CAE (CAE) Posts Quarterly Earnings, Hits Estimates
CAE (NYSE:CAE) posted its quarterly earnings results on Tuesday. The company reported $0.18 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.18, Analyst Ratings.Net reports. The company had revenue of $513.60 million for the quarter, compared to the consensus estimate of $533.16 million. During the same quarter last year, the company posted $0.18 earnings per share. CAE’s revenue was up 2.5% compared to the same quarter last year.
Shares of CAE (NYSE:CAE) opened at 12.58 on Tuesday. CAE has a 52 week low of $9.60 and a 52 week high of $13.65. The stock’s 50-day moving average is $12.7 and its 200-day moving average is $11.58. The company has a market cap of $3.289 billion and a P/E ratio of 19.32.
CAE has been the subject of a number of recent research reports. Analysts at Raymond James raised their price target on shares of CAE from C$14.00 to C$16.00 in a research note on Monday, January 27th. They now have an “outperform” rating on the stock. On a related note, analysts at RBC Capital raised their price target on shares of CAE from $14.00 to $16.00 in a research note on Monday, January 27th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. They now have a $15.50 price target on the stock, up previously from $13.50. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CAE presently has a consensus rating of “Hold” and an average target price of $13.78.
CAE Inc (NYSE:CAE) provides simulation and modeling technologies and integrated training services primarily to the civil aviation industry and defence forces worldwide.
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