Scotiabank Has Bearish Estimate for CAE FY2027 Earnings

CAE Inc. (TSE:CAE) (NYSE:CAE) – Stock analysts at Scotiabank dropped their FY2027 earnings per share estimates for shares of CAE in a research report issued to clients and investors on Thursday, July 23rd. Scotiabank analyst K. Gupta now forecasts that the company will post earnings per share of $1.21 for the year, down from their previous estimate of $1.26.

CAE (TSE:CAE) (NYSE:CAE) last released its earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share for the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%. The firm had revenue of C$1.33 billion for the quarter.

A number of other equities research analysts have also weighed in on CAE. Royal Bank Of Canada reduced their price objective on shares of CAE from C$42.00 to C$36.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. Desjardins lowered their target price on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Stifel Nicolaus cut their price target on CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. National Bank Financial decreased their price target on CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a report on Monday, May 25th. Finally, TD lowered their price objective on CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a research report on Monday, May 25th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.92.

CAE Trading Up 2.1%

TSE CAE opened at C$37.20 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 60.97. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65. The stock has a market capitalization of C$11.96 billion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. The firm has a 50 day moving average of C$35.43 and a two-hundred day moving average of C$38.14.

Insider Activity at CAE

In other news, Director Matthew Bromberg sold 64,710 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$35.60, for a total value of C$2,303,676.00. Following the completion of the transaction, the director owned 46,915 shares in the company, valued at approximately C$1,670,174. This represents a 57.97% decrease in their position. Also, insider Alexandre Prevost sold 1,430 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$35.50, for a total transaction of C$50,765.00. Following the completion of the transaction, the insider owned 8,981 shares of the company’s stock, valued at approximately C$318,825.50. The trade was a 13.74% decrease in their position. Insiders have sold 87,975 shares of company stock valued at $3,127,182 in the last quarter. Company insiders own 0.15% of the company’s stock.

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.