CAE (CAE) to Release Quarterly Earnings on Friday

CAE (TSE:CAE) (NYSE:CAE) is set to post its quarterly earnings results before the market opens on Friday, May 17th. Analysts expect CAE to post earnings of C$0.44 per share for the quarter.

CAE stock opened at C$31.65 on Thursday. The company has a market capitalization of $8.38 billion and a PE ratio of 29.31. CAE has a 1 year low of C$22.10 and a 1 year high of C$31.94. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 56.88.

Several research analysts have recently issued reports on CAE shares. TD Securities upped their target price on shares of CAE from C$30.00 to C$31.00 and gave the company a “hold” rating in a report on Wednesday. CIBC upped their target price on shares of CAE from C$29.00 to C$32.00 in a report on Tuesday, April 23rd. BMO Capital Markets increased their price target on shares of CAE from C$30.00 to C$33.00 in a research note on Monday, April 29th. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$30.00 to C$32.50 in a research note on Friday, April 26th. Finally, Raymond James reiterated a “market perform” rating and set a C$27.50 price target on shares of CAE in a research note on Monday, February 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$30.50.

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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 for CAE (TSE:CAE)

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