CAE (CAE) Scheduled to Post Earnings on Tuesday

CAE (TSE:CAE) (NYSE:CAE) is set to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect CAE to post earnings of C$0.18 per share for the quarter.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.05 billion.

CAE Stock Up 0.4 %

Shares of TSE CAE opened at C$26.24 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The business has a 50-day moving average of C$24.97 and a 200-day moving average of C$25.37. The firm has a market capitalization of C$8.36 billion, a price-to-earnings ratio of -24.52, a PEG ratio of 1.76 and a beta of 1.91. CAE has a 12 month low of C$22.28 and a 12 month high of C$31.90.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Scotiabank increased their price target on shares of CAE from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. BMO Capital Markets dropped their price target on CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. Canaccord Genuity Group reduced their price objective on CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Finally, National Bankshares dropped their target price on CAE from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. One investment 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. Based on data from MarketBeat.com, CAE currently has a consensus rating of “Hold” and a consensus price target 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.