CAE Inc. (NYSE:CAE) Forecasted to Post Q4 2024 Earnings of $0.31 Per Share

CAE Inc. (NYSE:CAE - Free Report) TSE: CAE - Equities researchers at National Bank Financial dropped their Q4 2024 earnings per share estimates for CAE in a report released on Monday, April 15th. National Bank Financial analyst C. Doerksen now forecasts that the aerospace company will post earnings of $0.31 per share for the quarter, down from their previous estimate of $0.32. The consensus estimate for CAE's current full-year earnings is $0.87 per share. National Bank Financial also issued estimates for CAE's FY2026 earnings at $1.15 EPS.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $804.01 million during the quarter, compared to the consensus estimate of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%.

A number of other research firms also recently weighed in on CAE. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research report on Tuesday, February 20th. The Goldman Sachs Group upped their target price on CAE from $25.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Scotiabank downgraded CAE from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.75.

CAE Price Performance

CAE traded down $0.01 during trading on Wednesday, reaching $18.92. The stock had a trading volume of 1,028,618 shares, compared to its average volume of 556,372. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. CAE has a 1-year low of $18.26 and a 1-year high of $25.04. The stock has a 50 day moving average of $19.70 and a two-hundred day moving average of $20.62.

Institutional Investors Weigh In On CAE

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV raised its stake in CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 707 shares during the period. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in CAE during the 3rd quarter valued at $29,000. Hillsdale Investment Management Inc. increased its stake in shares of CAE by 45.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company's stock worth $35,000 after acquiring an additional 500 shares during the last quarter. Allworth Financial LP increased its stake in shares of CAE by 678.3% in the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company's stock worth $36,000 after acquiring an additional 1,343 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of CAE by 85.5% in the third quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company's stock worth $47,000 after acquiring an additional 935 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.