CAE Inc. (TSE:CAE) to Post FY2024 Earnings of $0.88 Per Share, Scotiabank Forecasts

CAE Inc. (TSE:CAEFree Report) (NYSE:CAE) – Investment analysts at Scotiabank cut their FY2024 earnings per share estimates for CAE in a research note issued on Wednesday, May 22nd. Scotiabank analyst K. Gupta now anticipates that the company will post earnings per share of $0.88 for the year, down from their previous estimate of $1.18. Scotiabank has a “Sector Perform” rating and a $30.00 price target on the stock. The consensus estimate for CAE’s current full-year earnings is $1.29 per share. Scotiabank also issued estimates for CAE’s Q4 2024 earnings at $0.12 EPS, Q3 2025 earnings at $0.33 EPS and Q3 2026 earnings at $0.38 EPS.

A number of other brokerages also recently weighed in on CAE. Canaccord Genuity Group downgraded shares of CAE from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$34.00 to C$30.00 in a research report on Wednesday, May 22nd. TD Securities reduced their target price on CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Desjardins downgraded CAE from a “buy” rating to a “hold” rating and set a C$30.00 target price on the stock. in a research report on Tuesday, May 21st. CIBC decreased their price objective on CAE from C$32.00 to C$29.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Finally, National Bankshares dropped their target price on shares of CAE from C$32.00 to C$31.00 and set an “outperform” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$31.70.

Get Our Latest Stock Analysis on CAE

CAE Stock Performance

CAE opened at C$25.47 on Monday. The firm has a fifty day moving average price of C$27.14 and a 200 day moving average price of C$27.40. CAE has a 1 year low of C$23.74 and a 1 year high of C$33.87. The stock has a market cap of C$8.11 billion, a P/E ratio of -24.97, a P/E/G ratio of 1.76 and a beta of 1.92. The company has a debt-to-equity ratio of 67.89, a current ratio of 0.90 and a quick ratio of 0.71.

CAE Company Profile

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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.

Further Reading

Earnings History and Estimates for CAE (TSE:CAE)

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