CAE (NYSE:CAE) Announces Earnings Results, Beats Expectations By $0.02 EPS

CAE (NYSE:CAE) (TSE:CAE) released its earnings results on Thursday. The aerospace company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02, Zacks reports. The firm had revenue of $911.78 million for the quarter, compared to analysts’ expectations of $922.62 million. CAE had a return on equity of 7.81% and a net margin of 7.70%.The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS.

CAE Stock Performance

Shares of NYSE CAE traded down $1.15 during mid-day trading on Friday, reaching $30.23. 2,062,774 shares of the company were exchanged, compared to its average volume of 652,644. The company’s 50-day simple moving average is $31.43 and its 200-day simple moving average is $28.90. The company has a quick ratio of 0.59, a current ratio of 0.83 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $9.73 billion, a P/E ratio of 36.43, a P/E/G ratio of 2.37 and a beta of 1.11. CAE has a twelve month low of $20.36 and a twelve month high of $34.24.

Hedge Funds Weigh In On CAE

A number of large investors have recently made changes to their positions in CAE. Cerity Partners LLC grew its position in CAE by 14.1% in the fourth quarter. Cerity Partners LLC now owns 13,374 shares of the aerospace company’s stock valued at $407,000 after acquiring an additional 1,648 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of CAE by 19.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 13,094 shares of the aerospace company’s stock valued at $383,000 after purchasing an additional 2,157 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of CAE by 6.3% during the 2nd quarter. Corient Private Wealth LLC now owns 13,067 shares of the aerospace company’s stock valued at $382,000 after purchasing an additional 770 shares during the last quarter. Xponance LLC acquired a new position in CAE during the 4th quarter worth approximately $377,000. Finally, Militia Capital Partners LP acquired a new stake in CAE in the third quarter valued at approximately $288,000. Institutional investors own 67.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CAE shares. Weiss Ratings upgraded CAE from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 3rd. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. TD Securities reissued a “buy” rating on shares of CAE in a report on Monday, January 12th. Scotiabank restated an “outperform” rating on shares of CAE in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada cut their price target on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CAE currently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

CAE Company Profile

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.