CAE (TSE:CAE) Releases Quarterly Earnings Results

CAE (TSE:CAE) (NYSE:CAE) released its earnings results on Wednesday. The company reported C$0.26 earnings per share (EPS) for the quarter, FiscalAI reports. CAE had a net margin of 6.37% and a return on equity of 6.12%. The business had revenue of C$1.17 billion for the quarter.

CAE Stock Performance

Shares of CAE stock opened at C$36.60 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. The company has a market cap of C$11.77 billion, a PE ratio of 37.73, a P/E/G ratio of 1.76 and a beta of 0.57. The company’s fifty day simple moving average is C$36.00 and its 200-day simple moving average is C$37.40. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65.

Insider Transactions at CAE

In other news, insider Alexandre Prevost sold 1,430 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$35.50, for a total value of C$50,765.00. Following the completion of the sale, the insider owned 8,981 shares of the company’s stock, valued at C$318,825.50. This represents a 13.74% decrease in their ownership of the stock. Also, Director Matthew Bromberg sold 64,710 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$35.60, for a total value of C$2,303,676.00. Following the completion of the sale, the director owned 46,915 shares of the company’s stock, valued at approximately C$1,670,174. This trade represents a 57.97% decrease in their position. Insiders sold 87,975 shares of company stock worth $3,127,182 in the last quarter. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CAE has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Morgan Stanley cut shares of CAE from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. Desjardins dropped their price objective on CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Monday, May 4th. Scotia cut their target price on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 22nd. Finally, TD reduced their target price on CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a report on Monday, May 25th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, CAE has an average rating of “Moderate Buy” and an average price target of C$47.92.

CAE Company Profile

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.