$745.31 Million in Sales Expected for CAE Inc. (NYSE:CAE) This Quarter

Equities research analysts expect that CAE Inc. (NYSE:CAEGet Rating) (TSE:CAE) will post $745.31 million in sales for the current fiscal quarter, Zacks reports. Eight 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 posted sales of $706.22 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The company is expected to announce its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that CAE will report full year sales of $2.64 billion for the current financial year, with estimates ranging from $2.61 billion to $2.69 billion. For the next year, analysts expect that the business will report sales of $3.19 billion, with estimates ranging from $3.05 billion to $3.36 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for CAE.

CAE has been the subject of a number of research reports. StockNews.com initiated coverage on CAE in a research report on Thursday, March 31st. They set a “hold” rating for the company. TD Securities upgraded CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 15th. National Bank Financial decreased their price target on CAE from C$45.00 to C$44.00 in a report on Monday, February 14th. Desjardins decreased their price target on CAE from C$38.00 to C$37.00 in a report on Tuesday, February 15th. Finally, Zacks Investment Research upgraded CAE from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.86.

NYSE CAE opened at $23.17 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.89 and a current ratio of 1.18. The company has a market capitalization of $7.35 billion, a P/E ratio of 82.75, a P/E/G ratio of 3.18 and a beta of 1.58. CAE has a one year low of $20.96 and a one year high of $34.19. The stock has a 50 day moving average price of $25.12 and a 200-day moving average price of $25.76.

A number of hedge funds have recently added to or reduced their stakes in CAE. UMB Bank N A MO bought a new position in shares of CAE during the 4th quarter worth $25,000. Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of CAE by 53.9% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,239 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 434 shares during the period. Addison Advisors LLC acquired a new stake in shares of CAE in the first quarter worth $35,000. Signaturefd LLC increased its stake in shares of CAE by 25.1% in the fourth quarter. Signaturefd LLC now owns 3,296 shares of the aerospace company’s stock worth $83,000 after acquiring an additional 661 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of CAE by 40.9% in the first quarter. Quadrant Capital Group LLC now owns 3,387 shares of the aerospace company’s stock worth $89,000 after acquiring an additional 983 shares during the period. Institutional investors and hedge funds own 58.19% 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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