CAE (NYSE:CAE) Posts Earnings Results, Beats Expectations By $0.01 EPS

CAE (NYSE:CAE) (TSE:CAE) released its quarterly earnings results on Thursday. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01, Zacks reports. CAE had a positive return on equity of 5.79% and a negative net margin of 7.49%.

CAE Trading Down 0.1 %

CAE traded down $0.03 during trading on Thursday, reaching $23.53. 830,675 shares of the stock traded hands, compared to its average volume of 469,746. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average is $23.98 and its 200 day moving average is $20.65. CAE has a 12 month low of $15.95 and a 12 month high of $25.53. The stock has a market capitalization of $7.52 billion, a PE ratio of -30.55, a P/E/G ratio of 1.79 and a beta of 1.72.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CAE. StockNews.com downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Finally, TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CAE presently has an average rating of “Hold” and a consensus target price of $25.00.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.