Q4 2024 EPS Estimates for CAE Inc. (NYSE:CAE) Decreased by Analyst

CAE Inc. (NYSE:CAE) (TSE:CAE) – Equities researchers at National Bank Financial decreased their Q4 2024 EPS estimates for shares of CAE in a research report issued to clients and investors on Monday, April 15th. National Bank Financial analyst C. Doerksen now anticipates 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.

Several other research analysts have also commented on the stock. The Goldman Sachs Group boosted their price objective on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday. Scotiabank downgraded shares of CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. Finally, StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.75.

CAE Trading Down 0.0 %

NYSE CAE opened at $18.92 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. The firm has a market cap of $6.02 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The company has a 50 day moving average price of $19.70 and a 200 day moving average price of $20.62. CAE has a 52 week low of $18.26 and a 52 week high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Wednesday, February 14th. The aerospace company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. CAE had a net margin of 6.20% and a return on equity of 7.52%. The business had revenue of $804.01 million during the quarter, compared to analyst estimates of $807.13 million.

Institutional Trading of CAE

A number of hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its holdings in CAE by 6.7% during the fourth quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock worth $719,443,000 after buying an additional 2,083,595 shares in the last quarter. JARISLOWSKY FRASER Ltd raised its position in CAE by 28.5% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 17,334,635 shares of the aerospace company’s stock worth $375,982,000 after acquiring an additional 3,843,611 shares during the period. Vanguard Group Inc. raised its position in CAE by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 10,705,484 shares of the aerospace company’s stock worth $231,131,000 after acquiring an additional 98,687 shares during the period. Royal Bank of Canada raised its position in CAE by 1.3% during the second quarter. Royal Bank of Canada now owns 10,034,952 shares of the aerospace company’s stock worth $224,583,000 after acquiring an additional 128,457 shares during the period. Finally, FMR LLC raised its position in CAE by 2.6% during the third quarter. FMR LLC now owns 9,004,271 shares of the aerospace company’s stock worth $210,216,000 after acquiring an additional 230,912 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

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.