National Bank Financial Comments on CAE Inc.’s Q4 2024 Earnings (NYSE:CAE)

CAE Inc. (NYSE:CAE) (TSE:CAE) – National Bank Financial decreased their Q4 2024 earnings per share estimates for shares of CAE in a report released on Monday, April 15th. National Bank Financial analyst C. Doerksen now forecasts that the aerospace company will earn $0.31 per share for the quarter, down from their previous estimate of $0.32. The consensus estimate for CAE’s current full-year earnings is $0.87 per share. National Bank Financial also issued estimates for CAE’s FY2026 earnings at $1.15 EPS.

Other equities research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. Scotiabank downgraded CAE from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group lifted their price target on CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.75.

CAE Stock Performance

NYSE:CAE opened at $18.56 on Wednesday. The firm has a market capitalization of $5.91 billion, a PE ratio of 28.99, a PEG ratio of 1.41 and a beta of 1.59. CAE has a 1 year low of $18.26 and a 1 year high of $25.04. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55. The firm’s fifty day simple moving average is $19.66 and its 200 day simple moving average is $20.60.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. CAE had a return on equity of 7.52% and a net margin of 6.20%. The company had revenue of $804.01 million for the quarter, compared to the consensus estimate of $807.13 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. JARISLOWSKY FRASER Ltd raised its stake in shares of CAE by 28.5% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 17,334,635 shares of the aerospace company’s stock valued at $375,982,000 after purchasing an additional 3,843,611 shares in the last quarter. Norges Bank bought a new position in shares of CAE during the 4th quarter worth about $74,413,000. Wasatch Advisors Inc. acquired a new stake in shares of CAE during the 1st quarter valued at about $58,679,000. Mackenzie Financial Corp increased its stake in CAE by 6.7% in the fourth quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock valued at $719,443,000 after acquiring an additional 2,083,595 shares during the period. Finally, Citigroup Inc. raised its position in CAE by 1,533.3% in the third quarter. Citigroup Inc. now owns 915,129 shares of the aerospace company’s stock worth $21,464,000 after purchasing an additional 859,098 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

About CAE

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.