CAE Inc. (NYSE:CAE – Free Report) (TSE:CAE) – Equities researchers at Desjardins raised their FY2025 earnings estimates for shares of CAE in a note issued to investors on Wednesday, November 13th. Desjardins analyst B. Poirier now anticipates that the aerospace company will post earnings of $0.86 per share for the year, up from their prior estimate of $0.82. The consensus estimate for CAE’s current full-year earnings is $0.85 per share. Desjardins also issued estimates for CAE’s FY2027 earnings at $1.14 EPS.
Other research analysts have also issued research reports about the company. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, Morgan Stanley cut shares of CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.
CAE Price Performance
Shares of NYSE CAE opened at $21.77 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.61 and a current ratio of 0.84. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $22.11. The stock has a market cap of $6.93 billion, a PE ratio of -28.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.67. The stock has a fifty day moving average of $18.61 and a 200-day moving average of $18.59.
CAE (NYSE:CAE – Get Free Report) (TSE:CAE) last issued its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%. The business 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 firm posted $0.18 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year.
Hedge Funds Weigh In On CAE
A number of hedge funds and other institutional investors have recently bought and sold shares of CAE. Public Employees Retirement System of Ohio bought a new stake in shares of CAE during the 3rd quarter worth $4,857,000. National Bank of Canada FI lifted its stake in CAE by 13.4% during the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock worth $117,023,000 after purchasing an additional 736,895 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of CAE by 4.7% in the 3rd quarter. Wellington Management Group LLP now owns 114,025 shares of the aerospace company’s stock worth $2,143,000 after purchasing an additional 5,101 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of CAE by 47.9% during the 3rd quarter. Stifel Financial Corp now owns 99,802 shares of the aerospace company’s stock valued at $1,871,000 after buying an additional 32,344 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in CAE by 3.7% in the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after buying an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.
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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.
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