CAE (CAE) to Release Earnings on Wednesday

CAE (TSE:CAE) (NYSE:CAE) will be posting its quarterly earnings results before the market opens on Wednesday, August 14th. Analysts expect CAE to post earnings of C$0.21 per share for the quarter.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Monday, May 27th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.18). CAE had a negative net margin of 7.10% and a negative return on equity of 7.14%. The business had revenue of C$1.13 billion during the quarter, compared to the consensus estimate of C$1.18 billion.

CAE Trading Down 0.9 %

CAE stock opened at C$22.62 on Tuesday. CAE has a one year low of C$22.28 and a one year high of C$33.87. The stock has a market cap of C$7.21 billion, a price-to-earnings ratio of -22.18, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a fifty day moving average price of C$25.15 and a two-hundred day moving average price of C$26.21. The company has a debt-to-equity ratio of 71.45, a current ratio of 0.85 and a quick ratio of 0.71.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CAE shares. BMO Capital Markets decreased their price target on shares of CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. Canaccord Genuity Group cut CAE from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$34.00 to C$30.00 in a report on Wednesday, May 22nd. National Bankshares reduced their price target on CAE from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Desjardins lowered their price objective on CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada decreased their price target on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, CAE presently has an average rating of “Hold” and a consensus target price of C$30.90.

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.