CAE Inc. to Post FY2024 Earnings of $1.17 Per Share, National Bank Financial Forecasts (TSE:CAE)

CAE Inc. (TSE:CAE) (NYSE:CAE) – Investment analysts at National Bank Financial decreased their FY2024 EPS estimates for CAE in a research note issued to investors on Monday, April 15th. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $1.17 per share for the year, down from their prior estimate of $1.18. The consensus estimate for CAE’s current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for CAE’s Q4 2024 earnings at $0.42 EPS and FY2026 earnings at $1.58 EPS.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data on Wednesday, February 14th. The company reported C$0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.24. CAE had a net margin of 6.13% and a return on equity of 6.24%. The business had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.09 billion.

CAE has been the subject of several other research reports. Scotiabank reduced their price target on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating for the company in a research report on Thursday, February 15th. TD Securities reduced their price target on shares of CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Desjardins reduced their price target on shares of CAE from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. National Bankshares reduced their price target on shares of CAE from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Canaccord Genuity Group reduced their price target on shares of CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$32.80.

CAE Stock Down 1.8 %

CAE opened at C$25.56 on Wednesday. CAE has a twelve month low of C$24.75 and a twelve month high of C$33.87. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 67.89. The company has a 50-day moving average price of C$26.67 and a 200 day moving average price of C$27.93. The company has a market cap of C$8.14 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.