Equities research analysts expect that Cae Inc (NYSE:CAE) (TSE:CAE) will post sales of $621.60 million for the current quarter, Zacks reports. Two analysts have provided estimates for CAE’s earnings, with the highest sales estimate coming in at $623.82 million and the lowest estimate coming in at $619.38 million. CAE reported sales of $559.54 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.1%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, August 14th.

On average, analysts expect that CAE will report full year sales of $2.74 billion for the current year, with estimates ranging from $2.73 billion to $2.75 billion. For the next fiscal year, analysts expect that the company will report sales of $2.93 billion, with estimates ranging from $2.90 billion to $2.97 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for CAE.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Friday, May 17th. The aerospace company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $945.05 million. CAE had a net margin of 9.98% and a return on equity of 14.22%. The business’s revenue was up 41.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS.

Several research firms have recently issued reports on CAE. Zacks Investment Research downgraded CAE from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. BMO Capital Markets downgraded CAE from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 21st. Desjardins downgraded CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a research note on Friday, April 26th. Finally, CIBC reaffirmed a “hold” rating and set a $37.00 price target on shares of CAE in a research note on Wednesday, May 22nd. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. CAE has an average rating of “Hold” and an average price target of $32.50.

A number of hedge funds have recently made changes to their positions in the stock. Northern Trust Corp raised its stake in CAE by 0.4% in the 2nd quarter. Northern Trust Corp now owns 143,758 shares of the aerospace company’s stock valued at $3,861,000 after purchasing an additional 594 shares during the last quarter. BB&T Securities LLC raised its stake in CAE by 5.7% in the 2nd quarter. BB&T Securities LLC now owns 12,822 shares of the aerospace company’s stock valued at $344,000 after purchasing an additional 695 shares during the last quarter. First Bank & Trust raised its stake in CAE by 22.2% in the 2nd quarter. First Bank & Trust now owns 6,776 shares of the aerospace company’s stock valued at $182,000 after purchasing an additional 1,229 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in CAE in the 1st quarter valued at about $28,000. Finally, Wetherby Asset Management Inc. raised its stake in CAE by 9.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 14,355 shares of the aerospace company’s stock valued at $386,000 after purchasing an additional 1,280 shares during the last quarter. 46.24% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CAE traded up $0.15 during trading on Thursday, hitting $27.07. 205,866 shares of the company were exchanged, compared to its average volume of 174,269. The stock has a market cap of $7.22 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 2.60 and a beta of 0.78. CAE has a 1 year low of $16.96 and a 1 year high of $28.03. The stock has a fifty day moving average price of $27.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.83 and a current ratio of 1.12.

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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