CAE (NYSE:CAE) Posts Earnings Results, Beats Expectations By $0.01 EPS

CAE (NYSE:CAE) (TSE:CAE) issued its quarterly earnings results on Thursday. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01, Zacks reports. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%.

CAE Stock Performance

NYSE:CAE traded down $0.03 during mid-day trading on Thursday, hitting $23.53. The stock had a trading volume of 830,775 shares, compared to its average volume of 469,746. CAE has a 52 week low of $15.95 and a 52 week high of $25.53. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of -30.55, a P/E/G ratio of 1.79 and a beta of 1.72. The company has a 50 day simple moving average of $23.98 and a 200-day simple moving average of $20.65.

Analysts Set New Price Targets

Several brokerages recently weighed in on CAE. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.00.

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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.