CAE (CAE) Issues Earnings Results, Misses Estimates By $0.03 EPS

CAE (NYSE:CAE) (TSE:CAE) released its quarterly earnings results on Friday. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03), MarketWatch Earnings reports. The firm had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $774.68 million. CAE had a return on equity of 13.36% and a net margin of 11.83%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS.

CAE stock opened at $20.81 on Friday. CAE has a twelve month low of $16.96 and a twelve month high of $21.70. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.51. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 2.23 and a beta of 0.96.

A number of research analysts recently issued reports on CAE shares. Zacks Investment Research upgraded CAE from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, October 16th. ValuEngine cut CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. TD Securities reaffirmed a “hold” rating on shares of CAE in a research report on Monday, November 12th. Scotiabank reaffirmed an “average” rating and set a $31.00 price objective on shares of CAE in a research report on Tuesday, November 13th. Finally, Macquarie raised CAE from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 14th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. CAE has a consensus rating of “Hold” and a consensus price target of $28.13.



A number of institutional investors have recently bought and sold shares of the business. Wetherby Asset Management Inc. lifted its position in CAE by 4.7% during the 4th quarter. Wetherby Asset Management Inc. now owns 13,276 shares of the aerospace company’s stock worth $244,000 after acquiring an additional 592 shares during the period. CLARET ASSET MANAGEMENT Corp lifted its position in CAE by 4.6% during the 4th quarter. CLARET ASSET MANAGEMENT Corp now owns 16,009 shares of the aerospace company’s stock worth $294,000 after acquiring an additional 708 shares during the period. Parallel Advisors LLC lifted its position in CAE by 786.5% during the 4th quarter. Parallel Advisors LLC now owns 3,679 shares of the aerospace company’s stock worth $67,000 after acquiring an additional 3,264 shares during the period. FMR LLC lifted its position in CAE by 0.3% during the 3rd quarter. FMR LLC now owns 1,324,300 shares of the aerospace company’s stock worth $26,883,000 after acquiring an additional 3,900 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CAE by 11.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,213 shares of the aerospace company’s stock worth $1,019,000 after acquiring an additional 5,063 shares during the period. 47.54% of the stock is owned by institutional investors.

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CAE Company Profile

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The 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 for CAE (NYSE:CAE)

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