CAE (NYSE:CAE) Announces Earnings Results

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

CAE Stock Performance

Shares of CAE opened at $23.53 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. CAE has a 12-month low of $15.95 and a 12-month high of $25.53. The stock’s fifty day simple moving average is $23.98 and its 200-day simple moving average is $20.67.

Wall Street Analyst Weigh In

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

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, 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.