CAE (NYSE:CAE – Get Free Report) (TSE:CAE) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.120-0.120 for the period, compared to the consensus estimate of 0.310. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $945.2 million. CAE also updated its FY 2024 guidance to 0.870-0.870 EPS.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Desjardins lowered shares of CAE from a buy rating to a hold rating in a research report on Tuesday. Canaccord Genuity Group reiterated a hold rating on shares of CAE in a research report on Wednesday. Canaccord Genuity Group lowered shares of CAE from a buy rating to a hold rating in a research report on Wednesday. StockNews.com lowered shares of CAE from a buy rating to a hold rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price target on shares of CAE from $25.00 to $29.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $34.75.
Read Our Latest Stock Analysis on CAE
CAE Stock Performance
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.
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