Brokerages predict that CAE Inc. (NYSE:CAE – Get Rating) (TSE:CAE) will announce sales of $752.38 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for CAE’s earnings, with estimates ranging from $730.86 million to $769.29 million. CAE posted sales of $612.76 million during the same quarter last year, which suggests a positive year-over-year growth rate of 22.8%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that CAE will report full-year sales of $3.18 billion for the current financial year, with estimates ranging from $3.05 billion to $3.26 billion. For the next year, analysts anticipate that the business will post sales of $3.84 billion, with estimates ranging from $3.47 billion to $5.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for CAE.
CAE (NYSE:CAE – Get Rating) (TSE:CAE) last released its earnings results on Tuesday, May 31st. The aerospace company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. CAE had a return on equity of 6.79% and a net margin of 4.21%. The company had revenue of $955.00 million for the quarter, compared to the consensus estimate of $952.02 million. During the same quarter last year, the business posted $0.18 EPS. CAE’s quarterly revenue was up 6.8% compared to the same quarter last year.
Several analysts have weighed in on CAE shares. Desjardins lifted their target price on CAE from C$37.00 to C$40.00 in a research note on Friday, June 3rd. Zacks Investment Research upgraded CAE from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. TD Securities upped their price target on CAE from C$39.00 to C$41.00 in a research report on Thursday, June 2nd. StockNews.com began coverage on CAE in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, National Bank Financial lowered their target price on CAE from C$45.00 to C$44.00 in a research note on Monday, February 14th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $41.50.
Several hedge funds and other institutional investors have recently made changes to their positions in CAE. Stonehage Fleming Financial Services Holdings Ltd raised its position in shares of CAE by 53.9% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,239 shares of the aerospace company’s stock valued at $31,000 after buying an additional 434 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of CAE by 2.5% in the first quarter. Crossmark Global Holdings Inc. now owns 20,060 shares of the aerospace company’s stock worth $523,000 after purchasing an additional 490 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of CAE by 17.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 3,524 shares of the aerospace company’s stock worth $89,000 after purchasing an additional 524 shares during the last quarter. Signaturefd LLC grew its stake in shares of CAE by 16.7% in the first quarter. Signaturefd LLC now owns 3,848 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 552 shares during the last quarter. Finally, US Bancorp DE grew its holdings in CAE by 23.4% during the 3rd quarter. US Bancorp DE now owns 3,205 shares of the aerospace company’s stock worth $95,000 after acquiring an additional 607 shares during the period. Institutional investors own 58.19% of the company’s stock.
Shares of NYSE CAE opened at $26.36 on Thursday. The stock’s 50 day simple moving average is $25.06 and its 200 day simple moving average is $25.16. The company has a current ratio of 1.03, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 75.32, a price-to-earnings-growth ratio of 1.79 and a beta of 1.58. CAE has a 12-month low of $20.96 and a 12-month high of $34.19.
About CAE (Get Rating)
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment and training solutions to defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers worldwide.
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Source: defenseworld.net
