FY2024 EPS Estimates for CAE Inc. Reduced by National Bank Financial (NYSE:CAE)

CAE Inc. (NYSE:CAE) (TSE:CAE) – Equities researchers at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for CAE in a note issued to investors on Monday, April 15th. National Bank Financial analyst C. Doerksen now forecasts that the aerospace company will earn $0.85 per share for the year, down from their prior estimate of $0.88. The consensus estimate for CAE’s current full-year earnings is $0.87 per share.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. CAE had a return on equity of 7.52% and a net margin of 6.20%. The firm had revenue of $804.01 million for the quarter, compared to analysts’ expectations of $807.13 million.

CAE has been the topic of a number of other reports. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group increased their target price on CAE from $25.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Scotiabank lowered CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, CAE presently has an average rating of “Moderate Buy” and an average price target of $34.75.

CAE Stock Up 0.4 %

NYSE:CAE opened at $18.63 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average is $19.61 and its two-hundred day moving average is $20.58. CAE has a 52 week low of $18.26 and a 52 week high of $25.04. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59.

Hedge Funds Weigh In On CAE

Several hedge funds have recently made changes to their positions in CAE. Group One Trading L.P. purchased a new position in shares of CAE during the first quarter worth about $180,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of CAE by 42.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,085 shares of the aerospace company’s stock worth $107,000 after purchasing an additional 1,223 shares during the last quarter. Citigroup Inc. grew its holdings in shares of CAE by 74.6% during the first quarter. Citigroup Inc. now owns 147,066 shares of the aerospace company’s stock worth $3,832,000 after purchasing an additional 62,836 shares during the last quarter. Natixis Advisors L.P. grew its holdings in shares of CAE by 19.6% during the first quarter. Natixis Advisors L.P. now owns 40,789 shares of the aerospace company’s stock worth $1,064,000 after purchasing an additional 6,677 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of CAE by 10.4% during the first quarter. BlackRock Inc. now owns 151,797 shares of the aerospace company’s stock worth $3,959,000 after buying an additional 14,268 shares during the period. 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.