CAE (NYSE:CAE – Get Free Report) (TSE:CAE) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.870-0.870 for the period, compared to the consensus estimate of 0.860. The company issued revenue guidance of $4.3 billion-$4.3 billion, compared to the consensus revenue estimate of $3.3 billion. CAE also updated its Q4 2024 guidance to 0.120-0.120 EPS.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CAE. Canaccord Genuity Group cut CAE from a buy rating to a hold rating in a research note on Wednesday. StockNews.com lowered CAE from a buy rating to a hold rating in a research report on Wednesday. The Goldman Sachs Group raised their target price on CAE from $25.00 to $29.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Canaccord Genuity Group reaffirmed a hold rating on shares of CAE in a research report on Wednesday. Finally, Desjardins lowered CAE from a buy rating to a hold rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $34.75.
Read Our Latest Analysis on CAE
CAE Stock Performance
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.
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