National Bank Financial Reduces Earnings Estimates for CAE

CAE Inc. (NYSE:CAE - Free Report) TSE: CAE - National Bank Financial lowered their FY2026 earnings per share estimates for shares of CAE in a research report issued on Wednesday, May 14th. National Bank Financial analyst C. Doerksen now forecasts that the aerospace company will earn $0.93 per share for the year, down from their prior estimate of $1.01. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for CAE's current full-year earnings is $0.83 per share. National Bank Financial also issued estimates for CAE's FY2027 earnings at $1.14 EPS.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The business had revenue of $886.20 million during the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the prior year, the firm posted $0.37 EPS. CAE's quarterly revenue was up 13.2% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada cut CAE from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $41.00 to $38.00 in a report on Wednesday. Wall Street Zen upgraded CAE from a "buy" rating to a "strong-buy" rating in a research report on Monday, May 19th. BMO Capital Markets reiterated an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. Scotiabank upgraded CAE from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday, May 15th. Finally, CIBC restated a "neutral" rating on shares of CAE in a research report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $32.33.

CAE Price Performance

Shares of CAE traded up $0.12 during mid-day trading on Monday, reaching $25.03. The company had a trading volume of 366,952 shares, compared to its average volume of 563,002. CAE has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The company's 50-day moving average is $24.33 and its 200-day moving average is $23.97. The company has a market capitalization of $8.02 billion, a P/E ratio of -48.13, a P/E/G ratio of 1.94 and a beta of 1.26.

Institutional Investors Weigh In On CAE

Several institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC boosted its stake in shares of CAE by 108.8% in the first quarter. Intech Investment Management LLC now owns 180,771 shares of the aerospace company's stock valued at $4,444,000 after buying an additional 94,200 shares during the period. Plato Investment Management Ltd lifted its stake in CAE by 13.5% during the first quarter. Plato Investment Management Ltd now owns 37,746 shares of the aerospace company's stock worth $938,000 after purchasing an additional 4,502 shares during the last quarter. United Services Automobile Association lifted its stake in CAE by 4.5% during the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock worth $265,000 after purchasing an additional 462 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in CAE by 142.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company's stock worth $42,036,000 after purchasing an additional 1,004,820 shares during the last quarter. Finally, Select Equity Group L.P. lifted its stake in CAE by 16.7% during the first quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company's stock worth $193,314,000 after purchasing an additional 1,122,470 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors.

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.