CAE Inc. Forecasted to Post Q4 2024 Earnings of $0.31 Per Share (NYSE:CAE)

CAE Inc. (NYSE:CAE) (TSE:CAE) – Equities researchers at National Bank Financial dropped their Q4 2024 earnings per share estimates for CAE in a research note issued on Monday, April 15th. National Bank Financial analyst C. Doerksen now forecasts that the aerospace company will post earnings per share of $0.31 for the quarter, down from their previous estimate of $0.32. The consensus estimate for CAE’s current full-year earnings is $0.87 per share. National Bank Financial also issued estimates for CAE’s FY2026 earnings at $1.15 EPS.

Several other research analysts have also commented on the company. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group lifted their target price on CAE from $25.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Scotiabank lowered CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.75.

CAE Stock Performance

CAE stock remained flat at $18.92 during midday trading on Wednesday. The company’s stock had a trading volume of 1,005,843 shares, compared to its average volume of 556,064. CAE has a one year low of $18.26 and a one year high of $25.04. The company’s fifty day simple moving average is $19.73 and its 200-day simple moving average is $20.63. The stock has a market capitalization of $6.02 billion, a PE ratio of 29.56, a PEG ratio of 1.42 and a beta of 1.59. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.68.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $804.01 million during the quarter, compared to analysts’ expectations of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%.

Hedge Funds Weigh In On CAE

Several institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. increased its position in CAE by 45.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 500 shares during the period. DekaBank Deutsche Girozentrale increased its position in CAE by 1.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 30,831 shares of the aerospace company’s stock valued at $718,000 after acquiring an additional 560 shares during the period. PNC Financial Services Group Inc. increased its position in CAE by 11.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,654 shares of the aerospace company’s stock valued at $127,000 after acquiring an additional 598 shares during the period. Massmutual Trust Co. FSB ADV increased its position in CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 707 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in CAE by 3.0% in the 4th quarter. Alliancebernstein L.P. now owns 24,532 shares of the aerospace company’s stock valued at $474,000 after purchasing an additional 721 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

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.