CAE (TSE:CAE) Issues Earnings Results

CAE (TSE:CAE) (NYSE:CAE) released its quarterly earnings results on Wednesday. The company reported C$0.33 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$1.20 billion for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.

CAE Price Performance

CAE stock traded down C$0.32 during midday trading on Wednesday, reaching C$38.99. 610,055 shares of the company were exchanged, compared to its average volume of 927,426. The firm’s 50-day simple moving average is C$34.80 and its 200-day simple moving average is C$36.60. CAE has a 1 year low of C$31.42 and a 1 year high of C$47.65. The company has a market capitalization of C$12.55 billion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 1.76 and a beta of 0.46. The company has a debt-to-equity ratio of 59.43, a quick ratio of 0.71 and a current ratio of 0.83.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CAE shares. National Bank Financial lowered their target price on CAE from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Royal Bank Of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 17th. Desjardins boosted their price objective on shares of CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. TD increased their price objective on shares of CAE from C$43.00 to C$45.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, RBC Dominion Securities increased their price objective on shares of CAE from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Twelve analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and an average target price of C$46.93.

CAE Company Profile

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with sites and training locations in over 40 countries.