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

CAE (NYSE:CAE) (TSE:CAE) posted its quarterly earnings results on Thursday. The aerospace company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01, Zacks reports. CAE had a net margin of 7.70% and a return on equity of 7.75%. CAE updated its FY 2027 guidance to 0.880-0.930 EPS.

CAE Stock Up 0.7%

CAE stock traded up $0.18 during trading hours on Thursday, hitting $26.91. The stock had a trading volume of 490,458 shares, compared to its average volume of 775,806. The stock’s 50-day moving average price is $26.61 and its 200-day moving average price is $28.70. The stock has a market capitalization of $8.65 billion, a P/E ratio of 32.42, a price-to-earnings-growth ratio of 3.02 and a beta of 1.03. CAE has a 12-month low of $24.57 and a 12-month high of $34.24. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 0.57.

Institutional Investors Weigh In On CAE

Institutional investors have recently modified their holdings of the business. FIL Ltd raised its position in CAE by 21.9% in the 4th quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock worth $316,955,000 after buying an additional 1,874,739 shares during the last quarter. Morgan Stanley lifted its position in CAE by 114.0% during the fourth quarter. Morgan Stanley now owns 2,059,644 shares of the aerospace company’s stock valued at $62,654,000 after purchasing an additional 1,097,193 shares during the period. Goldman Sachs Group Inc. boosted its holdings in CAE by 142.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock worth $42,036,000 after purchasing an additional 1,004,820 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in CAE during the 4th quarter valued at $29,165,000. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of CAE by 58.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,804,400 shares of the aerospace company’s stock valued at $54,819,000 after buying an additional 664,975 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CAE. Stifel Nicolaus initiated coverage on CAE in a research note on Wednesday, March 4th. They issued a “buy” rating on the stock. Jefferies Financial Group cut their target price on shares of CAE from $31.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 17th. Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. TD Securities reissued a “buy” rating on shares of CAE in a research report on Tuesday, February 17th. Finally, Canaccord Genuity Group began coverage on shares of CAE in a research report on Friday, March 13th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CAE currently has an average rating of “Moderate Buy” and an average target price of $33.33.

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.