CAE (TSE:CAE) Issues Earnings Results

CAE (TSE:CAE) (NYSE:CAE) posted its quarterly earnings data on Thursday. The company reported C$0.42 earnings per share (EPS) for the quarter, FiscalAI reports. CAE had a net margin of 7.73% and a return on equity of 7.50%. The business had revenue of C$1.33 billion during the quarter.

CAE Stock Performance

TSE:CAE traded up C$0.33 on Thursday, reaching C$37.06. 623,827 shares of the company’s stock were exchanged, compared to its average volume of 898,555. The company has a debt-to-equity ratio of 62.81, a current ratio of 0.91 and a quick ratio of 0.71. The firm has a market cap of C$11.93 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 1.76 and a beta of 0.71. CAE has a 52 week low of C$34.08 and a 52 week high of C$47.65. The stock has a fifty day simple moving average of C$36.55 and a 200-day simple moving average of C$39.53.

Analyst Ratings Changes

A number of analysts recently issued reports on CAE shares. Canaccord Genuity Group raised their price objective on shares of CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. National Bank Financial raised their price objective on shares of CAE from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Scotiabank raised their price objective on shares of CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. TD Securities decreased their price objective on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. Finally, Desjardins decreased their price objective on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$51.00.

CAE Company Profile

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.