CAE (CAE) Scheduled to Post Quarterly Earnings on Tuesday

CAE (TSE:CAE) (NYSE:CAE) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of C$0.18 per share for the quarter.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share for the quarter, topping the consensus estimate of C$0.20 by C$0.01. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. The business had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.05 billion.

CAE Trading Up 0.4 %

Shares of TSE:CAE opened at C$26.24 on Friday. The firm has a market capitalization of C$8.36 billion, a price-to-earnings ratio of -24.52, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The business’s 50 day moving average price is C$24.97 and its 200-day moving average price is C$25.37. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. CAE has a 1 year low of C$22.28 and a 1 year high of C$31.90.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CAE. Desjardins dropped their target price on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. BMO Capital Markets reduced their target price on CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. Scotiabank lifted their price target on CAE from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Finally, Canaccord Genuity Group dropped their price target on CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, CAE has an average rating of “Hold” and an average target price of C$30.60.

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.