CAE Inc. (NYSE:CAE – Free Report) (TSE:CAE) – Equities researchers at National Bank Financial dropped their FY2024 earnings per share estimates for CAE in a research report issued to clients and investors on Monday, April 15th. National Bank Financial analyst C. Doerksen now forecasts that the aerospace company will earn $0.85 per share for the year, down from their prior estimate of $0.88. The consensus estimate for CAE’s current full-year earnings is $0.87 per share.
CAE (NYSE:CAE – Get Free Report) (TSE:CAE) last posted its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $804.01 million during the quarter, compared to analyst estimates of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%.
View Our Latest Research Report on CAE
CAE Price Performance
NYSE:CAE opened at $18.63 on Thursday. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.42 and a beta of 1.59. CAE has a 1 year low of $18.26 and a 1 year high of $25.04. The business has a 50 day simple moving average of $19.61 and a 200-day simple moving average of $20.58. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.68.
Institutional Investors Weigh In On CAE
Hedge funds and other institutional investors have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV raised its holdings in shares of CAE by 142.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after buying an additional 707 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in CAE during the 3rd quarter worth $29,000. Allworth Financial LP increased its holdings in CAE by 678.3% during the 3rd quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,343 shares during the period. Hillsdale Investment Management Inc. increased its holdings in CAE by 45.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 500 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in CAE by 85.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 935 shares during the period. 67.36% of the stock is currently owned by hedge funds and other institutional investors.
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.
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