Brokerages Anticipate Cae Inc (NYSE:CAE) Will Announce Earnings of $0.20 Per Share

Wall Street analysts expect that Cae Inc (NYSE:CAE) (TSE:CAE) will announce earnings per share (EPS) of $0.20 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for CAE’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.21. CAE also posted earnings per share of $0.20 during the same quarter last year. The business is scheduled to report its next quarterly earnings report before the market opens on Wednesday, August 14th.

On average, analysts expect that CAE will report full-year earnings of $1.04 per share for the current year, with EPS estimates ranging from $0.99 to $1.10. For the next financial year, analysts forecast that the company will post earnings of $1.16 per share, with EPS estimates ranging from $1.15 to $1.18. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow CAE.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Friday, May 17th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. CAE had a return on equity of 14.22% and a net margin of 9.98%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $945.05 million. During the same period last year, the firm earned $0.37 earnings per share. CAE’s quarterly revenue was up 41.7% on a year-over-year basis.

CAE has been the topic of several research reports. CIBC reaffirmed a “hold” rating and set a $37.00 price target on shares of CAE in a research note on Wednesday, May 22nd. Zacks Investment Research downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. BMO Capital Markets downgraded shares of CAE from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 21st. Finally, National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. USS Investment Management Ltd boosted its holdings in CAE by 0.3% in the second quarter. USS Investment Management Ltd now owns 6,032,330 shares of the aerospace company’s stock valued at $161,809,000 after acquiring an additional 20,216 shares during the last quarter. FMR LLC grew its position in shares of CAE by 35.6% in the 1st quarter. FMR LLC now owns 3,511,984 shares of the aerospace company’s stock valued at $77,816,000 after buying an additional 921,799 shares during the last quarter. Bank of Montreal Can grew its position in shares of CAE by 10.9% in the 1st quarter. Bank of Montreal Can now owns 3,256,954 shares of the aerospace company’s stock valued at $72,142,000 after buying an additional 319,594 shares during the last quarter. Norges Bank bought a new stake in shares of CAE in the 4th quarter valued at about $53,355,000. Finally, Toronto Dominion Bank grew its position in shares of CAE by 2.8% in the 1st quarter. Toronto Dominion Bank now owns 2,379,389 shares of the aerospace company’s stock valued at $52,949,000 after buying an additional 64,835 shares during the last quarter. 47.07% of the stock is owned by institutional investors and hedge funds.

NYSE CAE traded up $0.12 during mid-day trading on Tuesday, hitting $26.74. The company’s stock had a trading volume of 206,800 shares, compared to its average volume of 174,859. CAE has a 52-week low of $16.96 and a 52-week high of $28.03. The company has a fifty day moving average price of $27.04. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.86. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 2.61 and a beta of 0.78.

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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Earnings History and Estimates for CAE (NYSE:CAE)

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