CAE (NYSE:CAE) Issues Earnings Results, Beats Expectations By $0.14 EPS

CAE (NYSE:CAE) (TSE:CAE) released its quarterly earnings results on Wednesday. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.14, Briefing.com reports. CAE had a net margin of 6.36% and a return on equity of 7.45%. During the same period in the previous year, the company posted $0.23 EPS. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. CAE updated its FY 2027 guidance to 0.920-0.970 EPS.

CAE Trading Down 1.2%

NYSE:CAE traded down $0.34 on Wednesday, reaching $27.39. The company’s stock had a trading volume of 654,213 shares, compared to its average volume of 765,867. The stock has a 50 day moving average price of $24.68 and a 200 day moving average price of $26.40. CAE has a 12-month low of $22.76 and a 12-month high of $34.24. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 38.58, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06.

Analysts Set New Price Targets

CAE has been the topic of several research reports. Barclays assumed coverage on shares of CAE in a research note on Friday, October 9th. They issued an “overweight” rating and a $38.00 price target on the stock. Morgan Stanley cut shares of CAE from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 15th. Jefferies Financial Group cut their price objective on shares of CAE from $28.00 to $26.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. Weiss Ratings lowered shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Finally, Scotiabank restated an “outperform” rating on shares of CAE in a report on Tuesday, October 27th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.33.

About CAE

CAE Inc. is a Canadian technology company that develops simulation and training solutions for the civil aviation and defense markets. Founded in 1947 and headquartered in Montreal, the company serves customers around the world. In civil aviation, CAE provides flight simulators, training devices, and pilot and crew training services to airlines, business aviation operators, aircraft manufacturers, and other aviation organizations. Its offerings support training across a range of aircraft types and operational needs.