Cae Inc (NYSE:CAE) (TSE:CAE) – Analysts at Desjardins dropped their Q3 2019 earnings per share estimates for shares of CAE in a research note issued to investors on Thursday, February 7th. Desjardins analyst B. Poirier now expects that the aerospace company will post earnings per share of $0.24 for the quarter, down from their prior forecast of $0.26. Desjardins currently has a “Average” rating and a $31.00 price target on the stock. Desjardins also issued estimates for CAE’s Q4 2019 earnings at $0.31 EPS and FY2019 earnings at $0.90 EPS.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Friday, February 8th. The aerospace company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). The business had revenue of $816.00 million during the quarter, compared to analyst estimates of $774.68 million. CAE had a net margin of 11.83% and a return on equity of 13.36%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share.

CAE has been the topic of a number of other reports. ValuEngine raised shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Zacks Investment Research cut shares of CAE from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. CIBC reaffirmed an “average” rating and issued a $29.00 target price on shares of CAE in a report on Monday, November 26th. TD Securities reaffirmed a “hold” rating on shares of CAE in a report on Monday, November 12th. Finally, Macquarie raised shares of CAE from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 14th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $28.13.

Shares of CAE stock opened at $20.81 on Friday. The firm has a market capitalization of $5.60 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. CAE has a 12 month low of $16.96 and a 12 month high of $21.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 1.35.

Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its position in CAE by 786.5% in the 4th quarter. Parallel Advisors LLC now owns 3,679 shares of the aerospace company’s stock valued at $67,000 after buying an additional 3,264 shares during the last quarter. Advisors Capital Management LLC purchased a new position in CAE in the 4th quarter valued at $190,000. Quadrant Capital Group LLC grew its position in CAE by 265.6% in the 4th quarter. Quadrant Capital Group LLC now owns 10,514 shares of the aerospace company’s stock valued at $186,000 after buying an additional 7,638 shares during the last quarter. Bristol Gate Capital Partners Inc. purchased a new position in CAE in the 3rd quarter valued at $253,000. Finally, Wetherby Asset Management Inc. grew its position in CAE by 4.7% in the 4th quarter. Wetherby Asset Management Inc. now owns 13,276 shares of the aerospace company’s stock valued at $244,000 after buying an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 47.54% of the company’s stock.

CAE Company Profile

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The 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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