CAE (CAE) Set to Announce Quarterly Earnings on Tuesday

CAE (NYSE:CAE) (TSE:CAE) will announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. CAE’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts expect CAE to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CAE Price Performance

Shares of CAE stock traded up $0.68 during trading hours on Tuesday, hitting $18.73. The company’s stock had a trading volume of 276,785 shares, compared to its average volume of 585,624. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89. CAE has a 12-month low of $15.95 and a 12-month high of $23.24. The business has a 50 day moving average price of $18.23 and a two-hundred day moving average price of $18.52. The company has a market cap of $5.97 billion, a PE ratio of -23.75, a PEG ratio of 1.33 and a beta of 1.67.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.00.

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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.