National Bank Financial Equities Analysts Cut Earnings Estimates for CAE Inc. (TSE:CAE)

CAE Inc. (TSE:CAE - Free Report) NYSE: CAE - Investment analysts at National Bank Financial decreased their FY2024 EPS estimates for CAE in a research note issued to investors on Monday, April 15th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $1.17 for the year, down from their previous estimate of $1.18. The consensus estimate for CAE's current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for CAE's Q4 2024 earnings at $0.42 EPS and FY2026 earnings at $1.58 EPS.

Other equities research analysts also recently issued research reports about the stock. National Bankshares cut their price objective on shares of CAE from C$34.00 to C$32.00 and set an "outperform" rating for the company in a research report on Tuesday. Morgan Stanley lifted their target price on shares of CAE from C$35.00 to C$39.00 in a research note on Wednesday, December 20th. Canaccord Genuity Group lowered their target price on shares of CAE from C$36.00 to C$34.00 and set a "buy" rating on the stock in a research note on Thursday, February 15th. CIBC lowered their target price on shares of CAE from C$37.00 to C$32.00 and set an "outperform" rating on the stock in a research note on Thursday, February 15th. Finally, TD Securities decreased their price target on shares of CAE from C$36.00 to C$34.00 and set a "buy" rating on the stock in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$32.80.

CAE Stock Performance

TSE:CAE traded down C$0.09 during trading hours on Wednesday, reaching C$26.04. The company had a trading volume of 557,053 shares, compared to its average volume of 575,936. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 67.89. CAE has a 52 week low of C$24.75 and a 52 week high of C$33.87. The firm has a market cap of C$8.29 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.76 and a beta of 1.91. The firm's 50 day moving average price is C$26.71 and its 200-day moving average price is C$27.95.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$0.24 earnings per share for the quarter, meeting the consensus estimate of C$0.24. The company had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.09 billion. CAE had a net margin of 6.13% and a return on equity of 6.24%.

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.