CAE Inc. (NYSE:CAE) Expected to Announce Quarterly Sales of $744.53 Million

Equities analysts expect CAE Inc. (NYSE:CAEGet Rating) (TSE:CAE) to announce $744.53 million in sales for the current quarter, Zacks reports. Ten analysts have made estimates for CAE’s earnings, with the highest sales estimate coming in at $791.50 million and the lowest estimate coming in at $696.78 million. CAE reported sales of $706.22 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.4%. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that CAE will report full-year sales of $2.65 billion for the current financial year, with estimates ranging from $2.61 billion to $2.70 billion. For the next year, analysts expect that the firm will report sales of $3.18 billion, with estimates ranging from $3.10 billion to $3.36 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow CAE.

CAE (NYSE:CAEGet Rating) (TSE:CAE) last released its quarterly earnings results on Friday, February 11th. The aerospace company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. CAE had a net margin of 3.23% and a return on equity of 6.49%. The business had revenue of $848.70 million during the quarter, compared to analyst estimates of $921.72 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis.

Several research firms recently issued reports on CAE. Scotiabank reduced their price objective on shares of CAE from C$44.00 to C$43.00 in a research note on Monday, April 18th. Desjardins decreased their price objective on shares of CAE from C$38.00 to C$37.00 in a research note on Tuesday, February 15th. Zacks Investment Research upgraded CAE from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. TD Securities upgraded CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 15th. Finally, National Bank Financial decreased their target price on CAE from C$45.00 to C$44.00 in a research note on Monday, February 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, CAE presently has an average rating of “Hold” and an average price target of $40.86.

CAE stock opened at $25.80 on Thursday. The company’s fifty day simple moving average is $25.75 and its 200-day simple moving average is $26.47. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.64. CAE has a 12 month low of $22.60 and a 12 month high of $34.19. The stock has a market cap of $8.18 billion, a P/E ratio of 92.14, a P/E/G ratio of 3.54 and a beta of 1.63.

Hedge funds have recently made changes to their positions in the stock. UMB Bank N A MO bought a new stake in shares of CAE in the 4th quarter valued at about $25,000. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in CAE by 53.9% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,239 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 434 shares during the last quarter. Signaturefd LLC boosted its stake in shares of CAE by 25.1% in the 4th quarter. Signaturefd LLC now owns 3,296 shares of the aerospace company’s stock worth $83,000 after buying an additional 661 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of CAE by 17.5% in the 4th quarter. BNP Paribas Arbitrage SA now owns 3,524 shares of the aerospace company’s stock worth $89,000 after buying an additional 524 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in CAE by 4,196.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,234 shares of the aerospace company’s stock worth $93,000 after acquiring an additional 2,182 shares in the last quarter. Institutional investors own 56.85% of the company’s stock.

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 (NYSE:CAE)

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