According to Zacks, “CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. The Company design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers. “
Other equities research analysts have also issued research reports about the stock. BMO Capital Markets restated a buy rating and issued a $33.00 price target on shares of CAE in a report on Tuesday, April 30th. Desjardins lowered shares of CAE from a buy rating to a hold rating in a report on Tuesday, May 21st. CIBC restated a hold rating and issued a $37.00 price target on shares of CAE in a report on Wednesday, May 22nd. Finally, National Bank Financial lowered shares of CAE from an outperform rating to a sector perform rating in a report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. CAE has a consensus rating of Hold and an average price target of $30.70.
CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Friday, May 17th. The aerospace company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. CAE had a net margin of 9.98% and a return on equity of 14.22%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $945.05 million. During the same quarter in the previous year, the business posted $0.37 EPS. The company’s quarterly revenue was up 41.7% compared to the same quarter last year. Sell-side analysts expect that CAE will post 1.04 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.0742 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, June 13th. CAE’s payout ratio is currently 31.58%.
Institutional investors have recently modified their holdings of the company. First Trust Advisors LP acquired a new stake in CAE during the 1st quarter valued at approximately $449,000. FMR LLC lifted its stake in CAE by 35.6% during the 1st quarter. FMR LLC now owns 3,511,984 shares of the aerospace company’s stock valued at $77,816,000 after acquiring an additional 921,799 shares during the period. Marshall Wace North America L.P. lifted its stake in CAE by 37.5% during the 1st quarter. Marshall Wace North America L.P. now owns 153,074 shares of the aerospace company’s stock valued at $3,393,000 after acquiring an additional 41,737 shares during the period. Marshall Wace LLP lifted its stake in CAE by 37.7% during the 1st quarter. Marshall Wace LLP now owns 187,624 shares of the aerospace company’s stock valued at $4,158,000 after acquiring an additional 51,377 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in CAE by 398.5% during the 1st quarter. Lazard Asset Management LLC now owns 606,691 shares of the aerospace company’s stock valued at $13,438,000 after acquiring an additional 484,997 shares during the period. 47.13% of the stock is currently owned by hedge funds and other institutional investors.
CAE Company Profile
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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