CAE (TSE:CAE) Issues Quarterly Earnings Results

CAE (TSE:CAE) (NYSE:CAE) released its quarterly earnings results on Wednesday. The company reported C$0.33 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$1.20 billion during the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.

CAE Stock Up 3.1%

TSE CAE opened at C$40.19 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43. The company has a fifty day moving average of C$34.95 and a two-hundred day moving average of C$36.58. The firm has a market capitalization of C$12.94 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.76 and a beta of 0.46. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Scotiabank cut their target price on shares of CAE from C$50.00 to C$48.00 and set a “sector outperform” rating for the company in a report on Thursday, October 15th. National Bank Financial reduced their price target on shares of CAE from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. Desjardins upped their price target on shares of CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, August 14th. RBC Dominion Securities increased their price objective on shares of CAE from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Finally, Barclays set a C$54.00 price objective on shares of CAE and gave the stock an “overweight” rating in a research note on Friday, October 9th. Twelve analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CAE presently has an average rating of “Moderate Buy” and a consensus price target of C$46.93.

About CAE

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with sites and training locations in over 40 countries.