CAE (TSE:CAE) Announces Quarterly Earnings Results

CAE (TSE:CAE) (NYSE:CAE) announced its earnings results on Wednesday. The company reported C$0.26 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$1.17 billion during the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%.

CAE Trading Up 2.1%

Shares of CAE stock traded up C$0.80 during trading hours on Wednesday, reaching C$38.59. 1,082,112 shares of the stock traded hands, compared to its average volume of 930,059. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 60.97. The firm has a market capitalization of C$12.41 billion, a PE ratio of 39.78, a PEG ratio of 1.76 and a beta of 0.57. CAE has a 1-year low of C$31.42 and a 1-year high of C$47.65. The business has a fifty day moving average price of C$35.89 and a 200 day moving average price of C$37.51.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Desjardins dropped their price target on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Canaccord Genuity Group boosted their target price on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Morgan Stanley cut CAE from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from C$43.00 to C$37.00 in a report on Wednesday, July 15th. National Bank Financial cut their target price on CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. Finally, TD lowered their price target on CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a research report on Monday, May 25th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$47.92.

Insider Transactions at CAE

In other CAE news, insider Pascal Grenier sold 2,434 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total transaction of C$86,139.26. Following the sale, the insider directly owned 21,483 shares of the company’s stock, valued at C$760,283.37. The trade was a 10.18% decrease in their position. Also, insider Hélène Violaine Gagnon sold 2,062 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$72,974.18. Following the completion of the sale, the insider owned 17,231 shares of the company’s stock, valued at C$609,805.09. The trade was a 10.69% decrease in their position. In the last ninety days, insiders have sold 87,975 shares of company stock worth $3,127,182. 0.15% of the stock is currently owned by insiders.

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.