CAE Inc (NYSE:CAE) (TSE:CAE) posted its earnings results on Thursday. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01, Morningstar.com reports. CAE had a net margin of 9.30% and a return on equity of 13.96%. The firm had revenue of $699 million during the quarter, compared to the consensus estimate of $699.76 million. During the same quarter last year, the firm posted $0.26 EPS. The business’s revenue was up 7.3% on a year-over-year basis.
Shares of CAE (NYSE:CAE) opened at 16.55 on Friday. CAE has a one year low of $13.57 and a one year high of $17.88. The company has a 50 day moving average of $17.21 and a 200-day moving average of $15.81. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 22.36 and a beta of 0.86.
A number of analysts recently weighed in on CAE shares. BidaskClub raised shares of CAE from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Tuesday, August 1st. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. CAE currently has an average rating of “Hold” and an average target price of $19.14.
Institutional investors have recently made changes to their positions in the stock. Legato Capital Management LLC boosted its position in shares of CAE by 1,423.6% in the first quarter. Legato Capital Management LLC now owns 7,675,571 shares of the aerospace company’s stock valued at $503,766,000 after buying an additional 7,171,805 shares during the period. Mackenzie Financial Corp boosted its position in shares of CAE by 17.7% in the first quarter. Mackenzie Financial Corp now owns 7,332,489 shares of the aerospace company’s stock valued at $112,114,000 after buying an additional 1,105,110 shares during the period. TD Asset Management Inc. boosted its position in shares of CAE by 6.0% in the second quarter. TD Asset Management Inc. now owns 6,597,892 shares of the aerospace company’s stock valued at $113,597,000 after buying an additional 376,314 shares during the period. Vanguard Group Inc. boosted its position in shares of CAE by 7.0% in the first quarter. Vanguard Group Inc. now owns 5,634,957 shares of the aerospace company’s stock valued at $86,159,000 after buying an additional 367,181 shares during the period. Finally, USS Investment Management Ltd boosted its position in shares of CAE by 0.7% in the first quarter. USS Investment Management Ltd now owns 4,162,928 shares of the aerospace company’s stock valued at $63,670,000 after buying an additional 28,800 shares during the period. Hedge funds and other institutional investors own 56.69% of the company’s stock.
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
Receive News & Ratings for CAE Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE Inc and related companies with MarketBeat.com's FREE daily email newsletter.