CAE (NYSE:CAE) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

CAE (NYSE:CAE) (TSE:CAE) released its quarterly earnings data on Tuesday. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01, Briefing.com reports. CAE had a positive return on equity of 6.10% and a negative net margin of 6.97%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year.

CAE Stock Up 3.3 %

Shares of CAE stock traded up $0.56 during midday trading on Wednesday, reaching $17.32. 429,412 shares of the stock were exchanged, compared to its average volume of 590,630. The firm has a market cap of $5.53 billion, a PE ratio of -24.15, a price-to-earnings-growth ratio of 1.25 and a beta of 1.67. CAE has a 1 year low of $15.95 and a 1 year high of $25.04. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $18.25 and its two-hundred day moving average is $19.18.

Analyst Ratings Changes

Several research firms have commented on CAE. Canaccord Genuity Group downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Royal Bank of Canada downgraded CAE from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Canaccord Genuity Group reaffirmed a “hold” rating on shares of CAE in a research note on Wednesday, May 22nd. Desjardins lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, Jefferies Financial Group initiated coverage on CAE in a report on Thursday, June 6th. They set a “hold” rating and a $21.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.25.

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.