Q4 2024 EPS Estimates for CAE Inc. (NYSE:CAE) Decreased by Analyst

CAE Inc. (NYSE:CAE) (TSE:CAE) – Equities researchers at National Bank Financial decreased their Q4 2024 earnings estimates for CAE in a report released on Monday, April 15th. National Bank Financial analyst C. Doerksen now expects that the aerospace company will post earnings per share of $0.31 for the quarter, down from their previous forecast of $0.32. The consensus estimate for CAE’s current full-year earnings is $0.87 per share. National Bank Financial also issued estimates for CAE’s FY2026 earnings at $1.15 EPS.

A number of other research firms also recently weighed in on CAE. The Goldman Sachs Group raised their price target on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank downgraded shares of CAE from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, January 22nd. Finally, StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.75.

CAE Stock Down 0.0 %

Shares of NYSE:CAE opened at $18.92 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. CAE has a 52-week low of $18.26 and a 52-week high of $25.04. The company has a 50 day moving average of $19.70 and a two-hundred day moving average of $20.62. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. CAE had a net margin of 6.20% and a return on equity of 7.52%. The company had revenue of $804.01 million during the quarter, compared to the consensus estimate of $807.13 million.

Institutional Trading of CAE

A number of hedge funds have recently made changes to their positions in CAE. Clearbridge Investments LLC lifted its stake in CAE by 12.9% during the third quarter. Clearbridge Investments LLC now owns 4,717,835 shares of the aerospace company’s stock worth $110,161,000 after purchasing an additional 538,838 shares during the last quarter. Mackenzie Financial Corp lifted its stake in CAE by 6.7% during the fourth quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock worth $719,443,000 after purchasing an additional 2,083,595 shares during the last quarter. Pacifica Partners Inc. lifted its stake in CAE by 24.6% during the fourth quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock worth $81,000 after purchasing an additional 793 shares during the last quarter. Vanguard Group Inc. lifted its stake in CAE by 1.5% during the third quarter. Vanguard Group Inc. now owns 10,606,797 shares of the aerospace company’s stock worth $247,669,000 after purchasing an additional 152,778 shares during the last quarter. Finally, Phoenix Holdings Ltd. bought a new position in CAE during the third quarter worth $1,417,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

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.