CAE (NYSE:CAE) Releases Earnings Results, Beats Expectations By $0.01 EPS

CAE (NYSE:CAE) (TSE:CAE) released its quarterly earnings results on Thursday. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01, Zacks reports. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%.

CAE Price Performance

Shares of CAE traded down $0.03 during midday trading on Thursday, hitting $23.53. The company’s stock had a trading volume of 830,675 shares, compared to its average volume of 469,746. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. CAE has a one year low of $15.95 and a one year high of $25.53. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of -30.55, a price-to-earnings-growth ratio of 1.79 and a beta of 1.72. The company’s fifty day simple moving average is $23.98 and its two-hundred day simple moving average is $20.65.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CAE shares. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, StockNews.com cut CAE from a “buy” rating to a “hold” rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, CAE presently has an average rating of “Hold” and a consensus price target of $25.00.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.