CAE (TSE:CAE) Posts Quarterly Earnings Results

CAE (TSE:CAE) (NYSE:CAE) posted its quarterly earnings results on Thursday. The company reported C$0.42 earnings per share for the quarter, FiscalAI reports. CAE had a return on equity of 7.50% and a net margin of 7.73%.The company had revenue of C$1.33 billion for the quarter.

CAE Stock Performance

Shares of CAE opened at C$32.01 on Friday. The business’s fifty day simple moving average is C$36.39 and its two-hundred day simple moving average is C$39.46. The company has a market cap of C$10.30 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 1.76 and a beta of 0.71. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 62.81. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65.

Analyst Upgrades and Downgrades

Several brokerages have commented on CAE. Royal Bank Of Canada cut their target price on CAE from C$46.00 to C$42.00 in a research note on Monday, April 13th. Stifel Nicolaus set a C$50.00 target price on CAE and gave the company a “buy” rating in a research note on Wednesday, March 4th. TD cut their target price on CAE from C$53.00 to C$49.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Scotia cut their target price on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research note on Friday. Finally, TD Securities cut their target price on CAE from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, CAE presently has an average rating of “Moderate Buy” and a consensus price target of C$50.91.

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.