CAE (CAE) Releases Earnings Results, Meets Estimates
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.
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.
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.
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.