CAE Inc. (TSE:CAE) Forecasted to Earn FY2024 Earnings of $1.17 Per Share

CAE Inc. (TSE:CAE) (NYSE:CAE) – Research analysts at National Bank Financial lowered their FY2024 earnings estimates for shares of CAE in a report released on Monday, April 15th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $1.17 per share for the year, down from their prior estimate of $1.18. The consensus estimate for CAE’s current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for CAE’s Q4 2024 earnings at $0.42 EPS and FY2026 earnings at $1.58 EPS.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group reduced their price target on CAE from C$36.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. CIBC reduced their target price on shares of CAE from C$37.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. National Bankshares lowered their price target on shares of CAE from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research report on Tuesday. Scotiabank dropped their price objective on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 15th. Finally, TD Securities decreased their target price on shares of CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CAE has a consensus rating of “Moderate Buy” and an average price target of C$32.80.

CAE Stock Down 0.3 %

Shares of TSE:CAE opened at C$26.04 on Wednesday. The firm has a market capitalization of C$8.29 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 67.89, a quick ratio of 0.71 and a current ratio of 0.90. The stock has a 50 day moving average price of C$26.71 and a 200-day moving average price of C$27.95. CAE has a 52-week low of C$24.75 and a 52-week high of C$33.87.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.24. The company had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.09 billion. CAE had a net margin of 6.13% and a return on equity of 6.24%.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.