Scotiabank Has Bullish Forecast for CAE FY2027 Earnings

CAE Inc (NYSE:CAE) (TSE:CAE) – Equities researchers at Scotiabank raised their FY2027 EPS estimates for shares of CAE in a research report issued on Wednesday, August 19th. Scotiabank analyst K. Gupta now anticipates that the aerospace company will post earnings per share of $0.91 for the year, up from their prior forecast of $0.86. The consensus estimate for CAE’s current full-year earnings is $0.87 per share.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. CAE had a net margin of 6.36% and a return on equity of 7.45%. The firm had revenue of $826.42 million for the quarter, compared to analysts’ expectations of $796.86 million. During the same period in the prior year, the company earned $0.21 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. CAE has set its FY 2027 guidance at 0.870-0.920 EPS.

Several other equities research analysts have also issued reports on CAE. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Morgan Stanley cut CAE from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 15th. National Bank Financial reissued an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Jefferies Financial Group restated a “hold” rating on shares of CAE in a report on Thursday, August 13th. Finally, Weiss Ratings downgraded CAE from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CAE presently has a consensus rating of “Hold” and a consensus price target of $31.00.

CAE Trading Up 1.1%

CAE opened at $25.02 on Monday. The stock has a 50-day moving average of $25.63 and a 200 day moving average of $26.66. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. CAE has a 12 month low of $22.76 and a 12 month high of $34.24. The firm has a market cap of $8.04 billion, a P/E ratio of 35.24, a P/E/G ratio of 2.85 and a beta of 1.01.

Institutional Trading of CAE

A number of hedge funds and other institutional investors have recently bought and sold shares of CAE. K.J. Harrison & Partners Inc bought a new stake in CAE during the 4th quarter valued at $1,222,000. Polar Asset Management Partners Inc. purchased a new stake in shares of CAE in the 1st quarter worth $3,253,000. Vanguard Group Inc. grew its position in shares of CAE by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,380,797 shares of the aerospace company’s stock worth $406,923,000 after buying an additional 229,270 shares in the last quarter. Alberta Investment Management Corp purchased a new position in shares of CAE during the second quarter valued at $2,159,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of CAE during the second quarter valued at $65,215,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

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.