Analysts Issue Forecasts for CAE Inc.’s FY2024 Earnings (TSE:CAE)

CAE Inc. (TSE:CAE) (NYSE:CAE) – Equities researchers at National Bank Financial decreased their FY2024 EPS estimates for CAE in a report released on Monday, April 15th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $1.17 per share for the year, down from their prior estimate of $1.18. The consensus estimate for CAE’s current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for CAE’s Q4 2024 earnings at $0.42 EPS and FY2026 earnings at $1.58 EPS.

A number of other research firms have also recently commented on CAE. Scotiabank decreased their target price on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating for the company in a research report on Thursday, February 15th. National Bankshares decreased their target price on shares of CAE from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research report on Tuesday. CIBC decreased their target price on shares of CAE from C$37.00 to C$32.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Desjardins lowered their target price on shares of CAE from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Finally, Morgan Stanley boosted their price objective on CAE from C$35.00 to C$39.00 in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, CAE currently has an average rating of “Moderate Buy” and an average price target of C$32.80.

CAE Stock Performance

Shares of TSE:CAE opened at C$26.04 on Wednesday. The company has a market capitalization of C$8.29 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 67.89. CAE has a 52 week low of C$24.75 and a 52 week high of C$33.87. The firm has a 50 day moving average of C$26.71 and a 200 day moving average of C$27.95.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Wednesday, February 14th. The company reported C$0.24 EPS for the quarter, hitting analysts’ consensus estimates of C$0.24. The business had revenue of C$1.09 billion for the quarter, compared to the consensus estimate of C$1.09 billion. CAE had a net margin of 6.13% and a return on equity of 6.24%.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.