$0.14 EPS Expected for CAE Inc. (NYSE:CAE) This Quarter

Analysts predict that CAE Inc. (NYSE:CAE) (TSE:CAE) will announce earnings per share of $0.14 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for CAE’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.13. CAE reported earnings per share of ($0.08) in the same quarter last year, which suggests a positive year over year growth rate of 275%. The company is scheduled to issue its next quarterly earnings results on Wednesday, August 11th.

According to Zacks, analysts expect that CAE will report full year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.76 to $0.82. For the next fiscal year, analysts forecast that the business will report earnings of $1.22 per share, with EPS estimates ranging from $1.19 to $1.25. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for CAE.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, May 18th. The aerospace company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. The business had revenue of $894.30 million for the quarter, compared to analysts’ expectations of $878.95 million. CAE had a negative net margin of 1.35% and a positive return on equity of 4.94%. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share.

A number of analysts have recently weighed in on the stock. CIBC reduced their target price on shares of CAE from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Thursday, May 20th. TD Securities lowered their target price on shares of CAE from C$40.00 to C$39.00 and set a “hold” rating for the company in a report on Tuesday, June 29th. National Bank Financial upgraded CAE from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $41.00 to $43.00 in a research note on Monday, April 19th. BMO Capital Markets lifted their price objective on CAE from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, April 15th. Finally, Canaccord Genuity increased their target price on CAE from C$38.00 to C$40.00 and gave the stock a “hold” rating in a research note on Thursday, May 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $39.30.

Shares of CAE stock traded up $1.37 during midday trading on Thursday, reaching $30.52. 39,981 shares of the stock were exchanged, compared to its average volume of 337,041. CAE has a 1 year low of $13.80 and a 1 year high of $32.19. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of -254.31, a PEG ratio of 4.47 and a beta of 1.83. The company has a 50 day simple moving average of $30.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.04 and a current ratio of 1.28.

Several hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP purchased a new stake in CAE during the first quarter valued at $449,000. FIL Ltd lifted its stake in shares of CAE by 86,641.4% in the 4th quarter. FIL Ltd now owns 3,035,948 shares of the aerospace company’s stock worth $84,121,000 after purchasing an additional 3,032,448 shares during the period. Northern Trust Corp boosted its holdings in shares of CAE by 37.2% in the fourth quarter. Northern Trust Corp now owns 135,462 shares of the aerospace company’s stock worth $3,757,000 after buying an additional 36,701 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in CAE during the fourth quarter valued at approximately $226,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in CAE during the fourth quarter valued at approximately $260,000. Hedge funds and other institutional investors own 61.33% of the company’s stock.

About CAE

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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Earnings History and Estimates for CAE (NYSE:CAE)

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