Zacks: Brokerages Anticipate CAE Inc. (NYSE:CAE) Will Announce Earnings of $0.14 Per Share

Brokerages predict that CAE Inc. (NYSE:CAE) (TSE:CAE) will report earnings of $0.14 per share for the current quarter, according to Zacks. Two analysts have made estimates for CAE’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.13. CAE posted earnings of ($0.08) per share during the same quarter last year, which would suggest a positive year over year growth rate of 275%. The firm is expected to announce its next earnings results on Wednesday, August 11th.

According to Zacks, analysts expect that CAE will report full-year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.78 to $0.82. For the next fiscal year, analysts expect that the business will report earnings of $1.22 per share, with EPS estimates ranging from $1.19 to $1.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for CAE.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, May 18th. The aerospace company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.17 by $0.05. The company had revenue of $894.30 million for the quarter, compared to analyst estimates of $878.95 million. CAE had a positive return on equity of 4.94% and a negative net margin of 1.35%. The firm’s revenue was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share.

Several research analysts have weighed in on CAE shares. Scotiabank lowered their target price on CAE from $45.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, March 11th. CIBC decreased their price target on CAE from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Thursday, May 20th. BMO Capital Markets lifted their price target on CAE from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, April 15th. TD Securities lifted their price target on CAE from $34.00 to $40.00 and gave the company a “hold” rating in a research note on Tuesday, March 2nd. Finally, Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, March 16th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. CAE has a consensus rating of “Buy” and a consensus price target of $39.40.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec boosted its position in CAE by 161.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 24,604,237 shares of the aerospace company’s stock worth $692,846,000 after purchasing an additional 15,200,000 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of CAE by 13.6% in the first quarter. Artisan Partners Limited Partnership now owns 4,140,310 shares of the aerospace company’s stock worth $117,979,000 after acquiring an additional 496,170 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of CAE by 5.4% in the fourth quarter. Fiera Capital Corp now owns 3,968,739 shares of the aerospace company’s stock worth $109,631,000 after acquiring an additional 201,887 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of CAE by 13.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,782,013 shares of the aerospace company’s stock worth $135,433,000 after acquiring an additional 443,813 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of CAE by 305.3% in the first quarter. Russell Investments Group Ltd. now owns 3,102,170 shares of the aerospace company’s stock worth $88,385,000 after acquiring an additional 2,336,765 shares during the last quarter. Institutional investors own 62.36% of the company’s stock.

Shares of CAE stock traded down $0.15 during midday trading on Friday, hitting $31.70. The company had a trading volume of 11,586 shares, compared to its average volume of 395,157. The stock has a 50 day simple moving average of $30.38. CAE has a 52-week low of $13.80 and a 52-week high of $32.00. The firm has a market capitalization of $9.30 billion, a PE ratio of -264.73, a price-to-earnings-growth ratio of 4.78 and a beta of 1.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.04 and a current ratio of 1.28.

About CAE

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Earnings History and Estimates for CAE (NYSE:CAE)

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