CAE (TSE:CAE) Releases Quarterly Earnings Results

CAE (TSE:CAE) (NYSE:CAE) issued its quarterly earnings results on Wednesday. The company reported C$0.33 EPS for the quarter, FiscalAI reports. The business had revenue of C$1.20 billion for the quarter. CAE had a net margin of 5.75% and a return on equity of 5.47%.

CAE Price Performance

TSE CAE opened at C$38.99 on Thursday. The stock has a market capitalization of C$12.55 billion, a P/E ratio of 43.81, a P/E/G ratio of 1.76 and a beta of 0.46. CAE has a 1 year low of C$31.42 and a 1 year high of C$47.65. The business’s fifty day moving average is C$34.80 and its two-hundred day moving average is C$36.60. The company has a debt-to-equity ratio of 59.43, a quick ratio of 0.71 and a current ratio of 0.83.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CAE. Scotiabank reduced their price target on shares of CAE from C$50.00 to C$48.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 15th. Morgan Stanley downgraded shares of CAE from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from C$43.00 to C$37.00 in a research report on Wednesday, July 15th. TD increased their price objective on shares of CAE from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Bank of America cut their target price on shares of CAE from C$45.00 to C$38.00 in a report on Thursday, August 27th. Finally, Desjardins lifted their target price on CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, CAE has an average rating of “Moderate Buy” and an average price target of C$46.93.

About CAE

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with sites and training locations in over 40 countries.