Brokers Set Expectations for CAE Inc.’s FY2023 Earnings (TSE:CAE)

CAE Inc. (TSE:CAEGet Rating) (NYSE:CAE) – Research analysts at Scotiabank cut their FY2023 earnings per share (EPS) estimates for shares of CAE in a research report issued to clients and investors on Monday, April 18th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings of $1.16 per share for the year, down from their prior estimate of $1.22. Scotiabank also issued estimates for CAE’s FY2024 earnings at $1.54 EPS and FY2025 earnings at $1.64 EPS.

A number of other analysts also recently issued reports on the stock. National Bankshares cut their price target on shares of CAE from C$45.00 to C$44.00 and set an “outperform” rating for the company in a report on Monday, February 14th. TD Securities upgraded shares of CAE from a “hold” rating to a “buy” rating and raised their price target for the stock from C$38.00 to C$39.00 in a report on Tuesday, February 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$40.00.

CAE stock opened at C$34.42 on Wednesday. The company has a market cap of C$10.91 billion and a price-to-earnings ratio of 98.06. The company has a current ratio of 1.18, a quick ratio of 0.84 and a debt-to-equity ratio of 69.10. CAE has a 12 month low of C$29.05 and a 12 month high of C$42.43. The firm has a 50-day moving average of C$32.50 and a two-hundred day moving average of C$33.52.

CAE (TSE:CAEGet Rating) (NYSE:CAE) last issued its quarterly earnings results on Friday, February 11th. The company reported C$0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of C$0.19. The company had revenue of C$848.70 million during the quarter, compared to analysts’ expectations of C$917.23 million.

CAE Company Profile (Get Rating)

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment and training solutions to defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers worldwide.

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Earnings History and Estimates for CAE (TSE:CAE)

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