CAE (NYSE:CAE) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

CAE (NYSE:CAEGet Rating) (TSE:CAE) posted its quarterly earnings data on Tuesday. The aerospace company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06, Briefing.com reports. CAE had a return on equity of 6.49% and a net margin of 3.23%. The company had revenue of $955.00 million during the quarter, compared to analysts’ expectations of $952.02 million. During the same period in the prior year, the business earned $0.18 earnings per share. CAE’s revenue for the quarter was up 6.8% compared to the same quarter last year.

Shares of CAE stock opened at $24.97 on Wednesday. The company has a market capitalization of $7.92 billion, a P/E ratio of 89.18, a P/E/G ratio of 3.41 and a beta of 1.58. CAE has a 12-month low of $20.96 and a 12-month high of $34.19. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $24.91 and a 200 day moving average price of $25.20.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley grew its position in CAE by 33.3% during the 2nd quarter. Morgan Stanley now owns 565,727 shares of the aerospace company’s stock worth $17,424,000 after acquiring an additional 141,467 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of CAE by 17.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 3,524 shares of the aerospace company’s stock valued at $89,000 after buying an additional 524 shares during the last quarter. Geode Capital Management LLC lifted its position in CAE by 14.4% during the 4th quarter. Geode Capital Management LLC now owns 848,292 shares of the aerospace company’s stock worth $21,242,000 after buying an additional 106,558 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in CAE by 33.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 216,847 shares of the aerospace company’s stock worth $5,473,000 after acquiring an additional 54,097 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in CAE by 4.9% in the 4th quarter. Alliancebernstein L.P. now owns 24,338 shares of the aerospace company’s stock worth $614,000 after purchasing an additional 1,129 shares during the last quarter. 58.19% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 15th. Zacks Investment Research raised CAE from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Desjardins cut their target price on CAE from C$38.00 to C$37.00 in a research note on Tuesday, February 15th. StockNews.com initiated coverage on shares of CAE in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, National Bank Financial dropped their price objective on shares of CAE from C$45.00 to C$44.00 in a research note on Monday, February 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.00.

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 for CAE (NYSE:CAE)

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