Q3 2019 Earnings Forecast for Cae Inc Issued By Desjardins (CAE)
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.
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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