Wall Street brokerages forecast that CAE Inc. (NYSE:CAE – Get Rating) (TSE:CAE) will post $745.31 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for CAE’s earnings, with estimates ranging from $696.78 million to $791.50 million. CAE reported sales of $706.22 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The company is expected to issue its next earnings report before the market opens on Monday, January 1st.
On average, analysts expect that CAE will report full-year sales of $2.64 billion for the current financial year, with estimates ranging from $2.61 billion to $2.69 billion. For the next year, analysts expect that the firm will report sales of $3.19 billion, with estimates ranging from $3.05 billion to $3.36 billion. Zacks’ sales averages are an average based on a survey of research firms that follow CAE.
A number of equities research analysts recently weighed in on CAE shares. Scotiabank decreased their target price on CAE from C$44.00 to C$43.00 in a research report on Monday, April 18th. StockNews.com initiated coverage on shares of CAE in a research note on Thursday, March 31st. They set a “hold” rating for the company. TD Securities upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, February 15th. National Bank Financial cut their price target on shares of CAE from C$45.00 to C$44.00 in a research note on Monday, February 14th. Finally, Desjardins cut their price target on shares of CAE from C$38.00 to C$37.00 in a research note on Tuesday, February 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.00.
CAE stock traded up $0.32 during trading on Thursday, reaching $23.76. 250,762 shares of the stock were exchanged, compared to its average volume of 320,932. CAE has a twelve month low of $20.96 and a twelve month high of $34.19. The company has a market capitalization of $7.53 billion, a P/E ratio of 84.86, a price-to-earnings-growth ratio of 3.13 and a beta of 1.58. The stock has a 50 day simple moving average of $24.97 and a 200-day simple moving average of $25.39. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.64.
About CAE (Get Rating)
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment and training solutions to defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers worldwide.
- Get a free copy of the StockNews.com research report on CAE (CAE)
- Genesco Pops On Earnings But Don’t Expect A Rally
- The Insiders Are Selling Movado Group, But You Shouldn’t
- Beware The Rebound In Retail Stocks
- It’s A Good Time To Own Ralph Lauren (NYSE: RL)
- Block, Inc: Correcting for Negative Earnings
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.