CAE (CAE) Set to Announce Earnings on Tuesday

CAE (TSE:CAE) (NYSE:CAE) will be releasing its earnings data after the market closes on Tuesday, November 12th. Analysts expect CAE to post earnings of C$0.18 per share for the quarter.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.21 EPS for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.01. The company had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.05 billion. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%.

CAE Stock Up 3.3 %

TSE CAE traded up C$0.82 during midday trading on Tuesday, hitting C$25.92. 327,780 shares of the company traded hands, compared to its average volume of 603,615. CAE has a 52 week low of C$22.28 and a 52 week high of C$31.90. The company’s 50-day simple moving average is C$24.81 and its 200-day simple moving average is C$25.37. The company has a market cap of C$8.26 billion, a PE ratio of -23.46, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71.

Analysts Set New Price Targets

Several research analysts recently issued reports on CAE shares. BMO Capital Markets reduced their target price on CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Canaccord Genuity Group lowered their target price on shares of CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. Scotiabank upped their price target on shares of CAE from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Friday. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Finally, National Bankshares dropped their price objective on shares of CAE from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. One equities 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$30.60.

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.