CAE Inc. (NYSE:CAE – Free Report) (TSE:CAE) – Equities research analysts at Desjardins lifted their Q4 2024 EPS estimates for CAE in a research report issued to clients and investors on Thursday, August 10th. Desjardins analyst B. Poirier now expects that the aerospace company will earn $0.30 per share for the quarter, up from their previous estimate of $0.28. The consensus estimate for CAE’s current full-year earnings is $0.88 per share.
A number of other equities research analysts also recently commented on CAE. The Goldman Sachs Group raised their price objective on shares of CAE from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday. TD Securities raised their price objective on shares of CAE from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday. Finally, StockNews.com initiated coverage on shares of CAE in a research report on Thursday, May 18th. They set a “buy” rating for the company.
CAE Price Performance
Shares of NYSE:CAE opened at $23.52 on Monday. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. The company has a market cap of $7.48 billion, a P/E ratio of 35.10, a PEG ratio of 1.96 and a beta of 1.69. CAE has a 52 week low of $15.23 and a 52 week high of $24.32. The company has a 50-day moving average price of $21.94 and a 200 day moving average price of $22.20.
CAE (NYSE:CAE – Get Free Report) (TSE:CAE) last announced its quarterly earnings data on Wednesday, May 31st. The aerospace company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $881.21 million. CAE had a net margin of 6.60% and a return on equity of 7.48%. The firm’s revenue was up 31.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share.
Institutional Investors Weigh In On CAE
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC increased its stake in shares of CAE by 698.4% during the 4th quarter. CWM LLC now owns 1,453 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 1,271 shares in the last quarter. Tsfg LLC purchased a new position in shares of CAE during the 2nd quarter worth approximately $31,000. Addison Advisors LLC acquired a new position in shares of CAE in the 4th quarter valued at $49,000. Gulf International Bank UK Ltd boosted its holdings in shares of CAE by 15.3% in the 4th quarter. Gulf International Bank UK Ltd now owns 3,398 shares of the aerospace company’s stock valued at $65,000 after purchasing an additional 450 shares during the last quarter. Finally, Natixis acquired a new position in shares of CAE in the 2nd quarter valued at $73,000. 60.54% of the stock is currently owned by institutional investors and hedge funds.
CAE Company Profile
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.
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