National Bank Financial Equities Analysts Cut Earnings Estimates for CAE Inc. (TSE:CAE)

CAE Inc. (TSE:CAE) (NYSE:CAE) – National Bank Financial cut their FY2024 earnings estimates for CAE in a research report issued on Monday, April 15th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $1.17 per share for the year, down from their prior forecast of $1.18. The consensus estimate for CAE’s current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for CAE’s Q4 2024 earnings at $0.42 EPS and FY2026 earnings at $1.58 EPS.

CAE has been the subject of a number of other reports. Scotiabank reduced their price objective on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating for the company in a research note on Thursday, February 15th. Desjardins reduced their price objective on shares of CAE from C$35.00 to C$30.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. TD Securities reduced their price objective on shares of CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Canaccord Genuity Group cut their target price on shares of CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Finally, CIBC cut their target price on shares of CAE from C$37.00 to C$32.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and an average target price of C$32.80.

CAE Stock Down 0.3 %

TSE CAE traded down C$0.09 during trading on Wednesday, reaching C$26.04. The company’s stock had a trading volume of 604,370 shares, compared to its average volume of 575,936. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 67.89. The stock has a market capitalization of C$8.29 billion, a PE ratio of 30.17, a PEG ratio of 1.76 and a beta of 1.91. The business has a 50-day moving average price of C$26.74 and a 200-day moving average price of C$27.96. CAE has a 1-year low of C$24.75 and a 1-year high of C$33.87.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Wednesday, February 14th. The company reported C$0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.24. The firm had revenue of C$1.09 billion during the quarter, compared to analysts’ expectations of C$1.09 billion. CAE had a net margin of 6.13% and a return on equity of 6.24%.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.