CAE (NYSE:CAE) (TSE:CAE) issued its earnings results on Friday. The aerospace company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22, Morningstar.com reports. The business had revenue of $704.40 million during the quarter, compared to analyst estimates of $729.98 million. CAE had a return on equity of 13.09% and a net margin of 9.55%. CAE’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share.

CAE (NYSE CAE) opened at $17.43 on Friday. CAE has a 12 month low of $14.24 and a 12 month high of $19.00. The company has a market capitalization of $4,673.92, a price-to-earnings ratio of 19.15, a P/E/G ratio of 2.08 and a beta of 0.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.69 and a quick ratio of 1.34.

A number of research analysts recently commented on CAE shares. Zacks Investment Research lowered CAE from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine lowered CAE from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, AltaCorp Capital restated a “hold” rating and issued a $21.00 target price on shares of CAE in a research note on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. CAE presently has an average rating of “Hold” and a consensus price target of $21.33.

CAE declared that its Board of Directors has approved a share repurchase plan on Friday, February 9th that permits the company to repurchase 5,350,000 shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

A number of large investors have recently made changes to their positions in CAE. Alliancebernstein L.P. grew its position in CAE by 13.1% in the second quarter. Alliancebernstein L.P. now owns 22,113 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 2,568 shares during the period. Vanguard Group Inc. grew its position in CAE by 4.7% in the second quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock valued at $101,740,000 after acquiring an additional 266,410 shares during the period. Advisor Group Inc. grew its position in CAE by 89.8% in the second quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after acquiring an additional 3,354 shares during the period. Parametric Portfolio Associates LLC grew its position in CAE by 23.4% in the second quarter. Parametric Portfolio Associates LLC now owns 352,698 shares of the aerospace company’s stock valued at $6,081,000 after acquiring an additional 66,960 shares during the period. Finally, Citadel Advisors LLC bought a new stake in CAE in the second quarter valued at $248,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

TRADEMARK VIOLATION WARNING: “CAE (CAE) Releases Earnings Results, Meets Estimates” was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://theolympiareport.com/2018/02/11/cae-cae-releases-earnings-results-meets-estimates.html.

About CAE

CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.

Earnings History for CAE (NYSE:CAE)

Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.