE’s dividend payout ratio (DPR) is 34.74%.

Institutional investors have recently modified their holdings of the stock. Hodges Capital Management Inc. purchased a new position in shares of CAE during the second quarter worth $2,015,000. Parallel Advisors LLC raised its holdings in shares of 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of CAE by 0.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,050,901 shares of the aerospace company’s stock worth $243,874,000 after purchasing an additional 80,036 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of CAE by 3,370.2% during the second quarter. Bank of Nova Scotia now owns 7,214,070 shares of the aerospace company’s stock worth $9,973,000 after purchasing an additional 7,006,186 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of CAE by 23.5% during the second quarter. Janus Henderson Group PLC now owns 1,615,827 shares of the aerospace company’s stock worth $43,537,000 after purchasing an additional 306,975 shares during the last quarter. 51.61% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for CAE (NYSE:CAE)

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