$579.54 Million in Sales Expected for Cae Inc (CAE) This Quarter

Equities research analysts expect that Cae Inc (NYSE:CAE) (TSE:CAE) will post sales of $579.54 million for the current quarter, according to Zacks. Three analysts have issued estimates for CAE’s earnings, with the highest sales estimate coming in at $610.94 million and the lowest estimate coming in at $550.97 million. CAE reported sales of $511.46 million during the same quarter last year, which indicates a positive year over year growth rate of 13.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that CAE will report full-year sales of $579.54 million for the current financial year, with estimates ranging from $2.21 billion to $2.25 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.34 billion per share, with estimates ranging from $2.30 billion to $2.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for CAE.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Friday, November 10th. The aerospace company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). The company had revenue of $515.41 million for the quarter, compared to analysts’ expectations of $554.83 million. CAE had a return on equity of 13.09% and a net margin of 9.55%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of CAE from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. AltaCorp Capital reiterated a “hold” rating and set a $21.00 price objective on shares of CAE in a report on Sunday, November 12th. Finally, ValuEngine lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. CAE presently has a consensus rating of “Hold” and a consensus target price of $21.33.

CAE (NYSE CAE) opened at $18.64 on Monday. The firm has a market cap of $4,998.39, a PE ratio of 23.90, a PEG ratio of 2.22 and a beta of 0.86. CAE has a 1-year low of $14.04 and a 1-year high of $19.00. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 0.55.

Several hedge funds have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI increased its position in CAE by 52.7% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 48,401 shares of the aerospace company’s stock worth $898,000 after purchasing an additional 16,700 shares in the last quarter. Port Capital LLC acquired a new stake in CAE during the 4th quarter worth approximately $511,000. Eqis Capital Management Inc. increased its position in CAE by 34.1% during the 4th quarter. Eqis Capital Management Inc. now owns 95,475 shares of the aerospace company’s stock worth $1,772,000 after purchasing an additional 24,272 shares in the last quarter. Lenox Wealth Management Inc. increased its position in CAE by 24.9% during the 4th quarter. Lenox Wealth Management Inc. now owns 173,822 shares of the aerospace company’s stock worth $3,226,000 after purchasing an additional 34,687 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in CAE by 36.3% during the 4th quarter. Acadian Asset Management LLC now owns 79,180 shares of the aerospace company’s stock worth $1,474,000 after purchasing an additional 21,069 shares in the last quarter. Institutional investors and hedge funds own 51.93% of the company’s stock.

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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.

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Earnings History and Estimates for CAE (NYSE:CAE)

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