Scotiabank Forecasts CAE’s FY2027 Earnings (NYSE:CAE)

CAE Inc (NYSE:CAE) (TSE:CAE) – Equities researchers at Scotiabank lifted their FY2027 EPS estimates for CAE in a note issued to investors on Wednesday, August 19th. Scotiabank analyst K. Gupta now forecasts that the aerospace company will post earnings per share of $0.91 for the year, up from their previous estimate of $0.86. The consensus estimate for CAE’s current full-year earnings is $0.87 per share.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. CAE had a net margin of 6.36% and a return on equity of 7.45%. The company had revenue of $826.42 million during the quarter, compared to the consensus estimate of $796.86 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. CAE has set its FY 2027 guidance at 0.870-0.920 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a report on Thursday, August 13th. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings downgraded CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. National Bank Financial reissued an “outperform” rating on shares of CAE in a report on Friday, May 22nd. Finally, Morgan Stanley downgraded CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, CAE presently has an average rating of “Hold” and an average price target of $31.00.

CAE Stock Down 0.7%

CAE stock opened at $24.74 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. CAE has a 1-year low of $22.76 and a 1-year high of $34.24. The firm’s fifty day simple moving average is $25.64 and its 200-day simple moving average is $26.70. The company has a market capitalization of $7.95 billion, a P/E ratio of 34.85, a P/E/G ratio of 2.85 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tacita Capital Inc acquired a new position in CAE during the 2nd quarter worth $37,000. Transamerica Financial Advisors LLC grew its position in shares of CAE by 170.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 799 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of CAE in the fourth quarter valued at about $41,000. CIBC Private Wealth Group LLC bought a new position in shares of CAE in the third quarter worth about $42,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of CAE in the fourth quarter worth about $47,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.