CAE Inc (CAE) Scheduled to Post Quarterly Earnings on Thursday
CAE Inc (NYSE:CAE) (TSE:CAE) is set to announce its earnings results before the market opens on Thursday, August 10th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Wednesday, May 31st. The aerospace company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $734.70 million during the quarter, compared to the consensus estimate of $748.41 million. CAE had a net margin of 9.30% and a return on equity of 13.96%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. On average, analysts expect CAE to post $0.81 EPS for the current fiscal year and $0.89 EPS for the next fiscal year.
CAE Inc (NYSE:CAE) opened at 17.07 on Tuesday. CAE Inc has a 12-month low of $12.98 and a 12-month high of $17.88. The company has a market capitalization of $4.58 billion, a P/E ratio of 23.16 and a beta of 0.86. The stock’s 50 day moving average is $17.13 and its 200-day moving average is $15.69.
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Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, August 1st. BidaskClub downgraded shares of CAE from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. CAE has an average rating of “Hold” and an average target price of $19.14.
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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