Research Analysts Set Expectations for Cae Inc’s FY2021 Earnings (TSE:CAE)

Cae Inc (TSE:CAE) (NYSE:CAE) – Equities researchers at National Bank Financial lifted their FY2021 earnings per share (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 expects that the company will earn $1.50 per share for the year, up from their prior forecast of $1.49.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Wednesday, August 14th. The company reported C$0.24 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.03). The firm had revenue of C$825.60 million for the quarter, compared to analyst estimates of C$840.00 million.

CAE has been the subject of several other reports. TD Securities upped their target price on shares of CAE from C$34.00 to C$35.00 and gave the company a “hold” rating in a research note on Monday, September 9th. BMO Capital Markets decreased their target price on shares of CAE from C$36.00 to C$35.00 in a research note on Thursday, August 15th. Raymond James decreased their target price on shares of CAE from C$35.00 to C$34.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Finally, Desjardins decreased their target price on shares of CAE from C$37.00 to C$36.00 in a research note on Thursday, August 15th.

Shares of CAE stock opened at C$32.48 on Monday. The company has a market capitalization of $8.68 billion and a PE ratio of 27.07. The firm has a fifty day simple moving average of C$33.18 and a 200-day simple moving average of C$33.67. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 111.35. CAE has a twelve month low of C$22.10 and a twelve month high of C$36.86.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from CAE’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.35%. CAE’s dividend payout ratio is currently 33.33%.

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 (TSE:CAE)

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