National Bank Financial Comments on CAE Inc.’s FY2024 Earnings (NYSE:CAE)

CAE Inc. (NYSE:CAE) (TSE:CAE) – Equities researchers at National Bank Financial decreased their FY2024 earnings per share estimates for shares of CAE in a research note issued to investors on Monday, April 15th. National Bank Financial analyst C. Doerksen now anticipates that the aerospace company will post earnings per share of $0.85 for the year, down from their previous estimate of $0.88. The consensus estimate for CAE’s current full-year earnings is $0.87 per share.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $804.01 million for the quarter, compared to analyst estimates of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%.

Several other brokerages also recently issued reports on CAE. The Goldman Sachs Group increased their price target on CAE from $25.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank downgraded CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. Finally, StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

CAE Trading Down 1.9 %

Shares of CAE opened at $18.56 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $5.91 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.59. The stock’s fifty day simple moving average is $19.66 and its 200 day simple moving average is $20.60. CAE has a twelve month low of $18.26 and a twelve month high of $25.04.

Institutional Trading of CAE

Several large investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. grew its stake in shares of CAE by 45.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 500 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of CAE by 1.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 30,831 shares of the aerospace company’s stock valued at $718,000 after acquiring an additional 560 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of CAE by 11.8% during the second quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the aerospace company’s stock valued at $127,000 after acquiring an additional 598 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of CAE by 142.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 707 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of CAE by 3.0% during the fourth quarter. Alliancebernstein L.P. now owns 24,532 shares of the aerospace company’s stock valued at $474,000 after acquiring an additional 721 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.