CAE (CAE) to Release Earnings on Tuesday

CAE (TSE:CAE) (NYSE:CAE) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of C$0.18 per share for the quarter.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.21 EPS for the quarter, beating the consensus estimate of C$0.20 by C$0.01. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%. The company had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations of C$1.05 billion.

CAE Stock Up 3.3 %

Shares of CAE stock traded up C$0.82 during trading hours on Tuesday, reaching C$25.92. 327,780 shares of the company were exchanged, compared to its average volume of 603,615. The firm has a market cap of C$8.26 billion, a PE ratio of -23.46, a PEG ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. CAE has a 1 year low of C$22.28 and a 1 year high of C$31.90. The stock’s fifty day moving average is C$24.81 and its 200 day moving average is C$25.37.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Desjardins decreased their price objective on CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Canaccord Genuity Group lowered their price target on shares of CAE from C$28.50 to C$27.00 in a report on Thursday, August 15th. Scotiabank raised their price target on CAE from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Friday. National Bankshares lowered their price target on CAE from C$31.00 to C$29.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Finally, Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$30.60.

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.