CAE (NYSE:CAE) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

CAE (NYSE:CAE) (TSE:CAE) announced its earnings results on Tuesday. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01, Briefing.com reports. CAE had a positive return on equity of 6.10% and a negative net margin of 6.97%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $0.18 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year.

CAE Stock Up 3.8 %

Shares of CAE stock traded up $0.63 on Wednesday, hitting $17.39. The company’s stock had a trading volume of 118,157 shares, compared to its average volume of 588,635. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.61. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $25.04. The firm’s fifty day moving average price is $18.25 and its 200-day moving average price is $19.18. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of -23.26, a P/E/G ratio of 1.25 and a beta of 1.67.

Analysts Set New Price Targets

CAE has been the topic of several recent research reports. Canaccord Genuity Group restated a “hold” rating on shares of CAE in a research report on Wednesday, May 22nd. The Goldman Sachs Group lifted their price objective on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Jefferies Financial Group began coverage on shares of CAE in a research report on Thursday, June 6th. They set a “hold” rating and a $21.00 price objective on the stock. StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Finally, Canaccord Genuity Group cut shares of CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.25.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.